Punj Lloyd Limited — Important, 06-01-2025: Updates

The National Company Law Tribunal (NCLT) has initiated the Corporate Insolvency Resolution Process (CIRP) for Punj Lloyd Ltd., and Mr. Ashwini Mehra has been appointed as the Resolution Professional. The company is currently unable to meet its financial commitments, including the repayment of loans. Due to the failure to approve an adequate Resolution Plan, the NCLT has ordered the liquidation of Punj Lloyd as a going concern, with Mr. Mehra acting as the Liquidator. The NCLT has granted extensions for the liquidation process, with ongoing communications sent to the stock exchanges regarding these developments. Shareholders should be aware of the company's precarious financial position and the potential implications of the liquidation process on their investments.