| Scrip Code | 532693 |
|---|---|
| NSE Symbol | PUNJLLOYD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE701B01021 |
| Name of company | PUNJ LLOYD LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 01-06-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 26-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | EPC |
| Start date and time of board meeting | 01-06-2026 16:00:00 |
| End date and time of board meeting | 01-06-2026 19:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 0.00 | 19,569.00 | |
| Other income | 0.00 | 7,623.00 | |
| Total income | 0.00 | 27,192.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 1,523.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 0.00 | 1,678.00 |
| (e) | Finance costs | 0.00 | 474.00 |
| (f) | Depreciation, depletion and amortisation expense | 0.00 | 794.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 0.00 | 46,149.00 |
| Total other expenses | 0.00 | 46,149.00 | |
| Total expenses | 0.00 | 50,618.00 | |
| 3 | Total profit before exceptional items and tax | 0.00 | (23,426.00) |
| 4 | Exceptional items | 0.00 | (1,31,218.00) |
| 5 | Total profit before tax | 0.00 | (1,54,644.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 0.00 | (1,54,644.00) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | (424.00) |
| 16 | Total profit (loss) for period | 0.00 | (1,55,068.00) |
| 17 | Other comprehensive income net of taxes | 0.00 | (54,370.00) |
| 18 | Total Comprehensive Income for the period | 0.00 | (2,09,438.00) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | (1,54,843.00) | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | (225.00) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0.00 | (2,09,213.00) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | (225.00) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 0.00 | 10.00 | |
| Face value of equity share capital | 0 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | (88,618.00) | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0 | -47.17 | |
| Diluted earnings (loss) per share from continuing operations | 0 | -47.17 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0 | -47.17 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0 | -47.17 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 422.00 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 0.00 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 6,909.00 | |
| Non-current financial assets | ||
| Non-current investments | 1.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 0.00 |
| Total of other non-current financial assets | 0.00 | |
| Total non-current financial assets | 1.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Other non-current assets | 2,927.00 |
| Total of other non-current assets | 2,927.00 | |
| Total non-current assets | 10,259.00 | |
| 2 | Current assets | |
| Inventories | 709.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 84,641.00 | |
| Cash and cash equivalents | 18,622.00 | |
| Bank balance other than cash and cash equivalents | 6,773.00 | |
| Loans, current | 18.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 40,683.00 | |
| Total current financial assets | 1,50,737.00 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Other current assets | 259.00 |
| 2 | unbilled revenue (work-in-progress) | 2,989.00 |
| Total of other current assets | 3,248.00 | |
| Total current assets | 1,54,694.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 1,64,953.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 10.00 | |
| Other equity | (91,503.00) | |
| Total equity attributable to owners of parent | (91,493.00) | |
| Non controlling interest | 2,875.00 | |
| Total equity | (88,618.00) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Other non-current financial liabilities | 0.00 |
| Total of other non-current financial liabilities | 0.00 | |
| Total non-current financial liabilities | 0.00 | |
| Provisions, non-current | 0.00 | |
| Deferred tax liabilities (net) | 0.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| 1 | Other non-current liabilities | 0.00 |
| Total of other non-current liabilities | 0.00 | |
| Total non-current liabilities | 0.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 38,305.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 29,231.00 | |
| Total Trade payable | 29,231.00 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 1,67,238.00 |
| Total of other current financial liabilities | 1,67,238.00 | |
| Total current financial liabilities | 2,34,774.00 | |
| Other current liabilities | 18,726.00 | |
| 1 | Other current liabilities | 18,726.00 |
| Total of other current liabilities | 18,726.00 | |
| Provisions, current | 71.00 | |
| Current tax liabilities (Net) | 0.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 2,53,571.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 2,53,571.00 | |
| Total equity and liabilites | 1,64,953.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | (1,930.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 56,300.00 |
| 5 | Total Other comprehensive income | 0.00 | (54,370.00) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (1,54,644.00) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 412.00 | |||||
| Adjustments for decrease (increase) in inventories | (635.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | 86,238.00 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 27,840.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 1,675.00 | |||||
| Adjustments for other financial assets, current | (29,010.00) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (68,103.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 794.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | (9,886.00) | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | (18,325.00) | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 33,081.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 1,348.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 1,26,428.00 | |||||
| Other adjustments for non-cash items | (1,398.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 424.00 | |||||
| Total adjustments for reconcile profit (loss) | 1,48,187.00 | |||||
| Net cash flows from (used in) operations | (6,457.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 10.00 | |||||
| Interest received | 1,212.00 | |||||
| Income taxes paid (refund) | 6,367.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (11,622.00) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 17,479.00 | |||||
| Purchase of property, plant and equipment | 4,366.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 276.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 8,942.00 | |||||
| Net cash flows from (used in) investing activities | 22,331.00 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 38.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 34.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (59.00) | |||||
| Net cash flows from (used in) financing activities | (55.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 10,654.00 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 5,207.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 15,861.00 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 2,761.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 18,622.00 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | KASHYAP SIKDAR AND CO. | Yes | 28-02-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 27,192.00 | 27,192.00 |
| 2 | Total Expenditure | 50,618.00 | 50,618.00 |
| 3 | Net Profit/(Loss) | (1,55,068.00) | (1,55,068.00) |
| 4 | Earnings Per Share | -47.17 | -47.17 |
| 5 | Total Assets | 1,64,953.00 | 1,64,953.00 |
| 6 | Total Liabilities | 2,53,571.00 | 2,53,571.00 |
| 7 | Net Worth | (88,618.00) | (88,618.00) |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Qualified opinion | Repetitive | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| Textual Information(1) | 1. The net realizable value (NRV) of inventories as on 31st March 2026 has not been determined by the company. Consequently, inventories have been valued at cost, rather than at the lower of cost or NRV, which is contrary to the requirements of Ind AS 2 Inventories and accounting policy of the company. The financial impact of this non-compliance remains unquantifiable due to the absence of NRV data. |
|---|---|
| Textual Information(2) | N.A. |
| Textual Information(3) | indeterminable |
| Textual Information(4) | As explained in Note 2 (iv) to the financial statements, and para 31 of IND AS 2, estimates of net realisable value also take into consideration the purpose for which the inventory is held. It is to be noted that the Inventory is not held for sale and rather used for project completion which is to recover/generate revenue from respective projects. Since these are long term projects and inventory as of 31 March 2026 not being very material, it is not practical to ascertain impact of valuation of Inventory due to losses if any, in those projects. |
| Textual Information(5) | NIL |
| Textual Information(6) | 2. We could not obtain the direct balance confirmation from banks in respect of the dormant bank accounts and from receivables of the company as at the balance sheet date. |
| Textual Information(7) | N.A. |
| Textual Information(8) | indeterminable |
| Textual Information(9) | The Company would like to clarify that direct balance confirmations from certain banks in respect of dormant bank accounts and from certain receivables as at the balance sheet date could not be obtained despite follow-up efforts undertaken by the management. In respect of dormant bank accounts, the balances have been considered based on the books of accounts, historical records and available bank statements/reconciliations. Similarly, receivable balances have been relied upon based on underlying invoices, ledger records and subsequent recoveries, wherever available. The management has carried out an assessment of the recoverability and validity of the aforesaid balances and believes that the balances reflected in the financial statements are appropriate. Accordingly, no material adjustments are considered necessary in the financial statements in respect of the above matter. |
| Textual Information(10) | NIL |
| Textual Information(11) | 3. Quarterly Standalone financial result of the company had not been published and submitted to the stock exchanges, although being a listed company. |
| Textual Information(12) | N.A. |
| Textual Information(13) | indeterminable |
| Textual Information(14) | The IRP/RP/liquidator after resuming the office on March 08, 2019 was in the process of compilation of the financials w.e.f. financial year ended March 31, 2019 and subsequent quarters. The intimation in this regard has been suitably given to the stock exchanges from time to time by the RP/Liquidator. |
| Textual Information(15) | NIL |
| Textual Information(16) | 1. We draw attention to the matter relating to subsidiary companies, PL Delta Technologies Limited, PL Engineering Limited and Punj Lloyd Upstream Limited, wherein the companies were unable to provide bank statements for the audit period. Consequently, the bank transactions and bank balances reported in the financial statements could not be verified by the auditor of the subsidiary company. This raises concerns regarding the reliability of the reported bank balances and the possibility of material misstatements in the financial statements. |
| Textual Information(17) | N.A. |
| Textual Information(18) | indeterminable |
| Textual Information(19) | The Company would like to clarify that the inability to obtain bank statements for certain subsidiary companies during the audit period was primarily due to the resignation of the existing directors and the non-appointment/updation of new directors on the MCA portal within the relevant period. As a result, the banks did not permit access to the bank accounts or issuance of bank statements owing to the absence of authorised signatories/directors in their records. The management has relied upon the books of accounts and available supporting records for preparation of the financial statements. |
| Textual Information(20) | NIL |
| Textual Information(21) | 2. In respect to Subsidiary Companies, PL Delta Technologies Limited, PL Engineering Limited, Punj Lloyd Upstream Limited and Yagyi Kalewa Highway Limited, wherein all the directors of the company had resigned and the Board was subsequently reconstituted. This resulted in a delay in the appointment of new directors. As on the date of signing of the financial statements of the subsidiary company, the Registrar of Companies (ROC) had not regularised the companys filings in this regard. The delay in appointment and registration of new directors indicates uncertainty in the management structure of the company during the intervening period. |
| Textual Information(22) | N.A. |
| Textual Information(23) | indeterminable |
| Textual Information(24) | The Company would like to clarify that the resignation of all existing directors in certain subsidiary companies and the subsequent reconstitution of the Board led to procedural delays in the appointment and registration of new directors with the Registrar of Companies (ROC). Consequently, the requisite filings and regularisation on the MCA portal remained pending as on the date of signing of the financial statements. The delay was administrative and procedural in nature and does not impact the underlying operations, assets, liabilities or financial position of the subsidiary companies. The management had continued to oversee the affairs of the companies during the intervening period and has relied upon the available books of accounts, records and supporting documents for preparation of the financial statements. Necessary steps for regularisation of the pending ROC filings are being undertaken. Accordingly, the management believes that no material impact arises on the financial statements on account of the aforesaid matter. |
| Textual Information(25) | NIL |
| Textual Information(26) | 3. We draw attention to the matter relating to subsidiary company, PL Engineering Limited, wherein the audited financials of the Joint venture of the Company, PLE TCI Engineering Limited, was not available and therefore, carrying value of the said Joint venture was taken as Zero in financial statements of the subsidiary company. |
| Textual Information(27) | N.A. |
| Textual Information(28) | indeterminable |
| Textual Information(29) | The Company would like to clarify that the audited financial statements of the Joint Venture company, PLE TCI Engineering Limited, were not available during the year due to loss of control and non-availability of current financial information from the management of the Joint Venture entity. In view of the uncertainty relating to recoverability of the investment and considering the absence of reliable financial information, the management of PL Engineering Limited has, as a matter of prudence, considered the carrying value of the investment in the Joint Venture at Nil in its financial statements. |
| Textual Information(30) | NIL |
| Name of CEO / Managing director | NA |
|---|---|
| Name of CFO | NA |
| Name of audit committee chairman | SUSHAMA OZA |
| Name of statutory auditor | ARUNAVA SIKDAR |
| Name of other signatory, if any, with designation | VIPIN GOEL DIRECTOR ASHWINI MEHRA LIQUIDATOR RAJEEV PAL DIRECTOR |
| Place | AHMEDABAD |
| Date | 01-06-2026 |