| 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 | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| 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 | 01-01-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2025 | 31-03-2025 |
| 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 | 16,443.00 | |
| Other income | 0.00 | 11,861.00 | |
| Total income | 0.00 | 28,304.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 2,129.00 |
| (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 | 3,248.00 |
| (e) | Finance costs | 0.00 | 1,703.00 |
| (f) | Depreciation, depletion and amortisation expense | 0.00 | 906.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 0.00 | 45,465.00 |
| 2 | Provision for receivables | 0.00 | 23,045.00 |
| Total other expenses | 0.00 | 68,510.00 | |
| Total expenses | 0.00 | 76,496.00 | |
| 3 | Total profit before exceptional items and tax | 0.00 | (48,192.00) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 0.00 | (48,192.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 2.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 2.00 |
| 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 | (48,194.00) |
| 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 | (1,737.00) |
| 16 | Total profit (loss) for period | 0.00 | (49,931.00) |
| 17 | Other comprehensive income net of taxes | 0.00 | 85,491.00 |
| 18 | Total Comprehensive Income for the period | 0.00 | 35,560.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | (49,648.00) | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | (283.00) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0.00 | 85,491.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 0.00 | 6,712.00 | |
| Face value of equity share capital | 0 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0 | -14.79 | |
| Diluted earnings (loss) per share from continuing operations | 0 | -14.79 | |
| 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 | -14.79 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0 | -14.79 | |
| 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 | 01-04-2024 | |
| Date of end of reporting period | 31-03-2025 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 13,982.00 | |
| 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 | 7,595.00 | |
| Non-current financial assets | ||
| Non-current investments | 15.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 4,594.00 |
| 2 | Right of use of assets | 349.00 |
| Total of other non-current financial assets | 4,943.00 | |
| Total non-current financial assets | 4,958.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| Total of other non-current assets | ||
| Total non-current assets | 26,535.00 | |
| 2 | Current assets | |
| Inventories | 73.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 23,896.00 | |
| Cash and cash equivalents | 2,761.00 | |
| Bank balance other than cash and cash equivalents | 15,715.00 | |
| Loans, current | 18.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 42,634.00 | |
| Total current financial assets | 85,024.00 | |
| Current tax assets (net) | 10.00 | |
| Other current assets | ||
| Total of other current assets | ||
| Total current assets | 85,107.00 | |
| 3 | Non-current assets classified as held for sale | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | |
| Total assets | 1,11,642.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 6,712.00 | |
| Other equity | (17,70,551.00) | |
| Total equity attributable to owners of parent | (17,63,839.00) | |
| Non controlling interest | 3,100.00 | |
| Total equity | (17,60,739.00) | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 38.00 | |
| 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 | Lease Liability | 228.00 |
| Total of other non-current financial liabilities | 228.00 | |
| Total non-current financial liabilities | 266.00 | |
| Provisions, non-current | 0.00 | |
| Deferred tax liabilities (net) | 0.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 266.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 10,04,218.00 | |
| 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 | 2,78,862.00 | |
| Total Trade payable | 2,78,862.00 | |
| Other current financial liabilities | ||
| 1 | Lease Liability | 34.00 |
| 2 | Trade Payable ( inclusing MSE) | 0.00 |
| 3 | Other current financial liabilities | 4,25,275.00 |
| Total of other current financial liabilities | 4,25,309.00 | |
| Total current financial liabilities | 17,08,389.00 | |
| Other current liabilities | 1,47,391.00 | |
| 1 | Other current liabilities | 1,47,391.00 |
| Total of other current liabilities | 1,47,391.00 | |
| Provisions, current | 9,957.00 | |
| Current tax liabilities (Net) | 6,378.00 | |
| Deferred government grants, Current | ||
| Total current liabilities | 18,72,115.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | |
| Total liabilities | 18,72,381.00 | |
| Total equity and liabilites | 1,11,642.00 | |
| 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 | 01-01-2025 | 01-04-2024 | |||||
| Date of end of reporting period | 31-03-2025 | 31-03-2025 | |||||
| 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 | 01-01-2025 | 01-04-2024 |
| B | Date of end of reporting period | 31-03-2025 | 31-03-2025 |
| 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 | ||
| 1 | Remeasurement gains(loss)on defined benfit plan | 0.00 | 1.00 |
| 2 | Net gain(loss) on FVTOCI of equity securites | 0.00 | 14,625.00 |
| Total Amount of items that will not be reclassified to profit and loss | 0.00 | 14,626.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translation of foreign operations and subsidiaroes | 0.00 | 70,865.00 |
| Total Amount of items that will be reclassified to profit and loss | 0.00 | 70,865.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 85,491.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2024 | ||||
| B | Date of end of reporting period | 31-03-2025 | ||||
| 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 | (48,192.00) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1,348.00 | |||||
| Adjustments for decrease (increase) in inventories | 263.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 17,394.00 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (654.00) | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 9,267.00 | |||||
| Adjustments for other financial assets, current | (1,013.00) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (23,884.00) | |||||
| 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 | 906.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 859.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 3,817.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 32,419.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 3,539.00 | |||||
| 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) | (2,397.00) | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 1,737.00 | |||||
| Total adjustments for reconcile profit (loss) | 36,523.00 | |||||
| Net cash flows from (used in) operations | (11,669.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 857.00 | |||||
| Interest received | 4,462.00 | |||||
| Income taxes paid (refund) | (115.00) | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (7,949.00) | |||||
| 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 | 7,829.00 | |||||
| Purchase of property, plant and equipment | 7,290.00 | |||||
| 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 | (3,060.00) | |||||
| 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 | (8,370.00) | |||||
| Net cash flows from (used in) investing activities | (10,891.00) | |||||
| 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 | 0.00 | |||||
| Repayments of borrowings | (5,834.00) | |||||
| 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 | 0.00 | |||||
| Net cash flows from (used in) financing activities | 5,800.00 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (13,040.00) | |||||
| 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 | (7,833.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 10,594.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 2,761.00 | |||||
| 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 & 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 | 28,304.00 | 28,304.00 |
| 2 | Total Expenditure | 76,496.00 | 76,496.00 |
| 3 | Net Profit/(Loss) | (49,931.00) | (49,931.00) |
| 4 | Earnings Per Share | -14.97 | -14.97 |
| 5 | Total Assets | 1,11,642.00 | 1,11,642.00 |
| 6 | Total Liabilities | (18,72,381.00) | (18,72,381.00) |
| 7 | Net Worth | (17,60,739.00) | (17,60,739.00) |
| 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) |
| 7 | Textual Information(31) | Qualified opinion | Repetitive | Textual Information(32) | Textual Information(33) | Textual Information(34) | Textual Information(35) |
| 8 | Textual Information(36) | Qualified opinion | Repetitive | Textual Information(37) | Textual Information(38) | Textual Information(39) | Textual Information(40) |
| 9 | Textual Information(41) | Qualified opinion | Repetitive | Textual Information(42) | Textual Information(43) | Textual Information(44) | Textual Information(45) |
| 10 | Textual Information(46) | Qualified opinion | Repetitive | Textual Information(47) | Textual Information(48) | Textual Information(49) | Textual Information(50) |
| 11 | Textual Information(51) | Qualified opinion | Repetitive | Textual Information(52) | Textual Information(53) | Textual Information(54) | Textual Information(55) |
| 12 | Textual Information(56) | Qualified opinion | Repetitive | Textual Information(57) | Textual Information(58) | Textual Information(59) | Textual Information(60) |
| 13 | Textual Information(61) | Qualified opinion | Repetitive | Textual Information(62) | Textual Information(63) | Textual Information(64) | Textual Information(65) |
| 14 | Textual Information(66) | Qualified opinion | Repetitive | Textual Information(67) | Textual Information(68) | Textual Information(69) | Textual Information(70) |
| Textual Information(1) | 1. The net realizable value (NRV) of inventories as on 31st March 2025 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) | NA |
| 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 2025 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. The Company has not carried out an impairment assessment in respect of its Property, Plant and Equipment, including leased assets, and investment property as at 31 March 2025, as required under Ind AS 36. Impairment of Assets. Consequently, impairment loss, if any, has not been recognized. In the absence of such assessment, we are unable to determine whether any adjustment is necessary to the carrying value of the aforesaid assets and the consequential impact on the financial statements. |
| Textual Information(7) | NA |
| Textual Information(8) | Indeterminable |
| Textual Information(9) | The Company had performed an impairment assessment of its Property, Plant and Equipment, including leased assets, and investment property as at 27 May 22, being the Liquidation Commencement Date under CIRP. During the financial year 2024-2025, the Company was under CIRP and its operations, asset utilization, and business assumptions remained substantially aligned with those prevailing as at the liquidation commencement date. There were no indicators of impairment, as defined under Ind AS 36, observed during the year that would necessitate a fresh impairment assessment. In view of the above, the management believes that the impairment assessment carried out as at 27 May 22 remains appropriate and adequately reflects the recoverable value of the assets as at 31 March 2025. Accordingly, no further impairment testing or adjustment was considered necessary. |
| Textual Information(10) | NIL |
| Textual Information(11) | 3. Balances as per books of accounts relating to statutory liabilities such as VAT payable, GST Recoverable, TDS payable and TDS Receivable, TCS Payable, EPF, ESI and National Pension Scheme (NPS) have not been reconciled with the corresponding figures in the statutory returns/records. The financial impact, if any, arising from these unreconciled items has not been determined and provided in the financial statements. |
| Textual Information(12) | NA |
| Textual Information(13) | Indeterminable |
| Textual Information(14) | All statutory dues were calculated basis the data available upto the filing date. However, due to significant time lapse and subsequent event changes between filing of statutory returns and signing of the financial statements, reconciliation of statutory filings and accounting record of certain balances is no longer feasible. Accordingly, discrepancies and effects of the same on financial statements cannot be determined. |
| Textual Information(15) | NIL |
| Textual Information(16) | 4. The employee benefit expenses recorded in the financial statements are not in reconciliation with the payroll and HR records maintained by the company. The impact of the same, if any, could not be determined due to non-reconciliation of said expenses. |
| Textual Information(17) | NA |
| Textual Information(18) | Indeterminable |
| Textual Information(19) | Prior to the initiation of CIRP, there was a significant cash crunch in the holding company, and the operations of the holding company were badly affected. To ensure continuity of the projects with minimum disruption on respective projects, in certain cases, employee-related payments were made directly by the clients majority of them were PSUs. And due to significant time lapses and dispute with certain clients, complete details of these payments are not available in the holding Companys internal records, leading to differences between HR data and financial reporting. Effects of the same on financial statements cannot be determined. |
| Textual Information(20) | NIL |
| Textual Information(21) | 5. The company has not reconciled the claims received from operational creditors with the balances recorded in its books of accounts as on CIRP commencement date. In absence of the reconciliations, the financial impact, if any, remains unascertained. Refer Note No. 14 of the financial statements. |
| Textual Information(22) | NA |
| Textual Information(23) | Indeterminable |
| Textual Information(24) | Claims were admitted by the RP/Liquidator pursuant to the public announcement after verification of documents submitted by the claimants with those available in the Companys records. However, differences may exist due to factors such as interest claimed for delayed payments, penalties for non-performance, or other contractual interpretations. These differences are inherent to the claims process and do not necessarily reflect inaccuracies in the Companys accounting records. It is also important to note that any settlement with operational creditors will be carried out as per the provisions of IBC and as per the terms of final outcome of the liquidation process. Hence, the actual settlement amount is not presently ascertainable and effects of the same on financial statements cannot be determined. |
| Textual Information(25) | NIL |
| Textual Information(26) | 6. Due to the significant time lag between the period under audit and the conduct of the audit, the Project-related expenses, including those for material consumption, contractor charges, and site operations could not be physically verified at respective sites. |
| Textual Information(27) | NA |
| Textual Information(28) | Indeterminable |
| Textual Information(29) | Given the substantial time lapse, further progress at project sites and completion of some of the project sites since then, it was not practically feasible to carry out physical verification of mentioned expenses as on March 2025. It is pertinent to mention that during the reporting period as well as subsequent to the end of reporting period, majority of the expenses have corresponding project inflows which have been duly verified by clients as well as independent/authority engineers. |
| Textual Information(30) | NIL |
| Textual Information(31) | 7. We could not obtain the direct balance confirmation from banks and receivables of the company as on the balance sheet date. |
| Textual Information(32) | NA |
| Textual Information(33) | Indeterminable |
| Textual Information(34) | Due to the significant time lapse between the reporting date (31st March 2025) and the conduct of the audit, obtaining direct confirmations was not practically feasible. RP/Liquidator had sent balance confirmation emails to all the banks at the time of commencement of CIRP. Wherever direct confirmations were not received, the available bank statements were shared with the auditors to verify the balances. |
| Textual Information(35) | NIL |
| Textual Information(36) | 8. Quarterly and year to date Standalone financial result of the company had not been published and submitted to the stock exchanges, although being a listed company. |
| Textual Information(37) | NA |
| Textual Information(38) | Indeterminable |
| Textual Information(39) | 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(40) | NIL |
| Textual Information(41) | 9. The Companys investments have not been measured at fair value as required under Ind AS 109 and continue to be carried at their previous year values. In the absence of such fair valuation, we are unable to comment on the correctness of the carrying value of these investments and the consequential impact on the financial statements. |
| Textual Information(42) | NA |
| Textual Information(43) | Indeterminable |
| Textual Information(44) | The Company acknowledges the observation made by the auditors regarding non-measurement of investments at fair value in accordance with the requirements of Ind AS 109. Management has performed an internal assessment and is of the view that the difference, if any, between the carrying value and fair value of these investments is not expected to be material to the financial statements. Accordingly, no adjustment has been made in the current year. |
| Textual Information(45) | NIL |
| Textual Information(46) | 1. The Commercial Registration (CR)/ Department of Business Development (DBD) registration of the company of its branches at Saudi Arabia, Qatar Kuwait, Abu Dhabi, Libya, Thailand and Punj Lloyd Group JV-Thailand, have expired and not been renewed, resulting restrictions like physical visit of the branch office have imposed and branch auditor have relied on the statements and explanations provided by the management of the company. |
| Textual Information(47) | NA |
| Textual Information(48) | Indeterminable |
| Textual Information(49) | Management clarifies that there were no ongoing projects in these locations and the branch offices were vacated and operations closed. Since there was a significant cash crunch and lack of manpower, renewal of CRs was not pursued. |
| Textual Information(50) | NIL |
| Textual Information(51) | 2. In respect of branches located in Saudi Arabia and Libya, bank statements for the period under audit as well as for the subsequent period have not been provided. Further, in respect of Abu Dhabi and Qatar branches, bank statements for the said periods have been only partially provided. |
| Textual Information(52) | NA |
| Textual Information(53) | Indeterminable |
| Textual Information(54) | Management clarifies that these branches were non-operational during the period, with no ongoing projects. Bank balance in Saudi Arabia was NIL. Further, RP/Liquidator had sent balance confirmation emails to all banks during the commencement of CIRP and accordingly, the available statements have been shared. Certain statements which were not provided by banks could not be provided to auditor. |
| Textual Information(55) | NIL |
| Textual Information(56) | 3. In respect to Thailand Branch, an alleged misappropriation of cheque leaves identified subsequent to the balance sheet date wherein, certain cheques were unauthorizedly utilised, including encashment of cheques amounting to THB 1,984,285 and THB 809,820. The Company has filed Police Complaint dated November 27, 2025 and February 13, 2026 against the concerned individuals and the matter is currently under investigation. As the event pertains to a period subsequent to March 31, 2025, no adjustment has been made in the accompanying financial statements. |
| Textual Information(57) | NA |
| Textual Information(58) | Indeterminable |
| Textual Information(59) | Appropriate disclosures have been made in the financial statements, and the Company is taking necessary legal and administrative actions to safeguard its interests and recover the amounts involved. |
| Textual Information(60) | NIL |
| Textual Information(61) | 4. A forgery had been committed against the company, compromising the Company Commercial Registration (CR) of its Oman Branch, resulted in imposing of certain restrictions, including physical visit to the branch office. Consequently, verification procedures were limited, and reliance was placed on information, documentation, and explanations provided by Company. |
| Textual Information(62) | NA |
| Textual Information(63) | Indeterminable |
| Textual Information(64) | The Liquidator, along with his team and the company's representatives, visited Oman to assess the forgery of the Companys Commercial Registration (CR). Meetings were held with officials from the Indian Embassy, Chamber of Commerce, and Ministry of Commerce at Oman. Following their advice, the Liquidator reported the forgery and fraudulent sale of the company's assets to the following authorities in Oman: -Ministry of Justice and Legal Affairs -State Financial and Administrative Audit Institution -Ministry of Commerce, Industry & Investment Promotion -Legal Department of the Chamber of Commerce a A public notice was also issued in local newspapers, declaring Punj Lloyd Limited as the sole owner of the assets and warning that any unauthorized dealings would be at the buyers risk and subject to legal consequences. Legal counsel was also appointed by the Liquidator, who filed an appeal against the adverse judgment of the Public Prosecution of Sohar, Oman. The matter remains sub-judice. a A First Information Report (FIR) has been filed with the local police authorities for loss of assets and documents. The said matter is pending outcome with Royal Oman Police. |
| Textual Information(65) | NIL |
| Textual Information(66) | 5. The financial statements of the Oman branch reflect an occurrence of theft from its warehouse. A First Information Report (FIR) has been filed with the local police authorities. The said matter is pending for adjudication before the local court in Oman. |
| Textual Information(67) | NA |
| Textual Information(68) | Indeterminable |
| Textual Information(69) | A First Information Report (FIR) has been filed with the local police authorities for loss of assets and documents. The said matter is pending outcome with Royal Oman Police. Additionally, an application has been filed with the Honble NCLT Principal Bench on 16 February 2026 to categorize Oman assets as Onerous assets. The matter is currently sub-judice. |
| Textual Information(70) | NIL |
| Name of CEO / Managing director | NA |
|---|---|
| Name of CFO | NA |
| Name of audit committee chairman | SUSHAMA OZA |
| Name of statutory auditor | SWATI ARORA |
| Name of other signatory, if any, with designation | VIPIN GOEL DIRECTOR ASHWINI MEHRA LIQUIDATOR RAJEEV PAL DIRECTOR ADHISH SWAROOP COMPANY SECRETARY |
| Place | AHMEDABAD |
| Date | 01-06-2026 |