New Delhi: The stakeholders’ consultation committee (SCC) of Punj Lloyd Ltd has approved the proposed course of action for the company’s ongoing liquidation, offering guidance to the liquidator after reviewing developments since the last meeting, the company said in a regulatory filing.
The 23rd meeting of the SCC was held on December 10, 2025, with e-voting concluding on December 30. During the meeting, the liquidator apprised committee members of key developments that have taken place since the previous SCC meeting held in October, and outlined the way forward to give effect to these developments as part of the liquidation process being carried out on a going-concern basis.
According to the disclosure, the SCC, with the requisite majority, advised the liquidator on matters related to the liquidation of the company. While specific resolutions were not detailed in the filing, the approval signals continued stakeholder alignment on the liquidation roadmap for the once-prominent infrastructure and EPC player.
Punj Lloyd, which has been undergoing liquidation under the Insolvency and Bankruptcy Code, has been attempting to preserve value through a going-concern approach amid weak order flows, high leverage and prolonged financial stress. The latest SCC outcome is expected to aid the liquidator in taking further steps to implement decisions already taken in the process.
The company said the disclosure was being made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, and requested stock exchanges to take the information on Record.