In terms of regulation 30 (2) read with Clause 7 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations 2015 we have been informed by Mr. Atul Punj that he has resigned from the position of CMD / Director of the Company w.e.f. 20th October 2021(copy of resignation letter attached) and that he will continue with his position of Group Chief Executive Officer of the Company.
His resignation as CMD/Director has not been accepted by the Resolution Professional of the Company as Punj Lloyd is currently undergoing the CIRP in terms of the Insolvency and Bankruptcy Code 2016 and any such change in management of the Punj Lloyd Limited will require the prior approval of the Committee of Creditors before the Resolution Professional accepts the same.
However it transpires that Mr. Punj has filed form DIR 11 with the ROC towards his resignation as Chairman & Managing Director / Director of the Company.
You are requested to take the same on record.