To all investors of PACL (Pearl Agro Corporation Limited) Here is the most important update: the deadline for rectification of bank account deficiencies has been extended to October 6, 2026. The refund process is being overseen by the Justice (Retd.) R.M. Lodha Committee set up by the Supreme Court of India, and as of May 2026, more than ₹3,720 crore has already been refunded to over 35.74 lakh eligible investors.
But a large number of investors are still waiting for their money. So let’s look into what’s going on exactly, why some payments are stuck and what you need to do if you haven’t received your refund yet.
2026 Refund Figures Latest
Total Disbursed Refunds (as of May 2026)₹37,206.7 crore
Processed Eligible Applications 35,74,401
Latest Reported Number (Sept 2026)To 36+ Lakh Investors Over ₹3,864 Crore
Properties Auctioned 904 Properties across 7 States, Valued at ~₹3,894 Crore Future Refunds Funds AvailableAbout ₹1,200 Crore in the designated bank account
Extension of Rectification Window Deadline October 6, 2026
Why is your PACL refund pending?
There is no automatic issuing of refunds. Your application must be complete and verified before the Committee can process your claim.
Here are the main reasons refunds get stuck:
1. Bank Verification Failure (Most Common Problem)
The bank account details provided did not match or could not be verified and many applications could not be processed . If your bank account has been closed, wrong IFSC code was used or the name on the account does not match your PACL records, your refund will be blocked.
What to do: Go to the official portal sebipaclrefund.co.in, log in and update your correct bank account details. The deadline for this correction has been extended to 6 October 2026.
2. Missing papers
If you have not uploaded the required documents like your canceled cheque, PAN copy, PACL certificate or photograph, your application will remain incomplete.
3. “Land Has Been Allocated” status
Some investors are receiving a status that reads “Land has been allocated” instead of a cash refund. This means, that according to the records of PACL, land was allotted to you. But that does not mean that you have really had physical possession of that piece of land. Such cases are probably pending further court orders and cash refund may not be processed in the same way .
How to Check PACL Refund Status
Official Portal Visit : sebipaclrefund.co.in
Click on “Enquiry about payment status” or “Enquiry about refund”
Enter your PACL Registration/Certificate Number and Captcha Code
Click Search.
Your current status will be shown
What are the Various Statuses Average:
– Your refund has been processed “Amount has been paid into your bank account” Check your bank statement for the credit . “Bank Verification Failure” We were unable to verify your bank information. You must correct them in the portal by October 6, 2026.“Land has been allocated”: Your claim was not reimbursed directly in cash but was classified under land allotment. Please wait for official updates.
Documents Required to Apply for Refund
Have these ready if you are making an update or correction to your application:
PAN card copy
Recent passport size photograph
Canceled cheque with your name printed, OR Banker’s certificate in the prescribed format
Your PACL certificate copy
5. Receipts (if any)
Questions to Ask
Q: I have received an SMS requesting my original PACL certificate. What am I supposed to do?
If your claim is between ₹10,001 and ₹15,000, the Committee may send an SMS to your mobile asking for your original PACL certificate. You can see on the official portal whether such an SMS was sent to you.
Q: I have changed my mobile no.? How will I receive updates?
To receive Important SMS Notifications, the Committee has provided a facility to update your registered mobile number on the portal .
Q: What if my claim amount exceeds ₹30,000?
The information pertaining to refunds for higher claim amounts is being processed in line with the Committee’s process, SEBI said. Now all investors regardless of investment amount are eligible for refunds.
Q: My status shows as paid but I haven’t gotten my refund. What shall I do?
1. Check your bank statement for the credit. In case the amount is not visible, one can call the PACL official helpline number 022-6121 6966 or register a complaint on the portal.