Post - facto outcome of the Fourteenth Meeting of Stakeholders Consultation Committee of Uniply Industries Limited held on 26th August, 2025.
Awaiting price reaction for this filing.
Uniply Industries, currently under liquidation, held its 14th Stakeholders Consultation Committee (SCC) meeting on 26th August 2025 chaired by the Liquidator. The SCC approved filing an application with NCLT Chennai to sell the company's 40% stake in Artmatrix Technology Sdn Bhd, Malaysia, with existing Malaysian shareholders expressing interest to acquire the shares. The committee also noted various non-compliances in the original share transfer from KKN Holdings to Uniply. The estimated liquidation value of the company is approximately Rs. 7.84 crores (Rs. 7,83,65,700), while total claims received stand at around Rs. 290 crores. Given this massive shortfall, the company has warned that equity shareholders are highly unlikely to recover any of their investment.
This is extremely negative for shareholders. With claims of ~Rs. 290 crores against a liquidation value of just ~Rs. 7.84 crores, equity shareholders will get almost nothing once creditors and statutory dues are settled. The stock is essentially worthless for equity investors.