Post - Facto outcome of the Tenth meeting of Stakeholders consultation committee of Uniply Industries Limited.
Awaiting price reaction for this filing.
Uniply Industries, already under liquidation, held its 10th Stakeholders Consultation Committee meeting on April 1, 2025. Key topics discussed included the sale of the 'Uniply' brand, sale of Artmatrix shares, the status of an NCLT hearing on a Section 66 application filed against KKN Holdings Private Limited (related to fraudulent/wrongful trading), and other receivables. The committee deferred further decisions on liquidation estate assets to the next meeting due to ongoing legal challenges. The estimated liquidation value is Rs. 7.84 crore, while total creditor claims stand at approximately Rs. 290 crore.
With claims of Rs. 290 crore against a liquidation value of just Rs. 7.84 crore, equity shareholders have effectively no chance of recovering any of their investment. This is a near-total loss scenario for shareholders, and the stock is likely of negligible value as the liquidation process continues.