Uniply Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Uniply Industries Limited, which is already in liquidation, held its 18th Stakeholders Consultation Committee (SCC) meeting on December 12, 2025. The SCC approved making an application to NCLT Chennai to extend the liquidation period by one year, from January 1, 2026 to December 31, 2026, as the current liquidation period ends on December 31, 2025. The company continues to be managed by the Liquidator (Santhanam Rajashree) with no operational revival in sight. Additionally, Mr. Anil Patel has resigned as Director of the subsidiary Uniply Décor Limited.
This is negative for shareholders as the extension of liquidation means no resolution plan has been finalised, prolonging uncertainty and likely diminishing any residual value for equity holders. Shareholders should brace for a prolonged winding-up process with minimal recovery prospects.