Uniply Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process - Outcome of the 12th Stakeholders Consultation Committee meeting (SCC) held on 25th June 2025
Awaiting price reaction for this filing.
Uniply Industries, currently under liquidation, held its 12th Stakeholders Consultation Committee meeting on 25th June 2025. NCLT Chennai appointed a new Liquidator, Ms. Santhanam Rajashree, on 10 June 2025, replacing the previous liquidator whose IBBI registration was suspended for 2 years. The liquidator has filed for a one-year extension of the liquidation period, now extending up to 10 May 2026. The estimated liquidation value stands at Rs. 7.84 crore, while total claims from creditors amount to roughly Rs. 290 crore, creating a massive shortfall.
With claims of ~Rs. 290 crore against liquidation value of just ~Rs. 7.84 crore, equity shareholders are highly unlikely to recover any of their investment. The stock is effectively a zero for retail investors holding shares.