Uniply Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Uniply Industries Limited, currently under liquidation, has informed the exchanges about its 18th Stakeholders Consultation Committee meeting scheduled for December 12, 2025. The meeting, to be held via audio-visual mode, will discuss two key items: (1) extension of the liquidation period which was due to end on March 31, 2025, and (2) the resignation of Mr. Anil Patel as a director of the company's subsidiary, Uniply Décor Limited. The communication is signed by the appointed Liquidator, Santhanam Rajashree, confirming that the company is in the liquidation phase under the IBC framework. The filing is made under SEBI LODR Regulation 30(2) read with IBBI Liquidation Process Regulations.
This is significantly negative for shareholders — the company is already in liquidation, meaning equity holders are unlikely to receive any meaningful recovery. The need to extend the liquidation deadline and continued meetings suggest the winding-up process is dragging on, prolonging uncertainty and eroding remaining asset value.