Uniply Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process - Intimation of Twelfth Stakeholders Consultation Committee meeting scheduled to be held on Wednesday, the 25th day of June, 2025 at 11:30 AM through audio and visual mode
Awaiting price reaction for this filing.
Uniply Industries Limited, currently under liquidation, has informed the stock exchanges about its 12th Stakeholders Consultation Committee (SCC) meeting scheduled for June 25, 2025. The company has been in liquidation since May 2023 following an NCLT order. Recently, NCLT approved the appointment of Ms. Santhanam Rajashree as the new Liquidator, replacing Mr. Lingumgunta Venkata Shyam Sundar whose IBBI registration was suspended for 2 years. The new Liquidator is directed to proceed with the liquidation process. This is a routine procedural update from a company that is already in liquidation, with no revival or resolution plan currently in progress.
This announcement has no positive catalyst for shareholders — Uniply has been in liquidation since 2023 and shareholders are unlikely to recover meaningful value. The change in liquidator is administrative and does not change the company's distressed status.