We wish to inform the outcome of the 12th (Twelfth) Stakeholders Consultation Committee meeting held on 25th June 2025 at 11:30am through audio visual means.
Awaiting price reaction for this filing.
Uniply Industries is under liquidation and a new Liquidator, Ms. Santhanam Rajashree, has been appointed by NCLT Chennai (order dated 10.06.2025) replacing the previous liquidator whose IBBI registration was suspended for two years. The company has applied to NCLT to extend the liquidation period by one year until 10.05.2026. As per the valuation report, the liquidation value is only Rs. 7.84 crore while total creditor claims stand at approximately Rs. 290 crore. The company has explicitly stated that equity shareholders are highly unlikely to recover any of their investment, since all creditors, statutory authorities, and other claimants must be settled first before any equity recovery.
This is a near-total loss situation for equity shareholders — the liquidation value (Rs. 7.84 crore) is less than 3% of total claims (Rs. ~290 crore), leaving virtually nothing for equity. The stock is effectively a written-off investment and likely to be delisted once liquidation concludes.