Uniply Industries Limited — Others, 28-06-2025: Corporate Insolvency Resolution Process

Uniply Industries has announced a board meeting to discuss the financial results for the quarter and half-year. The company is currently under liquidation, with a new liquidator, Ms. Santhanam Rajashree, appointed following the suspension of the previous liquidator. The liquidation value is estimated at Rs. 7.83 Cr against total creditor claims of approximately Rs. 290 Cr. Given this significant gap, equity shareholders are highly unlikely to recover their investments. The liquidation process continues under the new liquidator’s management, aiming to settle creditor claims.