Uniply Industries Limited held its 12th Stakeholders Consultation Committee (SCC) meeting on 25 June 2025, where key updates regarding its liquidation process were provided:
- The Hon'ble NCLT, Chennai, via an order dated 10 June 2025, appointed Ms. Santhanam Rajashree as the new Liquidator. She replaces Mr. Lingumgunta Venkata Shyam Sundar, whose registration was suspended by IBBI for two years.
- An application has been filed with the NCLT, Chennai, seeking a one-year extension of the liquidation period until 10 May 2026.
- The company's Liquidation Value is estimated at ₹7,83,65,700.
- Total claims received to date amount to approximately ₹290 Crore.
- Given the significant disparity between the liquidation value and the total claims, it is highly unlikely that the equity shareholders will be able to recover any amount invested in the company.