Supreme Coated Board Mills Tamil Nadu plant put on the blocks; reserve price fixed at Rs 85.56 crore

The assets of Supreme Coated Board Mills Private Limited, which is now in liquidation, will be put on the block in a high-value e-auction this December. The liquidator has set a reserve price of Rs 86.56 crore for the company’s integrated manufacturing facility located in Virudhunagar District, Tamil Nadu.

According to a public notice published on Monday, the e-auction will be conducted on the BAANKNET platform on December 5, 2025, between 11:00 AM and 1:00 PM. The sale encompasses a significant industrial set-up, including land admeasuring 55.14 acres, building structures, and two operational units of plant and machinery.

The Supreme Coated Board Mills facility, located in Vembakottai Village, Srivilliputhur, was designed for the commercial production of duplex paper board with a capacity of up to 480 tonnes per day (TPD). The notice clarifies that a portion of the land, measuring 9.13 acres and owned by the company’s promoters, will also be sold as part of the liquidation estate.

Interested bidders must demonstrate their eligibility under Section 29A of the Insolvency and Bankruptcy Code (IBC), 2016, which bars defaulting promoters and other specified persons from submitting a resolution plan or participating in the sale of a distressed company.

Prospective buyers are required to deposit a substantial Earnest Money Deposit (EMD) of ₹8.66 crore—10% of the reserve price—through the BANKNET auction portal by November 28, 2025. The incremental bid amount has been set at Rs 25 lakh.

The liquidator has stipulated that the successful bidder will have a maximum of 90 days from the date of the Letter of Intent (LOI) to pay the remaining sale consideration. The auction will be conducted on an “as is where is, as is what is, and whatever there is” basis, meaning the buyer accepts the assets in their current condition without any recourse.

This sale represents a significant opportunity for investors or competing paper manufacturers to acquire a large-scale, ready-made production facility. The liquidation process is being overseen by a registered liquidator, who retains the right to extend, defer, cancel, or modify the auction terms without prior notice.

Supreme Coated Board Mills was set up in 2003, by Ms M Tangeswari and her family. Commercial operations began in 2005. The Sivakasi-based company manufactures white-coated boards, used in the matchstick, firework,
notebook, and packaging industries

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