ResultFinancial Results
Union Quality Plastics: June 2026 unaudited results; auditor's limited review flags going concern risk
Unaudited results & auditor qualifications
- Board approved unaudited standalone results for quarter ended 30 June 2026 and Limited Review Report.
- Auditor issued qualified conclusion citing going concern risk.
- Sundry debtors over 3 years ₹249.04 lakhs; ECL not fully provided.
- Closing stock not moving over two years; NRV not determined.
- Sundry creditors over 3 years ₹255.00 lakhs; confirmations not received.
- Other current assets ₹429.75 lakhs include advances to related party.
- Advances to Ikon Associates; terms not available.
- Bank confirmations missing for some balances.
- FDs with City Bank ₹14.30 lakhs; confirmations not received.
- Long-outstanding other financial assets ₹87.78 lakhs; no provision.
- Company accumulated losses; net worth eroded; current liabilities exceed current assets.
- Segment reporting not provided per Ind AS 108; single segment.