Union Quality Plastics Ltd

Key resolutions

• AGM held on 30 September 2026 via VC/OAVM.
• Ordinary business: Audited financial statements for year ended 31 March 2026 to be adopted.
• Director appointment: Karthik Singh Javvari K to retire by rotation and not seek reappointment.
• Secretarial auditor: Atluri Ramesh & Associates appointed as Secretarial Auditors.
• Director appointment: Javeri Kapisha Udaya Kumar Singh appointed as Director.
• Managing director appointment: Javeri Kapisha Udaya Kumar Singh appointed as Managing Director.

Financial snapshot

• Revenue from operations nil for FY25-26.
• EBITDA negative Rs 10.46 lakh.
• PBT negative Rs 15.30 lakh.
• PAT negative Rs 3.20 lakh.
• Other income Rs 0.18 lakh.
• Cash and cash equivalents Rs 15.87 lakh.
• Net worth negative Rs 166.85 lakh.
• Total debt Rs 536.81 lakh.
• Working capital Rs -315.32 lakh.

Balance sheet highlights

• Total assets Rs 815.09 lakh.
• Total liabilities Rs 978.28 lakh.
• Equity negative Rs -166.85 lakh.
• Inventories Rs 158.06 lakh.
• Trade receivables Rs 55.57 lakh.
• Cash at year-end Rs 15.87 lakh.

Audit and going concern

• Independent Auditor's Report shows qualified opinion.
• Basis includes long-outstanding debtors and unreconciled items.
• Inventory NRV not determined; non-moving stock.
• Material uncertainty regarding going concern.
• Internal controls adequate except as per qualified opinion basis.

Related party transactions

• Ikon Associates loan Rs 419.25 lakh.
• Trade receivables from Ikon Associates Rs 209.73 lakh.
• Trade receivables from Uday Kumar Marketing Rs 93.86 lakh.
• Trade receivables from Uday Agro & Technology Rs 6.00 lakh.
• Trade receivables from Akshaya Irrigation Rs 40.58 lakh.
• Loans to JK Poornima Bai Rs 96.25 lakh.

Governance and management changes

• Javeri Kapisha Udaya Kumar Singh appointed Additional Director on 08-09-2026.
• Appointed Managing Director for five years from 16-09-2026.
• Karthik Singh Javvari K retires by rotation; not reappointed.
• Atluri Ramesh & Associates appointed Secretarial Auditors for five years.

Dividends and share capital

• Dividend not declared for 2025-26.
• No issue of shares or buybacks during year.

Operations and risks

• Single manufacturing segment; no revenue in year.
• Credit risk from receivables; AR balance Rs 55.57 lakh.
• Liquidity risk with negative working capital; debt Rs 536.81 lakh.

AGM Notice and Board Report

• Approved Notice for 42nd AGM and Board's Report for year ended 31 March 2026; subject to shareholder approvals.

Appointments and resignations

• Appointed Javeri Kapisha Udaya Kumar Singh as Additional Director from 08.09.2026; subject to shareholder approval.
• Appointed Javeri Kapisha Udaya Kumar Singh as Managing Director from 16.09.2026; subject to shareholder approval.
• Resignation of Jeethendra Singh Goud as Managing Director effective 15.09.2026.
• Karthik Singh Javvari K does not offer for re-appointment.

Committee changes

• Board re-constituted Audit, NRC, Stakeholder Relationship, and Risk Management Committees effective 08.09.2026.

AGM timing and register

• AGM fixed for 30 September 2026 at 16:00 IST via VC/OAVM.
• Register of Members and Transfer Books will stay closed 23–30 September 2026.

Regulatory/Disclosure notes

• Annexures I–III provide director details, resignations, and committee composition.
• Annexures I and II include appointment/resignation details and letters.

Meeting Details

• Date: 8 September 2026; time and venue not disclosed.

Key Agenda Items

• Report for the financial year ended 31 March 2026.
• Appointment of Mr. Javeri Kapisha Udaya Kumar Singh as Additional Director.
• Appointment of Mr. Javeri Kapisha Udaya Kumar Singh as Managing Director.
• Resignation of Mr. Jeethendra Singh Goud as Managing Director.
• Notice convening the 42nd Annual General Meeting of the Company.

Other Notes

• Meeting scheduled on shorter notice; time and venue not disclosed.

AGM extension

• Board meeting held on 31.08.2026; decided to apply for extension of the AGM for FY 2025-26.

Meeting Details

• Board meeting scheduled for 31 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider extension of the AGM for FY 2025-26 with Registrar of Companies, Mumbai.

Other Notes

• No other material governance or financial actions disclosed.