Union Quality Plastics Ltd (526799)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Union Quality's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (against a profit a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.0 | loss narrowed | — |
| Net profit | ₹-0.1 | to loss | loss widened |
| EPS (₹) | -0.10 | to loss | loss widened |
📢 Recent Corporate Announcements
Union Quality Plastics held its 42nd Annual General Meeting on September 30, 2026, via video conferencing. Key ordinary and special business resolutions were put to e-voting, including the adoption of FY26 financial statements and the formal appointment of Javeri Kapisha Udaya Kumar Singh as Managing Director. Additionally, Director Karthik Singh Javvari retired by rotation and chose not to seek reappointment. The company reported zero revenue and a net loss of Rs 0.15 Cr in FY26.
- 42nd Annual General Meeting conducted on September 30, 2026, from 16:00 to 16:45 IST
- Resolutions put to vote included adoption of FY26 audited financial statements
- Proposed appointment of Javeri Kapisha Udaya Kumar Singh (DIN: 10872040) as Managing Director
- Director Karthik Singh Javvari retired by rotation and did not offer himself for re-appointment
Union Quality Plastics Limited informed the exchanges that its Board of Directors decided on August 31, 2026, to apply for an extension to hold its Annual General Meeting (AGM) for the financial year 2025-26. The board meeting commenced at 5:45 PM and concluded at 6:15 PM. The micro-cap company (market cap of Rs 11 Cr) continues to have zero operational revenue and a negative net worth of Rs -2 Cr.
- Board approved applying for an extension of the FY 2025-26 Annual General Meeting.
- Board meeting conducted on August 31, 2026, from 5:45 PM to 6:15 PM.
- Company remains financially stressed with Rs 0 Cr TTM revenue and Rs -2 Cr net worth.
Union Quality Plastics Ltd has announced a Board of Directors meeting scheduled for Monday, August 31, 2026. The key agenda item is to consider applying to the Registrar of Companies (ROC), Mumbai, for an extension of time to hold the Annual General Meeting for FY 2025-26. The company currently has a market capitalization of Rs 11 Cr with zero revenue reported across recent quarters and a negative net worth of Rs -2 Cr.
- Board meeting scheduled for Monday, 31 August 2026
- Agenda to consider applying for an extension of the AGM for FY 2025-26 with ROC, Mumbai
- Intimation filed pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015
Union Quality Plastics reported zero revenue from operations and a net loss of ₹103.67 lakhs (₹1.04 Cr) for the quarter ended June 30, 2026, compared to a loss of ₹2.63 lakhs in the corresponding prior-year quarter. The statutory auditor issued a heavily qualified review, flagging material going concern uncertainties due to fully eroded net worth and current liabilities exceeding current assets. Key audit qualifications include ₹419.25 lakhs in advances given to related party Ikon Associates without documented terms, non-moving inventory of ₹63.06 lakhs lacking net realizable value assessment, and unconfirmed creditors and debtors outstanding for over three years.
- Reported zero revenue from operations and a net loss of ₹103.67 lakhs for Q1 FY27 (ended June 30, 2026).
- Auditor raised severe going concern doubt citing fully eroded net worth and liabilities exceeding current assets.
- Auditor flagged ₹419.25 lakhs transferred to related party Ikon Associates as advance without terms or records on file.
- Highlighted ₹63.06 lakhs in non-moving inventory (>2 years) without NRV determination and unconfirmed overdue creditors of ₹255.00 lakhs.
Union Quality Plastics reported zero revenue from operations for the quarter ended June 30, 2026, alongside a widened net loss of Rs 103.67 lakhs compared to a loss of Rs 2.63 lakhs in the previous corresponding quarter. The statutory auditor issued a heavily qualified conclusion pointing to fully eroded net worth, recurring operating losses, and significant doubt over its ability to continue as a going concern. The auditor also flagged Rs 419.25 lakhs transferred to related party Ikon Associates without terms on record, along with unconfirmed bank balances, debtors, and creditors. In addition, the Company Secretary and Compliance Officer tendered her resignation.
- Revenue from operations was Nil (Rs 0.00 lakh) for Q1 ended June 30, 2026.
- Net loss expanded to Rs 103.67 lakhs with Basic EPS at Rs -1.50 per share.
- Auditor raised material going concern uncertainty due to negative net worth and liabilities exceeding current assets.
- Auditor flagged lack of terms for Rs 419.25 lakhs advance given to related party Ikon Associates.
- Company Secretary cum Compliance Officer Kavitha Devi resigned on August 14, 2026.
Union Quality Plastics Ltd has scheduled a board meeting for August 14, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial state with zero revenue reported over the last four quarters and a negative net worth of Rs -2 Cr. Additionally, the board will consider the resignation of the Company Secretary and Compliance Officer, Kavitha Devi. Given the TTM revenue of Rs 0 Cr, investors should look for any signs of business resumption in the upcoming filing.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Company reported Rs 0.0 Cr revenue for the last four consecutive quarters (Jun 2025 - Mar 2026)
- Resignation of Company Secretary cum Compliance Officer Kavitha Devi to be considered
- Company currently operates with a negative net worth of Rs -2 Cr and debt of Rs 5 Cr
- Market capitalization remains small at approximately Rs 11 Cr
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
