Union Quality Plastics Limited accepted the resignation of Ms. Kavitha Devi as Company Secretary cum Compliance Officer effective August 31, 2026.

The company disclosed that Ms. Devi, holding membership number A22746, submitted her resignation letter dated July 24, 2026, citing personal reasons for her departure from the role.

Regulatory Disclosure

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Union Quality Plastics confirmed there are no other material reasons for the resignation beyond those stated.

The disclosure also references the SEBI circular dated September 9, 2015, regarding related party disclosures and cessation details.

Key Details

Kiran Bai JaweriPotival, Director of Union Quality Plastics, signed the disclosure on September 11, 2026.

Union Quality Plastics Limited has scheduled its 42nd Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will seek shareholder approval for the appointment of Javeri Kapisha Udaya Kumar Singh as Managing Director.

The Board approved Singh’s appointment during a meeting on September 8, 2026. He assumes the role on September 16, 2026, succeeding outgoing Managing Director Jeethendra Singh Goud, who is resigning due to health reasons.

Leadership Transition Details

Jeethendra Singh Goud stepped down as Director and Managing Director effective September 15, 2026. His resignation was accepted by the Board citing health issues and personal matters preventing sufficient devotion to company affairs.

Javeri Kapisha Udaya Kumar Singh was initially appointed as an Additional Director on September 8, 2026. He holds a Master’s in Business Analytics from the University of Texas, Dallas, and a Bachelor’s in Mechanical Engineering from Mahindra Ecole Centrale. Singh brings over three years of experience in data analytics and predictive modeling across manufacturing and technology sectors.

AGM Schedule and Corporate Actions

The AGM will be held via Video Conference or Other Audio-Visual Means at 4:00 pm IST. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026.

Remote e-voting will be open from Saturday, September 26, 2026, at 9:00 am to Tuesday, September 29, 2026, at 5:00 pm. Bigshare Services Private Limited will serve as the service provider for the e-voting platform and e-AGM.

Non-Executive Director Karthik Singh Javvari K retires by rotation but does not offer himself for re-appointment. The Board has also reconstituted its committees effective September 8, 2026.

Financial Performance FY26

The company reported a net loss of ₹3.20 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹375.49 lakh in FY25. Revenue from operations remained nil for both periods.

The auditor issued a qualified opinion on the financial statements. Key concerns included unconfirmed sundry debtors of ₹274.83 lakh outstanding for over three years and closing stock of ₹158.06 lakh that has not moved in more than two years.

The company’s net worth remains negative at ₹(166.85 lakh), with total borrowings standing at ₹536.81 lakh. Working capital deficit widened to ₹315.32 lakh from ₹305.03 lakh in the previous year.