Universal Office Automation Limited held its 34th Annual General Meeting on September 23, 2026, via video conferencing. The meeting focused on the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of key board members.

The proceedings were conducted through Video Conferencing and Other Audio-Visual Means due to the nature of the virtual format. A total of 131 members attended the meeting, ensuring a valid quorum was present. The Company Secretary confirmed the attendance records and welcomed the participants before the Managing Director assumed the chair.

Key resolutions passed

The shareholders transacted both ordinary and special business items as outlined in the notice dated August 10, 2026. The following resolutions were put to vote:

Voting and compliance details

The company extended e-voting facilities to members in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. Remote e-voting commenced on September 20, 2026, and concluded on September 22, 2026. Rana & Associates, Company Secretaries, served as the scrutinizer to ensure a fair and transparent voting process.

The Chairman provided an overview of the financial performance for the period ended March 31, 2026, and discussed the company's future outlook. Voting results are scheduled to be displayed on the company website by September 25, 2026, and submitted to stock exchanges in the prescribed format.

Universal Office Automation has scheduled its 34th Annual General Meeting (AGM) for September 23, 2026. The meeting will convene to adopt the financial statements for the fiscal year ended March 31, 2026, and transact special business regarding board appointments.

The company reported a significantly reduced net loss of ₹1.16 lakh for FY26, a sharp improvement from the ₹8.59 lakh loss recorded in the previous year. Total income declined to ₹11.06 lakh from ₹12.94 lakh in FY25, while other expenses fell by nearly half to ₹11.59 lakh. The Board did not recommend a dividend due to the absence of distributable profits.

What the Numbers Show

The narrowing loss is primarily driven by a substantial reduction in operational expenses rather than revenue growth. While total income contracted by approximately 14.5%, other expenses dropped by 46.2% year-on-year. This divergence highlights that the improvement in the bottom line was achieved through cost containment rather than top-line expansion, as the company continues to operate with minimal business activity.

Financial Performance

The company's primary income source remains non-operational, derived largely from interest on deposits and fair value gains on investments. Revenue from operations remained at zero for both periods presented.

Cash and cash equivalents stood at ₹133.97 lakh as of March 31, 2026, down slightly from ₹137.24 lakh in the prior year. The company holds investments valued at ₹45.87 lakh, classified as fair value through profit or loss.

Corporate Governance and AGM Details

Shareholders will consider the re-appointment of Ms. Rita Gupta as a director liable to retire by rotation. Additionally, a special resolution will be put forward for the re-appointment of Mr. Vipin Kumar Gupta as an Independent Director for a second term of five years, effective August 12, 2026.

The remote e-voting period opens on September 20, 2026, and closes on September 22, 2026. The book closure runs from September 14 to September 23, 2026. The meeting will be held via Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Auditor and Compliance Notes

V Nagarajan & Co., Chartered Accountants, served as the statutory auditor for FY26. The audit report highlights a material uncertainty related to going concern, noting that accumulated losses have fully eroded the company's net worth. Current liabilities exceed current assets by ₹178.84 lakh. However, the financial statements are prepared on a going concern basis, citing financial support from the promoter group.

The secretarial audit report disclosed two compliance lapses: the Compliance Officer is not in whole-time employment as required by SEBI regulations, and the Annual Secretarial Compliance Report for FY24-25 was filed late, resulting in a monetary penalty.