Universus Photo Imagings Approves Subscription to JPF Netherlands Rights Issue

1 min read Updated on 27 Aug 2025, 07:54 PM

Reviewed by

Shriram ShekharScanX News Team

Overview

Universus Photo Imagings Limited (UPIL) will subscribe to a rights issue for its associate company, JPF Netherlands B.V., at €3.00 per share. UPIL's 39.87% stake in JPF Netherlands is expected to remain unchanged post-transaction. JPF Netherlands, a manufacturer of BOPP and flexible packaging films, reported a turnover of €492.65 million for FY 2024-25. The transaction, approved by UPIL's Board, requires no regulatory approvals and is expected to complete in 3-4 months.

*this image is generated using AI for illustrative purposes only.

Universus Photo Imagings Limited (UPIL) has announced its decision to participate in a rights issue for JPF Netherlands B.V., an associate company specializing in the manufacturing of BOPP and other flexible packaging films. The Board of Directors of UPIL approved this move during a meeting held on August 27, 2025.

Key Details of the Transaction

Aspect	Details
Acquisition Method	Subscription to equity shares through a rights issue
Price per Share	€3.00
Payment Terms	Cash basis
Current Shareholding	39.87% stake in JPF Netherlands
Post-Transaction Shareholding	Expected to remain unchanged at 39.87%
Estimated Completion Time	3-4 months

About JPF Netherlands B.V.

JPF Netherlands B.V., an associate company of Universus Photo Imagings, has reported a turnover of €492.65 million for the fiscal year 2024-25. The company operates in the manufacturing sector, focusing on BOPP (Biaxially Oriented Polypropylene) and other flexible packaging films.

Transaction Details

The rights issue subscription has been approved by UPIL's Board of Directors and is being conducted on an arm's length basis. This strategic move aligns with the company's investment strategy in its associate entities.

Regulatory Aspects

According to the company's disclosure, no governmental or regulatory approvals are required for this acquisition. The transaction falls within the purview of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Market Impact

While the percentage shareholding of UPIL in JPF Netherlands will remain constant post-transaction, this move demonstrates the company's commitment to supporting its associate's growth and operations in the packaging films sector.

The decision to participate in the rights issue comes at a time when the packaging industry is experiencing significant developments, potentially positioning both UPIL and JPF Netherlands to capitalize on market opportunities.

Investors and market analysts will likely monitor the progress of this transaction and its potential impact on Universus Photo Imagings' financial performance in the coming quarters.

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