Universus Photo Imagings Limited (UPIL) has emerged victorious in a legal battle at the National Company Law Tribunal (NCLT) Allahabad Bench. The NCLT has dismissed a petition filed by shareholder Ankit Jain, alleging oppression and mismanagement in the company's affairs.

Key Details of the Case

NCLT Decision and Company Response

The NCLT Allahabad Bench, during its hearing on October 15, 2025, ruled in favor of Universus Photo Imagings Limited, rejecting the allegations made by the petitioner. The company is currently awaiting the formal signed order from the tribunal.

In its disclosure to the stock exchanges, UPIL stated:

"The Hon'ble NCLT vide its hearing held on 15th October 2025 has dismissed the petition & allegations levelled by the said shareholder and decided the matter in favour of the Company."

The company has assured compliance with any directions that may be contained in the forthcoming order. UPIL's management emphasized that they will intimate the contents of the order as soon as it is received.

Implications and Next Steps

While the dismissal of the petition is a positive development for Universus Photo Imagings, the company remains cautious in its approach. The management has made it clear that they will carefully review the formal order once received and take appropriate actions to ensure full compliance with any directives issued by the NCLT.

This development may help alleviate concerns among investors regarding the company's corporate governance practices. However, as with any legal matter, the full implications will only be clear once the detailed order is available and analyzed.

Investors and stakeholders of Universus Photo Imagings Limited should keep an eye out for further updates from the company regarding the final NCLT order and any subsequent actions the company may take in response.

Universus Photo Imagings Limited (UPIL) has announced its Board of Directors' approval 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 meeting was held on December 26, 2025, commencing at 2:30 PM and concluding at 7:15 PM.

Key Transaction Details

The company has provided comprehensive details of the proposed acquisition under regulatory requirements:

About JPF Netherlands B.V.

JPF Netherlands B.V., an associate company of Universus Photo Imagings, operates in the manufacturing sector focusing on BOPP (Biaxially Oriented Polypropylene) and other flexible packaging films. The company has reported strong financial performance:

Regulatory Compliance

The transaction has been structured in compliance with applicable regulations. According to the company's disclosure, no governmental or regulatory approvals are required for this acquisition. The rights issue subscription falls within the purview of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Strategic Implications

This participation in the rights issue demonstrates UPIL's continued commitment to supporting its associate company's operations and growth in the packaging films sector. While the percentage shareholding will remain unchanged at 39.87%, the cash infusion through the rights issue is expected to strengthen JPF Netherlands' operational capabilities.

The decision comes at a strategic time for the packaging industry, with both companies positioned to leverage market opportunities in the flexible packaging segment. The transaction is being conducted on an arm's length basis, ensuring transparency and compliance with related party transaction norms.