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 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

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.