Universal Office Automation Reports Q1 Loss, Appoints Key Personnel
Universal Office Automation Limited (UOAL) reported a net loss of Rs. 2.01 lakhs for Q1 FY2024, compared to a profit in the previous quarter. The company made several key appointments, including Jasbir Singh Marjara as Company Secretary and Compliance Officer, Gagandeep Singh Waraich as Internal Auditor, and M/s Rana & Associates as Secretarial Auditor for five years. UOAL's total income of Rs. 3.11 lakhs came entirely from other income sources.
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Universal Office Automation Limited (UOAL) has announced several key appointments and reported a net loss for the quarter ended June 30, as per the company's recent board meeting outcome.
Financial Performance
The company reported a net loss of Rs. 2.01 lakhs for the quarter ended June 30, compared to a profit of Rs. 1.36 lakhs in the previous quarter. UOAL's financial results show no revenue from operations, with the total income of Rs. 3.11 lakhs coming entirely from other income sources, including interest on fixed deposits.
Key Appointments
The board has approved several significant appointments:
Company Secretary and Compliance Officer
Mr. Jasbir Singh Marjara (Membership No. ACS 41879) has been appointed to this role, effective August 11. Mr. Marjara brings over 9 years of experience in corporate governance, regulatory compliance, and capital market regulations.
Internal Auditor
Mr. Gagandeep Singh Waraich (Membership No. FCA 546430) has been named the Internal Auditor for the financial year. Mr. Waraich is a member of the Institute of Chartered Accountants of India with extensive experience in accounting, auditing, taxation, and compliance.
Secretarial Auditor
M/s Rana & Associates, Company Secretaries (Peer Review No. 5647/2024), has been appointed for a term of five consecutive years, subject to shareholder approval at the upcoming 33rd Annual General Meeting.
Additional Board Decisions
The board also approved the appointment of M/s Rana & Associates as the Scrutinizer for conducting the remote E-voting and physical voting process at the 33rd Annual General Meeting.
Universal Office Automation Limited's board meeting commenced at 4:00 P.M. and concluded at 5:00 P.M. The company has stated that it will arrange for the publication of the unaudited financial results in English and Hindi daily newspapers.
These appointments and financial results reflect UOAL's efforts to strengthen its corporate governance and navigate through a challenging financial period.
Historical Stock Returns for Universal Office Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.83% | -13.53% | -26.24% | -14.44% | -25.91% | +81.11% |
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