Universus Photo Imagings Limited (UPIL) has disclosed that a shareholder, Mr. Ankit Jain, has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) in New Delhi. This appeal challenges a recent order by the National Company Law Tribunal (NCLT) in Allahabad, which had dismissed Mr. Jain's petition alleging oppression and mismanagement in the company's affairs.

Key Details of the Legal Challenge

Company's Response and Implications

Universus Photo Imagings Limited has acknowledged receipt of the appeal notice and is currently preparing its response to the NCLAT proceedings. The company has made the following statements regarding the appeal:

1. No Expected Financial Impact: UPIL has stated that there are no anticipated financial implications arising from this legal challenge.
2. Compliance with Regulations: The company has disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Dispute

The original petition filed by Mr. Ankit Jain before the NCLT Allahabad alleged instances of oppression and mismanagement in the company's affairs. However, the specifics of these allegations were not detailed in the available information.

Next Steps

As the matter progresses to the NCLAT, stakeholders and investors of Universus Photo Imagings Limited will likely be watching for further developments. The company has committed to keeping the market informed of any significant updates related to this legal proceeding.

While the appeal presents a legal challenge for UPIL, the company's statement of no expected financial implications suggests confidence in its position. However, the outcome of the NCLAT proceedings and its potential impact on the company's governance and operations remain to be seen.

Universus Photo Imagings Limited (UPIL) has released its financial results for the second quarter and half-year ended September 30, 2025, presenting a mixed picture with standalone profit but consolidated loss.

Standalone Performance

On a standalone basis, UPIL reported a profit of ₹620.00 lakhs for Q2 FY2026, showing a decrease from ₹893.00 lakhs in the previous quarter. The company's revenue from operations declined to ₹497.00 lakhs in the current quarter from ₹899.00 lakhs in the preceding quarter.

Consolidated Results

The consolidated financial results paint a different picture:

While the consolidated loss has improved quarter-over-quarter, the significant decline in revenue indicates challenging market conditions.

Key Financial Metrics (Standalone)

Based on the income statement data:

The standalone figures show improvement across key metrics compared to the previous quarter, despite the overall decline in revenue reported earlier.

Investment in Foreign Associate

During the quarter, UPIL made a significant investment:

• Amount invested: ₹12,518.00 lakhs
• Purpose: Subscription towards a rights issue of shares offered by JPF Netherlands BV
• Status: Allotment pending as of September 30, 2025

Audit Status of Foreign Associate

It's important to note that the audit of the foreign associate company, JPF Netherlands BV, for the financial year 2024-25 remains incomplete. The consolidated results were prepared based on unaudited figures certified by management.

Conclusion

Universus Photo Imagings Limited's Q2 FY2026 results present a complex financial picture. While the standalone entity shows profitability and improvement in key metrics, the consolidated results reflect ongoing challenges. The significant investment in JPF Netherlands BV and the pending audit status of this foreign associate add layers of complexity to the company's financial position. Investors and stakeholders may want to closely monitor the completion of the foreign associate's audit and the impact of the rights issue subscription on future consolidated results.