Universus Photo Imagings Limited (UPIL) has successfully defended itself against allegations of oppression and mismanagement in a recent case before the National Company Law Tribunal (NCLT). The NCLT Allahabad Bench dismissed a petition filed by shareholder Mr. Ankit Jain under Sections 241-242 of the Companies Act, 2013, ruling in favor of the company on October 15, 2025.

Case Details

The petition, filed by Mr. Jain, alleged instances of oppression and mismanagement in the affairs of Universus Photo Imagings. However, after careful consideration, the NCLT dismissed the petition without imposing any costs on either party.

Company's Response

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Universus Photo Imagings provided additional disclosures regarding the NCLT order. The company's Company Secretary, Mr. Suresh Kumar, confirmed the following details:

Implications for Investors

The dismissal of the petition by the NCLT is a positive outcome for Universus Photo Imagings. The company has stated that there are no expected financial implications, penalties, or restrictions resulting from this order. This resolution may help alleviate any concerns among shareholders regarding the alleged mismanagement issues.

Universus Photo Imagings Limited, formerly known as Jindal Photo Imaging Limited, is listed on both the National Stock Exchange and the Bombay Stock Exchange. The company's corporate office is located in Gurugram, Haryana, with its registered office in Bulandshahr, Uttar Pradesh.

Investors and stakeholders can access the full NCLT order on the tribunal's website for more detailed information about the case and its resolution.

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.