Outcome of Board Meeting dated 14/11/2025.
Awaiting price reaction for this filing.
Union Quality Plastics Ltd's board approved its unaudited financial results for Q2 and H1 FY26 on 14 November 2025. The company's revenue from operations has effectively dried up, reported as nil or negligible across the quarter and half year, with only minor other income of around Rs. 0.02 lakh in Q2 FY26. The company posted a net loss of Rs. 2.95 lakh in Q2 FY26 and Rs. 5.58 lakh in H1 FY26, though this is much smaller than the Rs. 167.70 lakh and Rs. 175.96 lakh losses reported in the same prior-year periods. On the balance sheet, total assets shrank to about Rs. 820 lakh (from Rs. 916 lakh in March 2025), while other equity stands at a deeply negative Rs. (861.86) lakh, meaning net worth is fully eroded. The statutory auditor, Sagar & Associates, issued a qualified conclusion, flagging unrecovered old receivables of Rs. 284.58 lakh, slow-moving inventory of Rs. 158.06 lakh with no NRV assessment, and unconfirmed old payables of Rs. 370.73 lakh.
The auditor has explicitly raised a going-concern doubt, noting accumulated losses, fully eroded net worth, current liabilities exceeding current assets, and continued cash losses. With virtually no operating revenue, deeply negative net worth, and a qualified audit report, the stock remains a high-risk, distressed bet and shareholders should brace for continued weakness and possible trading suspensions or delisting risk.