Un-audited Financial Results for quarter ended 31/12/2025.
Awaiting price reaction for this filing.
Union Quality Plastics reported zero revenue from operations for the third quarter and the first nine months of FY26, reflecting a complete halt in business activity. The company posted a small net loss of Rs. 2.28 lakhs in Q3 FY26, marginally wider than the Rs. 2.95 lakh loss in the previous quarter, though the nine-month loss narrowed sharply to Rs. 7.85 lakhs from Rs. 182.56 lakhs a year ago. The auditor issued a Qualified Conclusion, flagging old receivables of Rs. 278 lakhs with doubtful recovery, Rs. 419 lakhs advanced to a related party without proper documentation, unconfirmed bank balances and fixed deposits, and slow-moving inventory worth Rs. 158 lakhs. Most critically, the auditor highlighted that the company's net worth has been fully eroded and current liabilities exceed current assets, raising a material uncertainty about its ability to continue as a going concern.
This is a deeply distressed micro-cap with essentially no operating business, eroded net worth, and unresolved related-party exposures. Investors should treat this as a high-risk situation where stock price action and solvency are likely to remain under pressure until the going-concern issue is resolved.