Compliance as per Regulation 34 of SEBI, (LODR) Regulations, 2015 for year ended 31.03.2023.
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Awaiting price reaction for this filing.
Unipro Technologies Ltd submitted its 38th Annual Report for the financial year ended March 31, 2023 to BSE as required under Regulation 34 of SEBI's Listing Regulations. The company reported zero turnover and zero other income for the year, with a net loss of Rs. 11.63 lakh, an improvement from the Rs. 20.03 lakh loss in the previous year. No dividend was recommended, and no funds were raised through preferential allotment or QIP during the year. The statutory auditors (M/s. V Ravi and Co.) issued an unmodified opinion with no qualifications. The company's authorised capital stands at Rs. 7 crore, with paid-up capital of Rs. 6.08 crore. The 38th AGM was held on September 30, 2023, and e-voting was facilitated through CDSL.
The company continues to operate with no revenue, posting only losses, which signals a dormant or pre-operational status. For shareholders, this is a red flag as there is no business activity generating income, though losses are narrowing. The stock is likely illiquid and of low fundamental value given the complete absence of operations.