Financial Results

UNION QUALITY PLASTICS LIMITED Regd. Office: 209/A, SHYAM KAMAL B, CHS LTD, AGARWAL MARKET, TEJPAL ROAD, VILE PARLE EAST, MUMBAI-400057, MH, IN CIN: L25209MH1984PLC033595, E-mail: cs.ugpl@gmail.com, Contact No: +91 22 26100367/8 BSE Limited, The Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, Mabharashtra-400001 Scrip Code: 526799 Dear Sir, Sub: Outcome of Board Meeting and submission of un-audited Financial Results (Standalone) for the Quarter ended 30™ June, 2026 as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ‘We wish to inform you that the Board of Directors in their Meeting held on 14% August, 2026, which commenced at 4:30 P.M. and concluded at 7:00 P.M., at 11-4-646-G/D310, Flat No. 310, First Floor, Vijaya Hills Apartment, Vijaya Hills Road, Lakdi ka Pool, Hyderabad, Telangana-500004, have inter alia, considered and approved the following:- 1. Un-audited Financial Results for the quarter ended 30® June, 2026 2. Limited Review Report for the quarter ended 30" June, 2026 3. Resignation of Company Secretary cum Compliance Officer. You are requested to kindly acknowledge the receipt of the same. Thanking you, Yours faithfully, For and On Behalf of Union Quality Plastics Limited KAVITHA DEVI S5ess Kavitha Devi Company Secretary cum Compliance Officer Place: Hyderabad Date: 14™ August, 2026 H.0.: H No. 6-3-244/5, Sarada Devi Street, SAGAR & ASSOCIATES Pich Nagar, Hyderab- ad 500004 Phone: 040-2339 5588, 2330 3371 CHARTERED ACCOUNTANTS Website: sagarca.com E-Mail: sagarandassociates@yahoo.co.in GST No: TS - 36AAJFS729152N8 AP - 37AAJFS7295N2Z5 Independent Auditor’s Limited Review Report on unaudited quarter ended June 30, 2026 financial information of Union Quality Plastics Limited The Board of Directors Union Quality Plastics Limited Hyderabad 1. We have reviewed the accompanying statement of Audited Financial Results (“the Statement™) of Union Quality Plastics Limited (“the Company™) for the quarter and nine months ended on 30" June. 2026 being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations. 2015 as amended (“the Regulations™), read with Circular No. CIR/CFD/CMD1/44/2019 dated 29" March, 2019 (“the Circular™). 2. The Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Dircctors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Statements™ (“Ind AS 347), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. w We conducted our review of the Statement in accordance with Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity™, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatements. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. B.O.: Flat No. FF-3, H No 40-6-2, Goteti Apartment, Kandari Hotel Street, Krishna Nagar, Vijayawada — 520 010 H.No.47-11-27/51, 2nd Floor, Arunodaya Complex, 1st Lane, Dwarakanagar, Visakhapatnam — 530 016 B.O.: No. 4, Poes Road, 4th Street, Teynampet, Chennai — 600 018 B.0.: Ground Floor, Plot N0.92, 15t Street, Sri Srinivasa Nagar, Near Accord School, Chiguruwada, Tirupati Rural Mandal, Tirupati, Andhra Pradesh — 517 507 4. Basis for Qualified Conclusion i Rs. 249.04 lakhs are the amount of Sundry Debtors outstanding for period exceeding three years out of which provision of Rs. 219.26 lakhs had been made in earlier years as expected credit loss. Receivables outstanding net of provisions is Rs. 29.78 lakhs. No provision has been made during the current quarter or previous year. In our opinion the company should provide for additional Expected Credit Loss (ECL) in respect of non -moving debtors. In the absence of confirmation and owing to long outstanding, we are unable to comment on the recoverability of the receivables. Rs. 63.06 lakhs is the amount of Closing Stock and not moving more than two years and the net Net Realisable Value (NRV) of the inventories are not determined by the company. In the absence of determination of NRV and also due to slow moving nature, we are unable to comment on appropriateness of the inventory. iii. Rs. 255.00 lakhs is the amount of Sundry Creditors outstanding for period exceeding three years. No Confirmation has been received from the Creditors. In the absence of such Confirmations from the Creditors we are not in a position to determine its impact on the Financial Statements. Other current Assets Rs. 429.75 lakhs comprise of a. Rs. 419.25 lakhs transferred to Ikon Associates during the year a related party as an Advance, but the nature of transaction and terms & conditions not available on record. b. Rs. 10.50 lakhs is balance receivable from Gopinath Enterprise Private Limited towards sale for which terms of receipt not on record. Rs. 1.58 lakhs is the closing balance comprising of seven bank accounts, out of which one bank statement provided to us for verification is Rs. 0.20 lakhs only. We have not been provided with remaining six bank statements or confirmations from the bankers for the balance amount Rs. 1.38 lakhs. Hence, we are unable to express our opinion on this concern. Vi Rs. 14.30 lakhs is outstanding balance of Fixed deposits with City Bank. No Confirmation has been received from the Bank. In the absence of such Confirmations from the Bank we are not in a position to determine its impact on the Financial Statements. vii. Rs. 87.78 lakhs is long outstanding balance of other Financial Assets which comprises of EMDs and Tender deposits. No provision provided in this regard. viii. Company has accumulated losses and its net worth has been fully eroded. the Company has incurred a net loss/net cash loss during the current quarter and previous years and, the Company’s current liabilities exceeded its current assets as at the review date. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. 5. Qualified Conclusion Based on our review conducted as above, except for the matters described in the Basis for qualified conclusion above, nothing has come to our attention that causes us to believe that the accompanying statement of audited financial results read with notes thereon, prepared in accordance with applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to disclosed. or that it contains material misstatement. For Sagar & Associates Chartered Accountants FRN. 0035108 Partner S Membership No. 202352 UDIN:26202352VUODUX7880 Place: Hyderabad Date: 13.08.2026 UNION QUALITY PLASTICS LIMITED 2 9] e 301076 tatementof unaudites inancial results Tor the quarter ended Particulars Quarter Ended Ouarter Ended Quarter anded Your Fuded SNo 30,06 26 11,01 2020 30 06 26 101 2020 Un Audited Un Audited Un Audited Audited Income a) Revenue from Operations Total Revenue from operations b) Other Income Total Income 60400 “604 00 [Showing first 8,000 characters — download PDF for full document]