Union Quality Plastics Ltd — Results, 08-08-2025: Result

Union Quality Plastics Limited's auditor has issued a qualified opinion on the company's financial results for the year ended March 31, 2025. Key concerns highlighted include significant long-outstanding trade receivables of ₹1.36 Cr, unverified sundry creditors of ₹3.97 Cr, and ₹1.58 Cr of non-moving inventory. Additionally, an advance of ₹4.19 Cr to a related party lacks proper documentation. The audit report also raises substantial doubt about the company's ability to continue as a going concern due to accumulated losses, eroded net worth, and current liabilities exceeding assets. Management is working to address these issues.