Union Quality Plastics Ltd Directors Report

Dear Members,

Your directors have pleasure in presenting the 42ndAnnual Report of Union Quality Plastics Limited together with the audited financial statements for the year ended March 31, 2026.

1. Financial Results

The Companys financial performance for the year ended March 31, 2026 is summarized below:

(Rs. In lakhs)

	2025-26	2024-25
Revenue from Operations	Nil	Nil
Operating expenditure	10.46	210.91
Earnings before interest, tax, depreciation and amortization (EBITDA)	(10.46)	(210.91)
Other income	0.18	604.00
Finance Cost	0.01	0.35
Depreciation and amortization expense	5.02	6.41
Profit before tax (PBT)	(15.30)	386.33
Tax expense	12.10	(10.84)
Profit /(Loss)after Tax (PAT)	(3.20)	(375.49)

2. Financials of the Company/ State of Affairs of Company

The Company do not have any revenue for Current and Past Year. Other income was Rs.0.18 lakhs as against Rs. 604.00 lakhs for the previous year. The Profit /(Loss) before Tax for the year was Rs. (15.30) lakhs as against Rs. 386.33 lakhs for the previous year. The Profit/(Loss) after Tax for the year was Rs. (3.20) lakhs as compared to Rs. (375.49) lakhs in the previous year.

Accounting Treatment

As per the provisions of Companies Act, 2013 read with rules made thereunder, the company has implemented the Indian Accounting Standards for preparing the Financial Statements.

There are no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of the report.

Capital Structure

The authorized share capital of the Company is Rs. 7,00,00,000/- comprising of 70,00,000 equity shares of Re. 10/- each. Further, the paid-up equity share capital of the Company is Rs. 6,92,63,810/- divided into 69,26,381 equity shares of Re.10/- each. During the year under review, there was no change in the capital structure of the Company.

During the financial year 2025-2026 there is no Issue of Shares under ESOP/ Sweat Equity Shares / Bonus Shares /Issue of Shares with differential rights as to dividend, voting or otherwise/Buy-back of Shares/ any other kind of issue or allotment of shares or other convertible securities.

3. Transfer To Reserves

During the financial year 2025-26 the company did not transfer any amount to Reserves.

4. Dividend

The Board of Directors had not recommended any dividend for this financial year 2025-26.

5. Deposits / Loans & Advances, Guarantees or Investments

Your Company has not accepted any deposits and as such, no amount of principal or interest was outstanding as of the Balance Sheet date.

During the year under review, the company has not given any loan or provided guarantee or made any investments covered under the provisions of section 186 of the Companies Act, 2013 (Act).

6. Internal Financial Control Systems and Their Adequacy

The Company has adequate system of internal controls to safeguard and protect from loss, unauthorized use or disposition of its assets. All the transactions are properly authorized, recorded and reported to the Management. The Company is following all the applicable Accounting Standards for proper maintenance of books of accounts and for financial reporting.

7. Related Party Transactions

There is no related party transaction during the Financial Year 2025-26 to be reported under section 188 of the Companies Act, 2013.

8. Change in the Nature of Business, if any

There is no change in the nature of business affecting the financial position of the Company for the year ended March 31, 2026.

9. Subsidiary Company, Joint Venture and associate

The company does not have any Subsidiary or Joint Venture or associate company.

10. Directors and Key Managerial Personnel

During the financial year 2025-2026 the following changes occurred in Directors and Key Managerial Personnel:

Mr. Venkata Satya Sesha Sai Musunuri, Chief Financial was relieved from his duties with effect from 14.08.2025. Subsequently, Mr. Datta Prasad was appointed as the Chief Financial Officer of the Company with effect from 14.08.2025.

Mr. Karthik Singh Javvari K (DIN: 08082707), retires as Director by rotation at the ensuing Annual General Meeting and, being eligible, does not offer himself for re-appointment.

Mr. Javeri Kapisha Udaya Kumar Singh (DIN: 10872040) was appointed as an Additional director effective from 08.09.2026 and was further appointed as managing director with effect from 16.09.2026 for a period of 5 years. As additional director holds office upto the date of ensuing Annual General Meeting, he being eligible offered himself for reappointment, it was proposed to appoint him as director. It was further proposed to obtain members approval for h is appointment as managing director. For the perusal of the shareholders, a brief resume of the

Director being re-appointed along with necessary particulars is given in the explanatory statement to the notice.

Statement on the declaration given by the Independent Directors as per Section 149(6)

The company has received necessary declaration from each independent director under Section 149(7) of the Companies Act, 2013, that he /she meets the criteria of independence laid down in Section 149(6) of the Companies Act, 2013, and Regulation 25 read with Regulation 16(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Directors have complied with the Code for Independent Directors prescribed in Schedule IV to the Act.

It is hereby declared that in the opinion of the Board, each independent director appointed is aperson of integrity and possesses all the relevant expertise and experience (including proficiency).

11. Policy on Directors Appointment and Remuneration and Other Details

The Nomination and Remuneration Committee (‘the committee) comprises two independent directors and one Non-Executive Director as on March 31, 2026. Mr. Sudhakar Reddy Pesaladinne, Independent Director, Member and Chairperson, Mr. GunjarlaRamu, Independent Director as Member, Mr. Karthik Singh Javvari K, Member. The committee is constituted as per the provisions of Companies Act, 2013 read with rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, amended from time to time. There was no change in the constitution of the Committee during the financial year 2025-26.

During the period under review the Committee met one time i.e., on 04.09.2025. The Chairman of the Nomination and Remuneration Committee was present at the last Annual General Meeting.

Remuneration Policy

The policy of the company on remuneration, including criteria for determining qualifications, positive attributes, independence of a director and other matters, is as required under sub- section (3) of Section 178 of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. There has been no change in the policy since the last fiscal year. The remuneration paid to the directors, key managerial personnel and other employees is as per the terms laid out in the nomination and remuneration policy of the Company. The detailed policy is posted on the website of the company www.uqpl.org. Following are the salient features of the policy:

• Identifying and selection of candidates for appointment as Directors / Independent Directors based on certain laid down criteria

• Identifying potential individuals for appointment as Key Managerial Personnel and to other Senior Management positions

• Formulate and review from time to time the policy for selection and appointment of Directors, Key Managerial Personnel and senior management employees and their remuneration.

• Review the performance of the Board of Directors and Key Managerial Personnel based on certain criteria as approved by the Board. In reviewing the overall remuneration of the Board of Directors and Key Managerial Personnel, the Committee ensures that the remuneration is reasonable and sufficient to attract, retain and motivate the best managerial talent, the relationship of remuneration to performance is clear and meets appropriate performance benchmarks and that the remuneration involves a balance between fixed and incentive pay reflecting short term and long term objectives of the Company.

Details of remuneration to all the directors

a) The details of remuneration paid to all the Directors for 2025-26 is given below:

(Amount in Rs.)

Name of the Director	Salary	Provident fund, Superannuation fund and other perquisites	Sitting Fees	Total
Jeethendra Singh Goud	Nil	Nil	Nil	Nil
J K Karthik Singh	Nil	Nil	Nil	Nil
Sudhakar Reddy Pesaladinne	Nil	Nil	Nil	Nil
GunjarlaRamu	Nil	Nil	Nil	Nil
JaweriPotival Kiran Bai	Nil	Nil	Nil	Nil

b) Stock option details, if any, and whether the same has been issued at a discount as well as the period over which accrued and over which exercisable- NIL

12. Number of Meetings of the Board

During the period under review the board met Five times. The dates on which the Meetings were held are30.05.2025, 14.08.2025, 04.09.2025, 14.11.2025 and 14.02.2026.

Meetings of Independent Directors

The Independent Directors had a meeting on 14.02.2026. All the Independent Directors were present at the Meeting.

13. Board Evaluation

Performance Evaluation of Board, Committees, Individual Directors and Independent Directors.

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board carried out an annual performance evaluation of its own performance, the Directors as well as the evaluation of the working of its Audit, Nomination and Remuneration and Stakeholders Relationship Committees. Independent Directors carried out a separate evaluation on the performance of Chairman and non-Independent directors. The manner in which the evaluation has been carried out is explained below;

The evaluation took into consideration the inputs received from the Directors, covering various aspects of the Boards functioning such as adequacy of the composition of the Board and its Committees, Board culture, delineation of responsibilities to various Committees, effectiveness of Board processes, information and functioning, execution and performance of specific duties, obligations and governance the Company and its stakeholders. It was observed that the Board played a vital role in formulation and monitoring of policies.

The evaluation in respect of the committees took into consideration covering various aspects of the Committees functioning such as, whether the amount of responsibility delegated by the Board to each of the committees is appropriate, the committees take effective and proactive measures to perform its functions, the reporting by each of the Committees to the Board is sufficient etc. It was observed that the Board had constituted sufficient committees wherever required with well-defined terms of reference whose composition was in compliance with the legal requirements and their performances were reviewed periodically. It was found that the Committees gave effective suggestion and recommendation to the Board.

The performance evaluation of the Chairman and the Non-Independent Directors was carried out by the Independent Directors at a separate meeting held on 14.02.2026. The evaluation also assessed the quality, quantity and timeliness of the flow of information between the management and the Board that were necessary for it to effectively and reasonably perform its duties. It was observed that the Chairman and the Non-Independent Directors discharged their responsibilities in an effective manner.

The Board evaluated the performance of Independent Directors and Individual Directors considering various parameters such as their familiarity with the Companys vision, policies, values, code of conduct, their attendance at Board and Committee Meetings, whether they participate in the meetings constructively by providing inputs and provide suggestions to the Management/Board in areas of domain expertise , whether they seek clarifications by raising appropriate issues on the presentations made by the Management/reports placed before the Board, practice confidentiality, etc. It was observed that the Directors discharged their responsibilities in an effective manner. The Directors possess integrity, expertise and experience in their respective fields.

During the year, all recommendations made by the committee were approved by the Board.

14. Audit Committee

The Audit Committee (“the Committee”) comprises two Independent Directors and one Non- Executive Non-Independent Director as on 31st March, 2026, namely Mr. Sudhakar Reddy Pesaladinne, Independent Director, Member and Chairman, Mr. GunjarlaRamu, Independent Director as Member, Mr. Karthik Singh Javvari K, Member. The Committee is constituted in accordance with the provisions of the Companies Act, 2013 read with the Rules made thereunder and the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. There was no change in the constitution of the Committee during the financial year 2025-26.

During the period under review the Committee met Five times i.e., on 30.05.2025, 13.08.2025, 04.09.2025, 14.11.2025 and 14.02.2026. The Chairman of the Audit Committee was present at the previous Annual General Meeting.

The Statutory Auditors and the Internal Auditors of the Company were invited to attend the Audit Committee Meeting. Mr. Jeethendra Singh Goud, Managing Director, and the Chief

Financial Officer were also invited to attend the Audit Committee Meeting. The Company Secretary acts as the secretary to the committee.

15. Stakeholders Relationship Committee

The Stakeholders Relationship Committee (‘the committee) comprises Two independent director and one Non-Executive Director as on March 31, 2026 Mr. Sudhakar Reddy Pesaladinne, Independent Director, Member and Chairperson, Mr. GunjarlaRamu, Independent Director as Member, Mr. Karthik Singh Javvari K, Member. The committee is constituted as per the provisions of Companies Act, 2013 read with rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, amended from time to time. There was no change in the constitution of the Committee during the financial year 2025-26.

During the period under review the Committee met two times i.e., on 30.05.2025 and 14.11.2025. The Chairman of the Stakeholders Relationship Committee was present at the previous Annual General Meeting.

16. Auditors Statutory Auditors

At the Annual General Meeting (AGM) held on September, 26, 2022, M/s. Sagar & Associates., (Firm registration No. 003510S), Chartered Accountants, Hyderabad, were appointed as Statutory Auditors of the company to hold office till conclusion of the AGM to be held in the calendar year 2027, for a First term of five consecutive years. The Ministry of Corporate Affairs vide its notification dated 07th May, 2018, has done away with the requirement of yearly ratification of appointment of Statutory Auditors, at the AGM.

The Boards reply on Auditors comments:

1. Sundry Debtors:

Out of Rs. 55.57 lakhs, Rs. 54.67 lakhs belong to Madhya Pradesh Government. We are pursuing with Horticulture department. It may be settled within 6 months. Further, for the balance outstanding receivables, we are pursuing the matter with the concerned parties.

2. Closing Stock:

The non-moving Closing Stock of Rs. 158.06 lakhs is the dead stock. We are slowly selling out the said stock with loss and it will be closed as early as possible.

3. Sundry Creditors:

The outstanding Sundry Creditors will be settled during the financial year 2026-27.

4. Other Current Assets:

The Company has entered into Business Contract with the said Parties.

5. Bank Statements:

Out of the said Seven Bank accounts, six Bank accounts are closed long back. We cannot get Bank Statements as no transactions with those Banks. Only one Bank Account is in operation.

6. Fixed Deposit with Bank:

This is a fixed deposit available with City Co-operative Bank. The loan taken by the Company was already cleared. However, the Bank kept the above fixed deposit in hold. City Bank is not responding in this regard whenever approached. The Company proposes to sort-out the issues if any with City Co-operative Bank and clear-off the fixed deposit during the current Financial Year.

7. Other Financial Assets:

The long outstanding balance and other financial assets total worth Rs. 87.78 Lakhs pertain to Government departments. We are pursuing this matter with concerned departments and expecting to realize most of them during the current Financial Year. As the outstanding amounts are realizable, provision were not made.

8. Net worth:

The long outstanding balance and other financial assets total worth Rs. 87.78 Lakhs pertain to Government departments. We are pursuing this matter with concerned departments and expecting to realize most of them during the current Financial Year. As the outstanding amounts are realizable, provision were not made.

Secretarial Audit

M/s. Atluri Ramesh & Associates, Company Secretaries, Hyderabad, were appointed as the Secretarial Auditors of the Company to conduct the Secretarial Audit of the Company. The Secretarial Audit Report is given in Annexure-1.

Management reply for the Secretarial Auditor Qualifications:

The Board has taken note of the qualifications/reservations made by the Secretarial Auditor. The Company submits that it is in the process of updating its website and completing the pending preferential allotment-related compliance with the NSDL authorities.

With respect to the non-reconciliation of the Register of Members and the pending/delayed filings, the Company submits that, due to certain technical and administrative issues, certain forms and requisite information could not be filed with the MCA, BSE, NSDL within the prescribed timelines. The Company is taking necessary steps to complete the pending filings and regularise the compliances at the earliest.

Further, the Management shall take necessary steps to ensure compliance with the applicable requirements relating to the registration of Independent Directors with the Indian Institute of Corporate Affairs (IICA).

The Management has informed us that the necessary steps for reconciliation and updating of the Register of Members, as well as completion of the pending compliances relating to the aforesaid preferential allotment, are under process.

The Company is committed to strengthening its compliance processes and ensuring timely compliance with the applicable statutory and regulatory requirements.

Internal Auditors

In terms of the provisions of Section 139 of the Act and based on the recommendation of Audit Committee, the Board of Directors at their meeting held on 30.05.2025 re-appointedMr. Sayed Shahnawaz Nazir, as the Internal Auditors of the Company for the financial years 2025-2026. Mr. Sayed Shahnawaz Nazir, has confirmed his willingness to be re-appointed as the Internal Auditors of the Company. Further, the Audit Committee in consultation with Internal Auditors, formulated the scope, functioning, periodicity methodology for conducting the internal audit.

17. Directors Responsibility Statement

In terms of Section 134(5) of the Companies Act 2013, your Directors would like to state that:

a. In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

b. The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended March 31, 2026 and the profit of the Company for that financial year;

c. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d. The Directors have prepared the Annual Accounts on a going concern basis.

e. The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and operating effectively.

f. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

18. Details in respect of frauds reported by auditors under sub-section (12) of section 143 other than those which are reportable to the Central Government-NIL

19. Conservation Of Energy, Technology Absorption, Foreign Exchange Earnings And Outgo

Conservation of Energy:

The nature of the Companys operations requires a low level of energy consumption.

Research and Development (R&D):

The Company continues to look at opportunities in the areas of research and development in its present range of activities.

Technology Absorption:

The Company continues to use the latest technologies for improving the productivity and quality of its services. The Company has not imported any technology during the year.

Foreign Exchange Earnings and Outgo:

The foreign exchange used and earned during the year:

Particulars	Current Period	Previous Period
Foreign Exchange Earning	--	--
Foreign Exchange Outgo	--	--

20. Particulars of Employees

(a) The information required under section 197 of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in Annexure-2.

(b) The information required under Section 197(12) of the Companies Act, 2013 (“the Act”) read with Rule 5(2) & of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this Report. However, pursuant to first proviso to Section 136(1) of the Act, this Report is being sent to the Shareholders excluding the aforesaid information. Any shareholder interested in obtaining said information, may write to the Company Secretary at the Registered Office of the Company and the said information is available for inspection.

21. Extract of Annual Return

In accordance with Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2026, is available on the website of the Company website at www.uqpl.org.

22. Risk Management

Pursuant to section 134 (3) (n) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has formulated a policy on risk management. The Board regularly discusses the significant business risks identified by the Management and the mitigation process being taken. The Company has an adequate risk management framework to identify, monitor and minimize risks as also identify business opportunities. At present the company has not identified any element of risk which may threaten the existence of the company.

23. Vigil Mechanism / Whistle Blower Policy

Pursuant to Section 177 of the Companies Act, 2013 read with Rule 7 of Companies (Meetings of Board and its Powers) Rules, 2014 and SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the Company has established a Whistle Blower Policy to deal with instance(s) of fraud and mismanagement, if any. The Whistle Blower

Policy ensures that strict confidentiality is maintained whilst dealing with concerns and also that no discrimination will be meted out to any person for a genuinely raised concern. Employees may also report to the Chairman of the Audit Committee. During the year under review, there were no complaints received by the Audit Committee under the provisions of Whistle Blower. The details of the Whistle Blower Policy is posted on the website of the Company www.uqpl.org.

24. Compliance with Secretarial Standards

The Company has complied with the applicable mandatory Secretarial Standards.

25. Cost Records

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148 (1) of the Companies Act, 2013 are not applicable for the business activities of the Company.

26. Corporate Social Responsibility (CSR)

The provisions relating to Corporate Social Responsibility under the Companies Act, 2013 do not apply to the company.

27. Prevention of Sexual Harassment

The Company has in place a Policy on Prevention of Sexual Harassment in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition &Redressal) Act, 2013. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

The Company has not constituted Internal Complaints Committee (ICC) as there was only one woman employee.

Your Directors further state that during the year under review, no complaints were received pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the financial year under review, the number of complaints received, disposed of and pending for more than ninety days are as under:

Particulars	No. of Complaints
Number of complaints received during the year	Nil
Number of complaints disposed of during the year	Nil
Number of complaints pending for more than 90 days	Nil

28. Maternity Benefits

The provisions of the Maternity Benefit Act, 1961 are not applicable to the Company as the number of employees of the Company is below the prescribed threshold under the applicable provisions of the said Act.

29. Prevention of Insider Trading

As per SEBI (Prohibition of Insider Trading) Regulation, 2015, the Company has adopted a Code of Conduct for Prevention of Insider Trading. The Company has appointed the

Company Secretary as Compliance Officer, who is responsible for setting forth procedures and implementation of the code for trading in Companys securities. During the year under review, there has been due compliance with the said code of conduct for prevention of insider trading.

30. The details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future

In terms of sub rule 5(vii) of Rule 8 of Companies (Accounts) Rules, 2014, there are no significant material orders passed by the Regulators / Courts which would impact the going concern status of the Company and its future operations.

31. The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year-Nil

32. The details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof -Nil

33. Application under Insolvency and Bankruptcy Code, 2016

The Company has not made any application under the Insolvency and Bankruptcy Code, 2016 during the Financial Year 2025- 2026.

34. Details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the banks or financial institutions along with the reasons thereof:

The Company has not made any such valuation during the Financial Year 2025- 2026.

35. Credit Rating of Securities-Not Applicable

36. Management Discussion & Analysis and Corporate Governance

The "Management Discussion and Analysis Report" highlighting the industry structure and developments, opportunities and threats, future outlook, risks and concerns etc. is furnished separately and forms part of this Boards Report.

a. Industry Structure and Developments:

The industry is dependent on performance of core sectors like agriculture, fertilizer, cement andexports. The policy changes in infrastructure and good monsoon during the year will lead towardsthe brighter future of the Company.

b. Opportunities and Threats:

The HDPE/PP Woven Sacks/Bags industry as a whole will be benefited by 40% relaxation of JuteMandatory and Packaging Order which will be enable Food Corporation of India and otheragencies to pack 40% of food grains in HDPE/PP Bags. HDPE/PP Bags sector is the biggestsector in India for packaging. The Company has successfully initiated its efforts for increasingexports and has set a target of exporting 80 % of its production.

c. Segment wise Performance:

The Company is operating only in one segment. The production/ turnover/performance of theCompany have been disclosed in the Directors Report under the Head ‘Production, Sales andWorking Results.

d. Recent Trend and Future Outlook:

The recent trend is quite favourable for the industry in view of good monsoon as the Companyhas sizable presence in fertilizer sector. The opening up of food grains sector will enable theWoven Sacks industry to see better times again.

e. Risks and Concerns:

The industry is plagued by intense competition due to major petrochemical manufacturers makingavailable cheap raw material abundantly. Volatility in raw material price due to crude price.

f. Internal Control Systems and their Adequacy:

The Company has adequate systems of Internal Controls commensurate with its size andoperations to ensure orderly and efficient conduct of business. These controls ensure safeguardingof assets, reduction and detection of fraud and error, adequacy and completeness of the accountingrecords and timely preparation of reliable financial information.

g. Financial Performance with respect to Operational Performance:

The financial performance of the Company for the year 2025-26 is described in the DirectorsReport under the head ‘Review of Operations.

h. Material Developments in Human Resources and Industrial Relations Front:

The Company has continued to give special attention to Human Resources/Industrial Relationsdevelopment. Industrial relations remained cordial throughout the year and there was no incidenceof strike, lock out etc.

i. Cautionary Statement:

Statement in this Management Discussion and Analysis Report, describing the Companysobjectives, estimates and expectations may constitute ‘Forward Looking Statements within themeaning of applicable laws or regulations. Actual results might differ materially from those eitherexpressed or implied.

CORPORATE GOVERNANCE:

The paid-up equity share capital is below Rupees Ten Crore and Net Worth below Rupees Twenty-Five crore, as on the last day of the previous financial year i.e., as per Audited Financials of 31st March, 2025 of the company. As per the provisions of Regulation 15(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the compliance with the Corporate Governance provisions as specified in Regulations 17 to 27 and clauses (b)

to (i) and (t) of sub-regulation (2) of Regulation 46 and para-C, D and E of Schedule V shall not apply; therefore, the Corporate Governance Report is not Annexed in the Annual Report.

The Company is complying with all the applicable provisions of Companies Act, 2013 read with rules made thereunder, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other statutory regulations.

Pursuant to provisions of Schedule V (A) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the compliance with Related Party Disclosure is given in notes to financial statement, pursuant to provisions of Schedule V (F), Disclosures with respect to demat suspense account/ unclaimed suspense account, the company does not have any demat suspense account/ unclaimed suspense account. There is no disclosure to be made by the company regarding certain types of agreements binding the company pursuant to Schedule V (G) read with under clause 5A of paragraph A of Part A of Schedule III of SEBI(Listing Obligations and Disclosure Requirement) Regulations, 2015.

37. Acknowledgments

Your Directors thank the investors, bankers, clients and vendors for their continued support. Your Directors place on record their appreciation for the valuable contribution made by the employees at all levels.

Date: 08.09.2026	For Union Quality Plastics Limited
Place: Hyderabad	Sd/- Sd/-
	JeethendraSingh GoudKiran Bai JaweriPpotival
	Managing Director Director
	DIN: 07678735DIN: 08082566