Universus Photo Imagings Ltd Company Summary

Universus Photo Image Limited, initially known as Jindal Photo Investments and Finance Limited was incorporated dated November 12, 2011 and a Certificate for Commencement of Business dated December 07, 2011, was issued by the Registrar of Companies, Ahmadabad. Thereafter, the name of the Company was changed from Jindal Photo Imaging Limited to Universus Photo Image Limited, vide Shareholders Resolution dated December 11, 2019 and a Fresh Certificate of Incorporation was obtained on December 12, 2019. The Company was incorporated for manufacturing, trading and selling of photographic and other imaging products.The Company is manufacturing, selling, distributing, converting and producing, X-Ray films and NTR films in Matt & Glossy finish films being used for photo albums, certificates, playing cards, gift cards, visiting cards, calendar, menu cards, wedding cards & modeling portfolio.

The Company has state of the art plant facility for manufacturing of X-Ray Films & other products at Dadra and Nagra Haveli. The unit holds monthly capacity of approximately 3 lakh sq.m. It procures Jumbo Rolls of the X-Ray films and slits them into different sizes at the packaging unit in Dadra.

The Photo Films Division of Jindal Poly Films Limited was demerged into the Company as a going concern during the year 2019-20 through the Scheme of Arrangement for Demerger. In terms of consideration, the Company allotted 1,09,46,604 Equity Shares of Rs. 10/- each, fully paid up, to the shareholders of Jindal Poly Films Limited in the ratio of 1:4 and the said Scheme became effective on December 20, 2020.

As a demerger of Photo Films business of Jindal Poly Films Limited into the company, resulting in the establishment of Universus Photo Imagings Ltd. This transition, effective from April 1st, 2019, also included the integration of Photographic products and related ventures under Universus Photo Imagings Ltd. Prior to this period, the Company was not engaged in any manufacturing or business activities.

Presently, the Company operates a cutting-edge manufacturing facility for X-Ray Films and other assorted products situated in Dadra (UT-Dadra and Nagar Haveli).