Universus Photo Imagings Secures Legal Victory as NCLAT Dismisses Shareholder Appeal
April 16, 2026
Universus Photo Imagings Limited has achieved a significant legal victory with the NCLAT allowing withdrawal of an appeal by shareholder Mr. Ankit Jain during proceedings held on 16th April 2026. The appellate tribunal dismissed the appeal as withdrawn, ensuring the original NCLT order dated 15th October 2025 in favour of the company remains operative. This development concludes the legal dispute and provides certainty for the company's operations while maintaining compliance with SEBI disclosure requirements.
Universus Photo Imagings Limited has secured a decisive legal victory following the National Company Law Appellate Tribunal's decision to allow the withdrawal of an appeal filed against the company. The development marks the conclusion of a legal dispute that has been ongoing since October 2025.
Legal Proceedings Timeline
The legal matter originated when the National Company Law Tribunal, Allahabad Bench dismissed a petition filed by Mr. Ankit Jain, a shareholder of the company, through its order dated 15th October 2025. The NCLT had decided the matter in favour of Universus Photo Imagings Limited at that time.
Legal Milestone: Details Original NCLT Order: 15th October 2025 NCLT Decision: In favour of the company Appeal Filed: By Mr. Ankit Jain to NCLAT NCLAT Proceedings: 16th April 2026 Final Outcome: Appeal dismissed as withdrawn
NCLAT Decision and Implications
During the proceedings held on 16th April 2026, the Hon'ble NCLAT allowed the withdrawal application filed by Mr. Ankit Jain seeking withdrawal of his appeal. Consequently, the appellate tribunal dismissed the said appeal as withdrawn, bringing the legal dispute to a close.
The dismissal of the appeal by the NCLAT ensures that the order dated 15th October 2025 passed by the NCLT Allahabad in favour of the company continues to remain operative. This provides legal certainty and validates the company's position in the disputed matter.
Regulatory Compliance
The company has disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Universus Photo Imagings Limited has indicated that while a formal order is yet to be received, the company will ensure due compliance with all directions contained in the said order once received.
The disclosure was made as a matter of abundant caution to ensure transparency with stakeholders and regulatory authorities. The company has committed to providing the required disclosure of the formal order as soon as it is received from the NCLAT.
Universus Photo Imagings Limited has filed its quarterly compliance certificate with stock exchanges, demonstrating adherence to regulatory requirements for the fourth quarter of fiscal year 2026.
Regulatory Filing Details
The company submitted its compliance certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 on April 13, 2026. The filing was addressed to both the National Stock Exchange of India Limited and BSE Limited, covering the quarter ended March 31, 2026.
Filing Parameter: Details Filing Date: April 13, 2026 Quarter Covered: Q4 FY26 (January 1 - March 31, 2026) Regulation: SEBI Regulation 74(5) Document Type: Compliance Certificate
Registrar Confirmation
KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 6, 2026. The registrar confirmed compliance with all dematerialization procedures during the specified quarter period.
The registrar's certificate confirms that during the period from January 1, 2026 to March 31, 2026, all demat requests were processed within the stipulated 15-day timeframe. Key compliance activities included:
Confirmation of demat requests (approved/rejected)
Verification that securities were listed on appropriate stock exchanges
Proper mutilation and cancellation of physical certificates
Substitution of depository names in the register of members for approved requests
Corporate Information
Universus Photo Imagings Limited, formerly known as Jindal Photo Imaging Limited, operates with its corporate office located at Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kunj, New Delhi. The filing was signed by Company Secretary Suresh Kumar, bearing ACS number 41503.
Corporate Details: Information CIN: L22222UP2011PLC103611 Former Name: Jindal Photo Imaging Limited Corporate Office: New Delhi Company Secretary: Suresh Kumar (ACS: 41503)
The compliance certificate filing ensures transparency and adherence to regulatory frameworks governing depositories and participant operations, maintaining the company's good standing with market regulators and stock exchanges.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.
Legal Proceedings Timeline
The legal matter originated when the National Company Law Tribunal, Allahabad Bench dismissed a petition filed by Mr. Ankit Jain, a shareholder of the company, through its order dated 15th October 2025. The NCLT had decided the matter in favour of Universus Photo Imagings Limited at that time.
Legal Milestone: Details Original NCLT Order: 15th October 2025 NCLT Decision: In favour of the company Appeal Filed: By Mr. Ankit Jain to NCLAT NCLAT Proceedings: 16th April 2026 Final Outcome: Appeal dismissed as withdrawn
NCLAT Decision and Implications
During the proceedings held on 16th April 2026, the Hon'ble NCLAT allowed the withdrawal application filed by Mr. Ankit Jain seeking withdrawal of his appeal. Consequently, the appellate tribunal dismissed the said appeal as withdrawn, bringing the legal dispute to a close.
The dismissal of the appeal by the NCLAT ensures that the order dated 15th October 2025 passed by the NCLT Allahabad in favour of the company continues to remain operative. This provides legal certainty and validates the company's position in the disputed matter.
Regulatory Compliance
The company has disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Universus Photo Imagings Limited has indicated that while a formal order is yet to be received, the company will ensure due compliance with all directions contained in the said order once received.
The disclosure was made as a matter of abundant caution to ensure transparency with stakeholders and regulatory authorities. The company has committed to providing the required disclosure of the formal order as soon as it is received from the NCLAT.
Universus Photo Imagings Limited has filed its quarterly compliance certificate with stock exchanges, demonstrating adherence to regulatory requirements for the fourth quarter of fiscal year 2026.
Regulatory Filing Details
The company submitted its compliance certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 on April 13, 2026. The filing was addressed to both the National Stock Exchange of India Limited and BSE Limited, covering the quarter ended March 31, 2026.
Filing Parameter: Details Filing Date: April 13, 2026 Quarter Covered: Q4 FY26 (January 1 - March 31, 2026) Regulation: SEBI Regulation 74(5) Document Type: Compliance Certificate
Registrar Confirmation
KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 6, 2026. The registrar confirmed compliance with all dematerialization procedures during the specified quarter period.
The registrar's certificate confirms that during the period from January 1, 2026 to March 31, 2026, all demat requests were processed within the stipulated 15-day timeframe. Key compliance activities included:
Confirmation of demat requests (approved/rejected)
Verification that securities were listed on appropriate stock exchanges
Proper mutilation and cancellation of physical certificates
Substitution of depository names in the register of members for approved requests
Corporate Information
Universus Photo Imagings Limited, formerly known as Jindal Photo Imaging Limited, operates with its corporate office located at Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kunj, New Delhi. The filing was signed by Company Secretary Suresh Kumar, bearing ACS number 41503.
Corporate Details: Information CIN: L22222UP2011PLC103611 Former Name: Jindal Photo Imaging Limited Corporate Office: New Delhi Company Secretary: Suresh Kumar (ACS: 41503)
The compliance certificate filing ensures transparency and adherence to regulatory frameworks governing depositories and participant operations, maintaining the company's good standing with market regulators and stock exchanges.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.