Universus Photo Imagings Ltd

Universus Photo Imagings Ltd

Universus Photo Image Limited initially known as 'Jindal Photo Investments and Finance Limited' was incorporated as a Public Limited Company under the Indian Companies Act 1956 pursuant to a Certificate of Incorporation 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 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. National Company Law Tribunal (NCLT) of Judicature Allahabad Bench vide their Order dated 09th December 2019 sanctioned the Scheme of Arrangement for demerger of Photo Films Business of Jindal Poly Films Limited (Demerged Undertaking). This Scheme is made in terms of provisions of Section 230 to 232 read with Section 66 and other relevant provisions of the Companies Act 2013 together read with 2(19AA) and other relevant provisions of the IT Act as applicable. The Resulting Company was set-up for carrying on the business of manufacturing selling distributing converting and producing medical equipment's x-ray films and devices computed radiography cassettes printers etc. The Scheme became effective upon filing of Certified Copies of the Orders of the National Company Law Tribunal of Judicature at Allahabad Bench with Registrar of Companies on 20th December 2019. Appointed Date as mentioned in the Scheme is 1st April 2019 inter alia provides for demerger of Photo Films Business of Jindal Poly Films Limited (Demerged Undertaking) into Resulting Company on a going-concern basis and upon the Scheme becoming effective the Demerged Undertaking shall stand transferred to and be vested in the Resulting Company as a going concern without any further deed or act together with all the properties assets rights liabilities benefits and interest therein subject to any existing lien or is pending which shall be deemed to be modified subject to the provisions of the Scheme.