SJP Ultrasonics Ltd.
PROSPECTUS · filed 30 Sept 2026
SJP Ultrasonics Ltd. is a manufacturer of Plastic Joining Solutions and Industrial Automation products. The company's financial condition is supported by a low debt-to-equity ratio of 0.13, but it faces significant risks regarding compliance with the Employees Provident Fund and Employees State Insurance Acts, which were not registered until June 2024. Additionally, the company has experienced delays in filing statutory forms and has not complied with certain provisions of the Companies Act, 2013, exposing it to potential penalties.
What stands out
Criminal proceedings disclosed. The Company availed a business loan of ₹20.20 lakhs from InCred Financial Services Limited in July 2018. Due to working capital constraints, the Company defaulted on its repayment obligations. Consequently, InCred initiated two proceedings — CS/56789/2019 and CS/56871/2019 — before the Ld. Metropoli
Risk factor. Any decline in revenue from the Plastic Joining Solutions and Industrial Automation segments could adversely affect the business, results of operations and financial condition.
Risk factor. The Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15, 2024, violating its provisions, and may be subject to fines, penalties, or imprisonment for directors.
Risk factor. The Company was not registered under the Employees State Insurance Act, 1948 until June 15, 2024, violating its provisions, and may be subject to fines, penalties, or imprisonment for directors.
Low leverage. Debt-to-equity of 0.13x.
How the offer is structured
- Funding Capital Expenditure towards the Purchase of Machineries₹13.2 Cr
- Funding working capital requirements of the Company₹4.9 Cr
- General Corporate Purpose₹3.0 Cr
Promoters, litigation & related parties
Promoter (pre)
79.5%
Promoter (post)
58.0%
Proceedings
2
The Company availed a business loan of ₹20.20 lakhs from InCred Financial Services Limited in July 2018. Due to working capital constraints, the Company defaulted on its repayment obligations. Consequently, InCred initiated two proceedings — CS/56789/2019 and CS/56871/2019 — before the Ld. Metropolitan Magistrate, West Bengal.
Risks the company discloses
Any decline in revenue from the Plastic Joining Solutions and Industrial Automation segments could adversely affect the business, results of operations and financial condition.(Business Related Risks)
The Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15, 2024, violating its provisions, and may be subject to fines, penalties, or imprisonment for directors.(Internal Risk Factors)
The Company was not registered under the Employees State Insurance Act, 1948 until June 15, 2024, violating its provisions, and may be subject to fines, penalties, or imprisonment for directors.(Internal Risk Factors)
High trade receivables as a percentage of revenue from operations may adversely impact the Company's working capital cycle, liquidity position and cash flows.(Business Related Risks)
The Company has experienced significant delays in filing statutory forms with the Registrar of Companies (RoC), including MGT-14, DPT-3, AOC-4, CHG-1, and PAS-3, and may be subject to penalties.(Internal Risk Factors)
The Company has not filed Form CHG-1 for a past loan, which involved noncompliance with Section 77 of the Companies Act, 2013, and is subject to penalty.(Internal Risk Factors)
The Company has not complied with the provisions of the EPF Act and ESIC Act, including failing to pay applicable contributions, and may be liable for increased contributions for the defaulting period.(Internal Risk Factors)
The Company has failed to comply with the provisions of the Companies Act, 2013 regarding certain corporate actions, and may be subject to penalties by regulatory authorities.(Internal Risk Factors)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.

