<SEC-DOCUMENT>0001104659-24-116425.txt : 20241112
<SEC-HEADER>0001104659-24-116425.hdr.sgml : 20241112
<ACCEPTANCE-DATETIME>20241112081219
ACCESSION NUMBER:		0001104659-24-116425
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20241112
DATE AS OF CHANGE:		20241112
EFFECTIVENESS DATE:		20241112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL CORP /VA/
		CENTRAL INDEX KEY:			0000102037
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				540414210
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00652
		FILM NUMBER:		241443617

	BUSINESS ADDRESS:	
		STREET 1:		9201 FOREST HILL AVENUE
		STREET 2:		STONY POINT II BUILDING
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23235
		BUSINESS PHONE:		8043599311

	MAIL ADDRESS:	
		STREET 1:		9201 FOREST HILL AVENUE
		STREET 2:		STONY POINT II BUILDING
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23235

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNIVERSAL LEAF TOBACCO CO INC
		DATE OF NAME CHANGE:	19880314
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>tm2427991d1_nt10q.htm
<DESCRIPTION>NT 10-Q
<TEXT>
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<P STYLE="margin: 0pt">&nbsp;</P>

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    <TD STYLE="border-right: black 1pt solid; width: 40%; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED STATES</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 30%; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OMB APPROVAL</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P></TD>
    <TD STYLE="border-right: black 1pt solid; padding-bottom: 3pt; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.8pt">OMB Number:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;3235-0058</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.8pt">Expires:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;April
    30, 2025</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.8pt">Estimated average burden</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.8pt">hours per response ............ 2.50</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: middle; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>FORM 12b-25</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 6pt">
    <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">SEC FILE NUMBER</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">001-00652</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; vertical-align: middle; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTIFICATION OF LATE FILING</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; padding-bottom: 6pt; border-bottom: black 1pt solid">
    <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">CUSIP NUMBER</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">913456109</P></TD></TR>
  </TABLE>

<P STYLE="margin: 0pt">&nbsp;</P>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Check
    one):</I></FONT>&nbsp;</P></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form 10-K</P></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form 20-F</P></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form 11-K</P></TD>
    <TD STYLE="width: 13%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#120;</FONT> Form 10-Q</P></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-family: Wingdings">&#168;</FONT> Form 10-D</P></TD>
    <TD STYLE="width: 21%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form N-CEN</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 59.4pt"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT> Form N-CSR</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

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                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
               Period Ended:</FONT> <U>September 30, 2024&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15%"></TD><TD STYLE="width: 3%; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify; width: 82%">Transition Report on Form 10-K</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Transition Report on Form 20-F</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Transition Report on Form 11-K</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Transition Report on Form 10-Q</TD>
</TR></TABLE>


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    <TD STYLE="width: 15%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 21%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Transition Period Ended:</FONT></TD>
    <TD STYLE="width: 64%">
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
  <TR STYLE="font-size: 2pt; vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-size: 2pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="border: Black 1pt solid; padding: 5pt; width: 100%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Read Instruction (on back page) Before Preparing
    Form. Please Print or Type.</I></P>
    <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Nothing in this form shall be construed to imply that
    the Commission has verified any information contained herein.</B></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <TD STYLE="padding-bottom: 8pt; font-size: 10pt; width: 100%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="padding-bottom: 8pt; width: 100%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART I </B></FONT><B><FONT STYLE="font-size: 10pt">&mdash; REGISTRANT INFORMATION</FONT></B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">Universal Corporation</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Full Name of Registrant</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">N/A</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Former Name if Applicable</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">9201 Forest Hill Avenue</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 5pt; padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address of Principal Executive Office (Street and Number)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">Richmond, Virginia 23235</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 5pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">City, State and Zip Code</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PART
II </B></FONT><B>&mdash; RULES 12b-25(b) AND (c)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B> If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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    <TD STYLE="border-right: Black 1pt solid; padding-right: 3pt; padding-left: 5pt; width: 5%; font-size: 10pt; text-align: left"><FONT STYLE="font-family: Wingdings"></FONT></TD>
    <TD STYLE="padding-left: 5pt; text-align: left; vertical-align: top; width: 5%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0">(a)</P></TD>
    <TD STYLE="padding-left: 5pt; text-align: left; vertical-align: top; width: 90%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">The
    reason described in reasonable detail in Part III of this Form could not be eliminated without unreasonable effort or expense;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.75pt; text-align: left; text-indent: -18.45pt"></P>
    <P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: -18.7pt"></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 3pt; padding-left: 5pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-left: 5pt; text-align: left; vertical-align: top">(b)</TD>
    <TD STYLE="padding-left: 5pt; text-align: justify; vertical-align: top">The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth
calendar day following the prescribed due date; and</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 3pt; padding-left: 5pt; font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 5pt; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD>
    <TD STYLE="padding-left: 5pt; text-align: justify; vertical-align: top">The
    accountant&rsquo;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PART III
</B></FONT><B>&mdash; NARRATIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">State below in reasonable detail why Forms 10-K,
20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Universal Corporation (the &ldquo;Company&rdquo;)
is unable to file its quarterly report on Form 10-Q for the period ended September 30, 2024 (&ldquo;Second Quarter Form 10-Q&rdquo;) by
the prescribed date of November 12, 2024, without unreasonable effort and expense as explained below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In August 2024, after filing the Quarterly Report
on Form 10-Q for the quarter ended June 30, 2024, the Company&rsquo;s management was made aware of embezzlement by a former senior finance
employee at the Company&rsquo;s Mozambique subsidiary, Mozambique Leaf Tobacco Ltda. (&ldquo;MLT&rdquo;). The Company promptly began conducting
an internal investigation led by independent outside advisors, including legal advisors and forensic accountants, to review the accounting
transactions and procedures related to the embezzlement. As of the date of this filing, and subject to further investigation, the Company,
with the assistance of its independent advisors, currently has identified approximately $7 million in the aggregate of unauthorized payments
during fiscal years 2022 through 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The investigation into the payments at issue
is primarily focused on unauthorized bank transfers from MLT local bank accounts to the personal bank account of the former MLT
employee. Preliminary investigative findings have identified similar payments by the former MLT employee prior to fiscal year
2022. These payments are still being investigated by the Company and its independent outside
advisors to determine whether such payments were also unauthorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company continues to work diligently
with its independent outside advisors to complete the internal investigation as soon as possible. Although substantial progress has
been made on the investigation, the work is ongoing, and the Company is currently unable to predict the outcome or time frame for
completion of the investigation. As of the date hereof, the Company has not determined whether material adjustments to its
previously issued financial statements will be necessary as a result of this matter or whether internal controls over financial reporting were designed and operating effectively. The Company intends to pursue sources of
recovery, including Company-maintained insurance and other appropriate means of mitigating the potential loss and protecting its
rights and interests in this matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The scope, duration, and outcome of the investigation
(including the impact of the embezzlement on prior financial statements) still are uncertain, therefore the Company currently is unable
to finalize its financial statements for inclusion in the Second Quarter Form 10-Q and timely filing. Although the Company continues to
work diligently to conclude the internal investigation and file its Second Quarter Form 10-Q as soon as practicable, the Company does
not anticipate that it will be in a position to file the Second Quarter Form 10-Q on or before the fifth calendar day following the required
filing date as prescribed in Rule 12b-25. The Company intends to finalize its financial statements and file the Second Quarter Form 10-Q
as soon as practicable after the conclusion of the internal investigation, subject to any definitive conclusions of the internal investigation
that may cause further delay.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PART IV
</B></FONT><B>&mdash; OTHER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1) Name and telephone number of person to contact in regard to this
notification</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 36%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Catherine H.
    Claiborne</P></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 30%">804</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 30%">254-3783</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name)</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">(Area Code)</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">(Telephone Number)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify">Have
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yes&nbsp; </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT>&nbsp;No
<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the
subject report or portion thereof?</TD>
</TR></TABLE>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 80%">&nbsp;</TD>
  <TD STYLE="width: 20%">Yes&nbsp; <FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT>&nbsp;No
<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
</TABLE>

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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 0.25in">&nbsp;</TD>
  <TD STYLE="text-align: justify">If so, attach an explanation of the
    anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results
    cannot be made.</TD></TR>
</TABLE>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="text-align: justify">The Company is unable to provide
a reasonable estimate of the results of operations for the quarter ended September 30, 2024 at this time because, as described in Part
III of this Form 12b-25, which is incorporated by reference herein, the Company is not able to finalize its financial statements for
the quarter ended September 30, 2024 due to certain open issues related to the Company&rsquo;s ongoing internal investigation. On November
12, 2024, the Company issued a press release announcing certain preliminary unaudited financial results for its second quarter ended
September 30, 2024, and included a copy of such press release as an exhibit to the Company's Current Report on Form 8-K furnished by
the Company with the Securities and Exchange Commission. The preliminary financial results included in such press release are unaudited,
based on currently available information and are not a comprehensive statement of financial results for the second quarter ended September
30, 2024. Consequently, the preliminary unaudited financial results do not present all necessary information for a complete understanding
of the Company&rsquo;s financial condition as of September 30, 2024 or its results of operations for the quarter ended September 30,
2024. Actual results may differ from the preliminary unaudited financial results due to developments that may arise between the date
of the press release and the time that financial results for the quarter ended September 30, 2024 are finalized.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="border-bottom: Black 1pt solid; font: 6pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING
INFORMATION</I></B></P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This notice filing on Form 12b-25 includes &ldquo;forward-looking
statements&rdquo; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Among other things, these statements include statements regarding the ongoing internal investigation including
descriptions of its scope and impact, expectations about the Company&rsquo;s reporting of its results and filing its Form 10-Q for the
quarter ended September 30, 2024, the potential financial statement impact of the <FONT STYLE="color: #212529; background-color: white">investigated
matter</FONT>, and the preliminary unaudited financial information for the quarter ending September 30, 2024. <FONT STYLE="color: #212529; background-color: white">These
forward-looking statements are generally identified by the use of words such as we &ldquo;expect,&rdquo; &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo;
 &ldquo;could,&rdquo; &ldquo;should,&rdquo; &ldquo;may,&rdquo; &ldquo;plan,&rdquo; &ldquo;will,&rdquo; &ldquo;predict,&rdquo; &ldquo;estimate,&rdquo;
and similar expressions or words of similar import. These forward-looking statements are based upon management&rsquo;s current knowledge
and assumptions about future events and involve risks and uncertainties that could cause actual results, performance, or achievements
to be materially different from any anticipated results, prospects, performance, or achievements expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not limited to, the uncertainty of the ultimate findings of the ongoing internal
investigation, as well as the timing of its completion and costs and expenses arising out of the ongoing internal investigation process
and its results; the impact of the ongoing internal investigation on us, our management and operations, including financial impact as
well as any litigation or regulatory action that may arise from the ongoing internal investigation; the impact of the internal investigation
on our conclusions regarding the effectiveness of our internal control over financial reporting and our disclosure controls and procedures;
our ability to regain compliance with the NYSE listing requirements; success in pursuing strategic investments or acquisitions and integration
of new businesses and the impact of these new businesses on future results; product purchased not meeting quality and quantity requirements;
our reliance on a few large customers; our ability to maintain effective information technology systems and safeguard confidential information;
anticipated levels of demand for and supply of our products and services; costs incurred in providing these products and services including
increased transportation costs and delays attributed to global supply chain challenges; timing of shipments to customers; higher inflation
rates; changes in market structure; government regulation and other stakeholder expectations; economic and political conditions in the
countries in which we and our customers operate, including the ongoing impacts from international conflicts; product taxation; industry
consolidation and evolution; changes in exchange rates and interest rates; impacts of regulation and litigation on its customers; industry-specific
risks related to its plant-based ingredient businesses; exposure to certain regulatory and financial risks related to climate change;
changes in estimates and assumptions underlying our critical accounting policies; the promulgation and adoption of new accounting standards,
new government regulations and interpretation of existing standards and regulations; and general economic, political, market, and weather
conditions. Actual results, therefore, could vary from those expected. Please also refer to such other factors as discussed in Part I,
Item 1A. &ldquo;Risk Factors&rdquo; of Universal&rsquo;s Annual Report on Form 10-K for the fiscal year ended March 31, 2024 and related
disclosures in other filings, which have been filed with the U.S. Securities and Exchange Commission and are available on the SEC&rsquo;s
website at www.sec.gov. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking
statements, and all of the forward-looking statements are expressly qualified by the cautionary statements contained or referred to herein
and therein. Universal cautions investors not to place undue reliance on any forward-looking statements as these statements speak only
as of the date when made, and it undertakes no obligation to update any forward-looking statements made, except as required by law.</FONT></P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Universal Corporation</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>(Name of Registrant as
Specified in Charter)</B></P>



<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0">has caused this notification to be signed on its behalf by the undersigned
    hereunto duly authorized.</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 3%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date</FONT>&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 42%">November 12, 2024 &nbsp;</TD>
<TD STYLE="padding-bottom: 1pt; width: 5%">&nbsp;</TD>
<TD STYLE="width: 3%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 47%">/s/ Johan C. Kroner &nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD>
<TD><FONT STYLE="background-color: white">Johan C. Kroner</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="padding-bottom: 0.5pt; font-size: 10pt">&nbsp;</TD>
<TD STYLE="font-size: 10pt">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid">Senior Vice President and Chief Financial Officer</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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