Balagopal meets and develops a friendship with Rosy Samuel, the ghost of a former student of his college who died in an accident. Rosy who was secretly in love with him becomes jealous of his fiancee Anjali.

Ulta is a hilarious comedy that revolves around a man named Subodh who wakes up one day to realize that he has transformed into a beautiful woman. As he navigates through this absurd situation, he learns some valuable lessons about beauty, society, and self-acceptance.