Vishvprabha Ventures has accepted the resignation of Manish Prabhakar Patil as an independent director on its board. The change takes effect from August 31, 2026.

The company disclosed the development in a filing with BSE Limited on September 1, 2026. The move follows a formal resignation letter submitted by Patil, who cited increasing preoccupation with other professional commitments as the primary reason for stepping down.

Resignation Details

Patil, holding DIN 09160437, stated that he would not be able to devote the expected time to the affairs of the company. Consequently, he is also stepping down from all board committees of which he is a member. The resignation becomes effective immediately after closing working hours on August 31, 2026.

In his letter addressed to Managing Director Mitesh Jayantilal Thakkar, Patil expressed gratitude for the support received during his tenure. He wished the company success in future operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2025, regarding the details required for such intimations.

Mitesh Jayantilal Thakkar, the managing director, signed the intimation on behalf of Vishvprabha Ventures Limited. The company is registered at GNP Galleria, Dombivli East, Thane.

Vishvprabha Ventures reported a return to profitability in its standalone results for the quarter ended June 30, 2026, posting a net profit of ₹33.27 lakh. This marks a reversal from the ₹25.74 lakh loss recorded in the same quarter of the previous fiscal year.

The company’s revenue from operations for Q1FY26 stood at ₹250.34 lakh, a decline from ₹313.82 lakh in Q1FY25. Despite the lower topline, the bottom line improved significantly, driven by tighter cost controls or other income contributions, although specific operational breakdowns were not detailed in the filing.

Financial Highlights

On a consolidated basis, Vishvprabha Ventures recorded a net loss of ₹12.32 lakh for the quarter, compared to a loss of ₹71.51 lakh in Q1FY25. Consolidated revenue from operations was ₹303.91 lakh, lower than the ₹398.02 lakh reported in the prior year period.

What the Numbers Show

The divergence between standalone and consolidated results warrants attention. While the standalone entity returned to profitability with a ₹33.27 lakh net profit, the consolidated group continued to report a loss of ₹12.32 lakh. This suggests that subsidiary operations or inter-company adjustments may be dragging down the group’s overall performance, even as the parent company improved its operational efficiency.

The company also disclosed that its authorized share capital remains at ₹311.82 lakh, with issued, subscribed, and paid-up capital unchanged at the same figure. No dividends were declared during the quarter.