Vishvprabha Ventures Account Classified as NPA Following Auditor Observations on Current Assets Treatment

Vishvprabha ventures Limited has notified BSE Limited that its lending bank has classified the company's account as Non-Performing Asset (NPA) effective March 31, 2026. The classification stems from observations made by the company's statutory auditors regarding the treatment of certain current assets and unbilled revenue.

Background of NPA Classification

The NPA classification was triggered by specific observations from statutory auditors related to the treatment of current assets and unbilled revenue for working capital assessment purposes. The auditor observations primarily focused on how unbilled revenue was being treated while determining drawing power and related banking assessments.

Parameter	Details
Effective Date	March 31, 2026
Classification	Non-Performing Asset (NPA)
Primary Issue	Current assets/unbilled revenue treatment
Assessment Type	Working capital assessment

Company's Response and Action Plan

Vishvprabha Ventures Limited is actively addressing the situation through multiple measures. The company is currently examining the matter in consultation with its advisors and relevant stakeholders to understand the full scope of the auditor observations.

The management has outlined a structured approach to resolve the issues:

Appointment of a professional expert to review observations in detail
Comprehensive analysis of unbilled revenue treatment practices
Development of appropriate recommendations for compliance
Implementation of necessary corrective measures

Management Commitment

The company's Managing Director, Mitesh Jayantilal Thakkar, signed the disclosure document confirming the company's commitment to addressing the situation. Vishvprabha Ventures has assured stakeholders that it will take all necessary corrective and compliance measures to resolve the matter.

The company has committed to keeping stakeholders informed of any material developments as the situation progresses. This transparency approach demonstrates the management's focus on maintaining proper communication with investors and regulatory authorities during the resolution process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.82%	-2.68%	-7.21%	-40.31%	-42.92%	+56.96%

Vishvprabha ventures Limited has informed BSE Limited about the downgrading of its bank account to Non-Performing Asset (NPA) status. The disclosure was made on April 25, 2026, in compliance with regulatory requirements under SEBI LODR Regulations.

NPA Classification Details

The company disclosed that its cash credit facility with Bank of Maharashtra has been marked as NPA. However, Vishvprabha Ventures clarified an important aspect regarding the account status:

Parameter	Status
Bank	Bank of Maharashtra
Facility Type	Cash Credit
Classification	Non-Performing Asset (NPA)
Outstanding Interest (as of March 31, 2026)	Nil
Pending Charges (as of March 31, 2026)	Nil

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform exchanges and stakeholders about material events that could impact the company's operations or financial position.

Company's Response and Next Steps

Vishvprabha Ventures has taken proactive steps to address the situation. The company has sent an email to the concerned bank branch seeking clarifications regarding the NPA classification. Management has committed to updating stakeholders once they receive clarification from Bank of Maharashtra.

The disclosure was signed by Mitesh Thakkar, Managing Director of Vishvprabha Ventures Limited, ensuring proper authorization and accountability for the information shared with the exchange and investors.