Vishvprabha Ventures Limited held its 42nd Annual General Meeting on September 30, 2026, where shareholders approved the conversion of unsecured loans into equity shares. The meeting also ratified the appointment of new statutory auditors and reappointed key management personnel.

The company conducted the meeting via Video Conferencing and Other Audio Visual Means in compliance with regulatory guidelines. The session commenced at 2:00 pm and concluded at 2:21 pm. Isha Gavaskar, Company Secretary and Compliance Officer, facilitated the proceedings, while Mitesh Jayantilal Thakkar, Chairman and Managing Director, chaired the session.

Key resolutions passed

Shareholders voted on both ordinary and special business items. The special resolutions focused on capital structure adjustments and leadership continuity.

Capital structure and governance updates

A significant portion of the agenda involved corporate governance and capital allocation. The board sought approval to convert existing unsecured loans against the issue of equity shares or other financial instruments convertible into equity. This may be executed through preferential allotment or private placement.

Additionally, the shareholders approved the reappointment of Paresh Ramanlal Desai as executive director for a second term. His tenure will run for five years, effective June 30, 2026, until June 30, 2031. The company also appointed M/s Nimesh Mehta & Associates Chartered Accountants as its statutory auditor for a term of five years.

Voting and compliance

The company provided electronic voting facilities through the Central Depository Services Limited system prior to and during the meeting. Vinit Bhanushali, Proprietor of M/s V K Bhanushali & Co., served as the scrutinizer to ensure fair scrutiny of the voting process. The results of the e-voting, along with the consolidated scrutinizer’s report, are scheduled to be published on the company website and communicated to stock exchanges within two working days.

Vishvprabha Ventures Limited has scheduled its 42nd Annual General Meeting for September 30, 2026. The event will be conducted through video conferencing or other audiovisual means in compliance with Ministry of Corporate Affairs and SEBI guidelines.

The company issued the notice on September 7, 2026, alongside its Annual Report for FY26. The report is available on the company website and CDSL’s e-voting portal. Members holding shares as of the cut-off date will be eligible to vote electronically on the resolutions listed in the notice.

Meeting Schedule and Voting Details

The cut-off date for determining membership eligibility is September 23, 2026. This applies to shareholders holding shares in both physical and dematerialised forms. Remote e-voting will commence at 9:00 am on September 27, 2026, and conclude at 5:00 pm on September 29, 2026. No votes will be accepted after this deadline.

Governance and Compliance

The meeting adheres to Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. Mitesh Jayantilal Thakkar, Managing Director, authorised the communication. The notice confirms that instructions for e-voting are included in the official AGM notice document.