Vishvprabha Ventures Limited has scheduled a board meeting for May 30, 2026, to consider the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The meeting will also address the re-appointment of its statutory auditors and the potential conversion of an outstanding unsecured loan into equity shares.

The Board of Directors will review the Audited Standalone & Consolidated Financial Results for Q4FY26 and the financial year ended March 31, 2026, along with the audit report. Additionally, the board will consider re-appointing M/s. Nimesh Mehta & Associates, practicing Chartered Accountants, as the Statutory Auditors of the company for a term of five financial years from 2026-27 to 2031-32, subject to shareholder approval.

Another key agenda item involves the conversion of an outstanding unsecured loan against the issue of equity shares or other financial instruments convertible into equity shares. This includes warrants and may be executed via preferential allotment or private placement, subject to necessary shareholder and regulatory approvals.

The board will also deliberate on a change in the company's registered office address within the same city and village. Any other matters with the permission of the chairman may also be taken up during the meeting.

Agenda Items for Board Meeting

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.

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.