Vishvprabha Ventures Limited reported a standalone net loss of ₹64.32 lakh for the financial year ended March 31, 2026. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The statutory auditors issued a qualified opinion on the financial statements, citing inadequate documentation for staff expenses and the absence of an integrated ERP system for inventory records.

The board re-appointed M/s. Nimesh Mehta & Associates, practicing Chartered Accountants, as the Statutory Auditors for a term of five financial years from 2026-27 to 2031-32, subject to shareholder approval. The auditors highlighted that the company has not been regular in depositing statutory dues, including income tax and tax deducted at source, amounting to over ₹21.03 lakh. Additionally, the company's bank account with Bank of Maharashtra was classified as a Non-Performing Asset (NPA) effective March 31, 2026.

Financial Highlights for FY26

The auditors noted that the company failed to disclose the sale of Residential Transferable Development Rights (TDR) aggregating ₹10.26 crore in its GST returns. They also pointed out a delay in the appointment of a Company Secretary and non-filing of certain forms with the Registrar of Companies regarding the appointment of the Chief Financial Officer. The company recognized a loss of ₹79.32 lakh on account of bad debts during the year.

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.