Vishvprabha Ventures reported a consolidated net loss of ₹137.34 lakh for the financial year ended March 31, 2026, widening significantly from a net loss of ₹2.28 lakh in FY25. The construction and infrastructure firm recorded consolidated revenue from operations of ₹1,070.87 lakh, an increase of 8% compared to ₹992.21 lakh in the previous year.

The company's standalone operations also turned to a deficit, posting a net loss of ₹64.31 lakh against a net profit of ₹48.93 lakh in FY25. Standalone revenue from operations grew 9% to ₹831.26 lakh. The Board of Directors did not declare any dividend for the year and proposed no transfer to reserves.

Financial Performance

Consolidated profit before tax swung to a loss of ₹172.99 lakh from a profit of ₹7.63 lakh in the prior year. This deterioration was driven by a sharp decline in other income, which fell to ₹22.14 lakh from ₹80.43 lakh, and rising operational costs. Total expenses increased to ₹1,266.00 lakh from ₹1,065.01 lakh.

On a standalone basis, the company reported a loss before tax of ₹99.96 lakh, compared to a profit before tax of ₹58.83 lakh in FY25. Standalone total income rose to ₹840.83 lakh from ₹762.17 lakh, supported by a rise in other income to ₹9.58 lakh from ₹0.22 lakh.

What the Numbers Show

The financial results reveal a divergence between top-line growth and bottom-line performance. While revenue expanded by 8%, the company faced significant margin pressure due to elevated finance costs and depreciation. Consolidated finance costs stood at ₹153.88 lakh, while depreciation and amortization expenses totaled ₹109.94 lakh.

Furthermore, the company incurred bad debts amounting to ₹79.32 lakh, which heavily impacted the standalone result. The debt-to-equity ratio increased to 2.63 from 2.01 in the previous year, reflecting higher leverage relative to shrinking equity. The bank account with Bank of Maharashtra was classified as a Non-Performing Asset (NPA) effective March 31, 2026.

Corporate Developments

The company announced that its 42nd Annual General Meeting will be held on September 30, 2026, via video conferencing. The cut-off date for e-voting is September 23, 2026. Shareholders will consider the appointment of M/s Nimesh Mehta & Associates as statutory auditors for five years and approve the conversion of unsecured loans into equity shares.

The auditors issued a qualified opinion on the financial statements, citing insufficient evidence for certain expenses and inventory valuations. They also highlighted non-compliance with GST provisions regarding Input Tax Credit reversal and failure to report exempt supplies of Transferable Development Rights.

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.