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.

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.