Vishvprabha ventures Limited has submitted revised standalone and consolidated financial results for the quarter ended December 31, 2025, to BSE Limited. The company filed these revised results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) following the identification of discrepancies in segment results.

Revision Details and Compliance

The revision was necessitated by discrepancies in segment results as verified by the company's management. This submission follows the company's earlier communication dated February 14, 2026, and ensures compliance with SEBI regulations. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2026.

Auditor's Qualified Opinion

Nimesh Mehta & Associates, the company's statutory auditors, issued a qualified opinion on both standalone and consolidated results. The auditors identified several areas of concern that affected their review:

• Outstanding Advances: Advances to and from certain creditors and debtors have remained outstanding for periods exceeding 365 days without charging or providing for interest
• Expense Documentation: Certain expenses incurred through imprest arrangements lacked adequate documentary evidence and approvals
• Inventory Records: The company has not maintained complete and reliable inventory records in its ERP system
• GST Compliance: Input Tax Credit availed on trade payables outstanding beyond 180 days may require reversal under CGST Act provisions

Consolidated Results Structure

The consolidated financial results include two subsidiary companies that contribute to the overall performance:

Regulatory and Compliance Issues

The auditors highlighted several compliance concerns in their emphasis of matter and other matter paragraphs. The company has not been regular in depositing certain undisputed statutory dues with appropriate authorities, and adequate provisions for such dues have not been made in the financial statements.

Additionally, the company has not filed GST returns since July 2025, which may result in suspension or cancellation of GST registration and potential interest and penalties. These potential liabilities have not been recognized in the financial statements.

Financial Reporting Standards

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act 2013. The consolidated results specifically follow Ind AS 110 on Consolidated Financial Statements, ensuring comprehensive reporting of the group's financial position.

Vishvprabha Ventures Limited has announced significant leadership changes with the appointment of a new Chief Financial Officer and authorization of Key Managerial Personnel under regulatory compliance requirements.

Board Approval and Appointment Details

The Board of Directors of Vishvprabha Ventures Limited approved the appointment at their meeting held on December 29, 2025. The decision was made following recommendations from both the Nomination and Remuneration Committee and the Audit Committee, ensuring proper governance protocols were followed.

Professional Background and Qualifications

Ms. Pooja Hemant Palan brings substantial expertise to her new role as CFO. Her professional background encompasses comprehensive experience across multiple financial domains essential for the company's operations.

Key qualifications and experience include:

• Over 7 years of experience in accounting, taxation, and finance
• Specialized expertise in direct and indirect tax matters
• Proficiency in GST and TDS compliance requirements
• Masters in Commerce degree with specialization in Banking and Finance

Key Managerial Personnel Authorization

In compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has authorized specific Key Managerial Personnel for regulatory disclosure purposes.

These personnel are authorized to determine the materiality of events or information and make necessary disclosures to BSE Limited as required under regulatory frameworks.

Regulatory Compliance Framework

The appointment and authorization align with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, specifically under Regulation 30. The disclosure follows requirements outlined in SEBI Master Circular No. SEBI/HO/CFD/PoD-2/CIR/P/0155 dated November 11, 2024, ensuring comprehensive regulatory compliance.

The company has designated Ms. Palan as Key Managerial Personnel under the provisions of the Companies Act, 2013, effective from December 29, 2025, strengthening the leadership structure and ensuring proper corporate governance standards are maintained.