Annvrridhhi Ventures Limited, formerly known as J. Taparia Projects Limited, has announced significant changes in its leadership structure and plans for capital expansion. The company's board of directors made several key decisions during a meeting held on August 25, 2025.

Leadership Changes

The company accepted the resignation of Ms. Vrinda Agarwal from her position as Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 25, 2025. Ms. Agarwal cited better growth and career opportunities as the reason for her departure.

In a strategic move, the board approved the appointment of Mr. Manmohan Shreegopal Agrawal as Whole Time Director and Chief Financial Officer for a three-year term, from August 26, 2025, to August 25, 2028. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Agrawal brings over 40 years of experience in accounts, finance, management, and administration to his new role. He holds a Master of Commerce degree from The Maharaja Sayajirao University of Baroda and has successfully managed his own guest house/lodge business for more than four decades. Mr. Agrawal is also a partner in Transglobal Trade Integration, a firm engaged in the trading, import, and export of grains and pulses.

It's worth noting that Mr. Manmohan Shreegopal Agrawal is the father of Mr. Sarvesh Manmohan Agrawal, the company's Chairman and Managing Director, and the brother of Mr. Jagdishprasad Shreegopal Agrawal, a Non-Executive Non-Independent Director of the company.

Capital Expansion and Auditor Appointment

The board has authorized an increase in the company's authorized share capital from ₹54.00 crores to ₹100.00 crores, subject to shareholder approval. This move suggests that Annvrridhhi Ventures may be planning for significant growth or expansion in the near future.

In another important decision, the board appointed M/s. VRCA & Associates as the company's statutory auditors for a five-year term, replacing M/s. VCA & Associates. VRCA & Associates, established in 1977, brings extensive experience in audit and assurance services, taxation, and various consultancy services.

Annual General Meeting

Annvrridhhi Ventures has scheduled its 45th Annual General Meeting for September 29, 2025. The meeting will be conducted through video conferencing, with remote e-voting available from September 26 to September 28, 2025.

These changes in leadership, capital structure, and auditing arrangements indicate that Annvrridhhi Ventures is positioning itself for a new phase of growth and development. Shareholders and market watchers will be keenly observing how these strategic moves impact the company's future performance and direction.

Annvrridhhi Ventures Limited , formerly known as J. Taparia Projects Limited, has reported a net loss for the quarter ended June 30, despite a significant increase in revenue. The company has also announced plans for a new rights issue, following the cancellation of a previous one due to undersubscription.

Financial Performance

The agricultural food products company reported a net loss of Rs 26.80 lakhs for the first quarter, a stark contrast to the profit of Rs 30.62 lakhs recorded in the previous quarter. This decline in profitability comes despite a substantial growth in revenue.

Key financial highlights for Q1:

All figures in Rs. lakhs, except for EPS

The company's revenue from operations saw a significant increase of 30.04%, rising to Rs 2,101.45 lakhs from Rs 1,616.03 lakhs in the previous quarter. However, this growth was offset by a sharp rise in expenses, particularly in purchases of stock-in-trade, which amounted to Rs 2,063.71 lakhs.

Operational Challenges

The substantial increase in expenses, outpacing revenue growth, led to the quarterly loss. Total expenses rose by 34.21% to Rs 2,128.38 lakhs, primarily driven by the higher cost of stock-in-trade purchases.

New Rights Issue Planned

In a significant development, Annvrridhhi Ventures has announced plans for a new rights issue. The Board of Directors has approved the issuance of partly paid-up equity shares with a face value of Rs 10 each, aiming to raise an aggregate amount not exceeding Rs 38 crores.

This decision comes after the company's previous rights issue, which was approved on April 5 for Rs 48.60 crores, was cancelled due to undersubscription. The company had to refund the applicants of that issue.

Management Commentary

Sarvesh Panmohan Agrawal, Managing Director of Annvrridhhi Ventures Limited, stated, "While our revenue growth is encouraging, we faced challenges in managing our expenses this quarter. We are actively working on optimizing our operations and are confident that the planned rights issue will strengthen our financial position, enabling us to capitalize on growth opportunities in the agricultural food products segment."

Looking Ahead

The company operates primarily in the agricultural food products segment. With the proposed rights issue, Annvrridhhi Ventures aims to bolster its financial resources, potentially supporting its growth strategies and operational improvements in the coming quarters.

Investors and stakeholders will be keenly watching how the company manages to turn around its profitability while maintaining its revenue growth momentum in the subsequent quarters.