PVP Ventures Limited , a prominent player in the Indian corporate landscape, has taken a significant step towards enhancing its corporate governance practices. The company announced the appointment of M/s. ARS & Associates Company Secretaries LLP as its Secretarial Auditor for a five-year term, spanning from the financial year 2025-26 to 2029-30.

Shareholders' Approval and Regulatory Compliance

The appointment was ratified by shareholders at PVP Ventures' 34th Annual General Meeting (AGM) held on September 25, 2025. This decision aligns with the company's commitment to transparency and regulatory compliance, particularly in adherence to Regulation 24(A) and Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

About ARS & Associates

ARS & Associates Company Secretaries LLP, established in 2016, brings a wealth of experience to their new role. The firm, identified by its Unique Identification Number L2015TL009900, has built a strong reputation in the field of secretarial and compliance services. Their client portfolio spans a diverse range, from small and medium enterprises to large corporates and listed companies.

Expertise and Independence

The appointment of ARS & Associates is noteworthy for several reasons:

1. Peer-Reviewed Firm: ARS & Associates' status as a peer-reviewed firm underscores their commitment to maintaining high professional standards.

2. Comprehensive Services: The firm offers a wide array of secretarial and compliance services, backed by a team of experienced professionals.

3. Regulatory Expertise: Their team possesses in-depth knowledge of corporate laws, SEBI regulations, governance, and compliance management.

4. Independence: Importantly, PVP Ventures has confirmed that ARS & Associates has no association with any of the company's directors, ensuring objectivity in their role.

Term of Appointment

The appointment is set for a period of five consecutive years, commencing from April 1, 2025, and concluding on March 31, 2030. This extended term allows for continuity and depth in the auditing process.

Implications for Corporate Governance

The appointment of a secretarial auditor is a crucial aspect of corporate governance for listed entities in India. It ensures compliance with various statutory and regulatory requirements, thereby safeguarding the interests of stakeholders.

PVP Ventures' decision to appoint ARS & Associates for this critical role reflects the company's commitment to maintaining high standards of corporate governance and regulatory compliance. As the company moves forward, this partnership is expected to contribute significantly to its transparency and accountability measures.

The move has been well-received, as evidenced by the shareholders' approval at the AGM. It represents a positive step in PVP Ventures' ongoing efforts to strengthen its corporate governance framework and maintain investor confidence in an increasingly complex regulatory environment.

PVP Ventures Ltd , a diversified company, has released its unaudited financial results for the second quarter and first half of the fiscal year 2021, revealing significant losses and announcing key corporate changes.

Financial Performance

For the quarter ended September 30, 2020, PVP Ventures reported a net loss of Rs 600.08 lakhs. The loss for the first half of the fiscal year stood at Rs 1,228.79 lakhs. The company's revenue from operations was Rs 260.65 lakhs in Q2 and Rs 940.82 lakhs for H1 FY2021.

Corporate Governance and Leadership Changes

The company's Board of Directors has made several important decisions:

1. The 29th Annual General Meeting (AGM) is scheduled for December 11, 2020.
2. The Board has accepted the resignation of CFO T N Madan, effective October 26, 2020.
3. Karthikeyan has been appointed as the new CFO, starting from November 6, 2020.
4. The company announced the resignation of its statutory auditor, Brahmayya & Co.
5. Sundaram & Srinivasan has been appointed as the new statutory auditors.

Financial Challenges

PVP Ventures is facing significant financial challenges:

1. The company has unpaid debenture obligations totaling Rs 8,305.94 lakhs.
2. Current liabilities exceed current assets by Rs 11,981.62 lakhs.

Auditor's Concerns

The auditors have raised qualified conclusions regarding:

1. The recoverability of investments made by the company.
2. Obligations related to corporate guarantees given by the company.
3. The company's ability to continue as a going concern.

These financial results and corporate changes indicate that PVP Ventures is navigating through a challenging period, with significant losses and leadership transitions. The company will need to address its financial obligations and the concerns raised by auditors to improve its financial health and corporate stability.

Investors and stakeholders will be closely watching the upcoming AGM and any strategic decisions the new leadership might implement to turn around the company's performance.