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.

Vishvprabha Ventures has announced a significant change in its audit leadership, as the company's board recommends the appointment of a new statutory auditor for the fiscal year 2025-2026.

Board Recommendation

During a board meeting held on August 2, 2025, Vishvprabha Ventures' directors recommended the appointment of M/s. Nimesh Mehta & Associates Chartered Accountants (FRN: 117425W) as the company's new statutory auditor. This decision comes in the wake of a casual vacancy created by the resignation of the previous auditor, M/s S GC O & LLP Chartered Accountants, on June 11, 2025.

Appointment Details

The proposed appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, M/s. Nimesh Mehta & Associates will hold office for a term of one year, covering the financial year 2025-2026.

Auditor's Expertise

M/s. Nimesh Mehta & Associates brings a wealth of experience to the role. Their expertise spans several critical areas, including:

• Auditing
• Income Tax & Planning
• Goods & Services Tax (GST)
• Financial Arrangement and Bank Loan syndication
• Company Law & SEBI Matters
• Co-operative Societies & Trust Audit & Tax Planning
• Corporate Planning, legal advice, and Financial control

Regulatory Compliance

The board's decision aligns with the requirements of the Companies Act, 2013, ensuring audit continuity and compliance with regulatory standards. The recommendation was made based on the Audit Committee's advice, adhering to corporate governance best practices.

Company Information

Vishvprabha Ventures, with its registered office in Dombivli East, Thane, Maharashtra, operates under CIN L51900MH1985PLC034965. The company's commitment to transparency is evident in its prompt disclosure of this significant corporate update.

The board meeting, which commenced at 15:00 IST and concluded at 15:20 IST on August 2, 2025, was held on shorter notice, highlighting the importance of this decision for the company's financial oversight.

Investors and stakeholders will be keenly watching the upcoming AGM, where the final decision on the new auditor appointment will be made, marking a new chapter in Vishvprabha Ventures' financial governance.