Vishvprabha ventures Limited has formally requested BSE Limited for a 90-day extension to appoint a Company Secretary after failing to meet the mandatory appointment deadline. The company submitted its clarification to the stock exchange on March 04, 2026, explaining the circumstances behind the delayed appointment.

Regulatory Compliance Challenge

The company was required to appoint a Company Secretary within three months following the resignation of its previous Company Secretary on December 05, 2025. However, Vishvprabha Ventures Limited was unable to identify a suitable candidate within the stipulated timeframe, resulting in the position remaining vacant beyond the regulatory deadline.

Interim Arrangements

During the vacancy period, Managing Director Mitesh Jayantilal Thakkar, who is a Chartered Accountant, will continue to act on behalf of the Company Secretary and carry the additional responsibility. The company has assured that efforts are being undertaken to appoint a Company Secretary as early as possible.

Company Details and Communication

Vishvprabha Ventures Limited, incorporated under CIN L51900MH1985PLC034965, has its registered office located at Ushakal CHS Ltd, Ground Floor, B-003, Plot No-91, MIDC, Dombivli East, Thane, Maharashtra. The company's scrip code on BSE is 512064.

The formal communication was digitally signed by Managing Director Mitesh Jayantilal Thakkar on March 04, 2026, and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company has requested the stock exchange to take note of the situation and grant the requested extension period for the appointment.

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.