Vishvprabha Ventures Recommends New Statutory Auditor Amid Casual Vacancy
Vishvprabha Ventures' board has recommended M/s. Nimesh Mehta & Associates Chartered Accountants as the new statutory auditor for FY 2025-2026, following the resignation of M/s S GC O & LLP Chartered Accountants. The appointment, subject to shareholder approval at the upcoming AGM, is for a one-year term. The new auditor brings expertise in auditing, taxation, GST, financial arrangements, company law, and corporate planning. This decision aligns with regulatory requirements and was based on the Audit Committee's advice.
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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.
Historical Stock Returns for Vishvprabha Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.91% | -7.48% | -17.96% | -23.39% | -3.12% | +422.57% |
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