Company Overview
Ventura Textiles Limited (Scrip Code: 516098) reported its Annual Report 2025-2026 containing financial statements and notice of the 56th Annual General Meeting.
Financial Performance
The company reported a net loss of ₹35.01 lakh for FY 2025-26, showing improvement from the previous year's loss of ₹117.32 lakh. Total income was ₹4.89 lakh (mainly other income) with no operational revenue. The company faces severe financial distress with accumulated losses of ₹2,922.62 lakh and borrowings of ₹733.65 lakh. The current ratio stands at 0.09 with negative debt-to-equity ratio of (0.75), indicating significant financial stress.
Operational Status & Going Concern
Operations are currently suspended with no regular source of income, creating material uncertainty regarding the company's ability to continue as a going concern and repay its existing debts. Auditors have emphasized the going concern issue due to negative net worth exceeding 50%, though management believes the company will continue with other business activities.
Strategic Shift & Corporate Actions
The company proposes changing its name to Superbev Limited and amending its Memorandum of Association to include brewery, distillery, and beverage business objects. This represents a strategic pivot from textiles to beverages, leveraging promoter connections in the alcobev sector. The Board is optimistic about turning around the company through new business opportunities.
Related Party Transactions
Significant related party transactions include loans to associates Ventura Texports (₹217.58 lakh closing balance), Penny Securities (₹48.48 lakh), and to Key Managerial Personnel Mr. P.M. Rao (₹40.81 lakh). Material proposed RPTs include ₹5 crore with Ace Alcobev Pvt Ltd and ₹4 crore with Hudson Hospitality Pvt Ltd for purchase/sale of beers and ciders, maintenance services, and brand royalty fees.
AGM Agenda & Voting
The 56th AGM on September 30, 2026 will include resolutions for adopting financial statements, re-appointment of director P.M. Rao, approval of related party transactions, name change, and capital reduction. E-voting period is from September 27-29, 2026.