Financial Performance

Vishvprabha Ventures reported disappointing financial results for FY 2025-26. On a consolidated basis, the company reported a net loss of ₹137.34 lakh, significantly worse than the ₹1.91 lakh loss in FY25. Revenue from operations increased to ₹1,070.87 lakh from ₹992.21 lakh, driven by construction activity (₹477.00 lakh) and manufacturing segments. Standalone performance showed revenue of ₹831.26 lakh but a net loss of ₹64.31 lakh, reversing from a profit of ₹48.93 lakh in the previous year. Basic EPS stood at (₹4.40) on consolidated basis and (₹2.06) on standalone basis.

Segment Performance

The company operates in two main segments:

  • Construction Activity: Revenue ₹831.26 lakh, Segment Result ₹17.16 lakh
  • Manufacturing of Food & Beverages: Revenue ₹239.61 lakh, Segment Result ₹51.54 lakh

Key Financial Position

Borrowings stood at ₹1,783.68 lakh with significant secured loans from banks and financial institutions. Trade receivables were ₹584.71 lakh, with ₹530.06 lakh overdue less than 6 months. Cash and cash equivalents improved to ₹57.04 lakh from ₹21.12 lakh. The company maintained an authorized share capital of ₹500.00 lakh with issued capital of ₹311.82 lakh.

Audit Qualifications

Statutory auditors M/s Nimesh Mehta & Associates issued a qualified opinion with several serious observations:

  • Expenses through imprest arrangements not supported by adequate documentary evidence
  • Manual inventory records instead of ERP-based system affecting accuracy
  • Input Tax Credit availed on trade payables outstanding beyond 180 days without reversal
  • Non-compliance with Section 43B(h) of Income Tax Act regarding MSE payments
  • Non-recognition of gratuity liability as required under Ind AS 19
  • Failure to disclose exempt supplies of TDR in GST returns

Regulatory and Legal Matters

The company faced multiple regulatory challenges:

  • Notice from Commissioner of Central GST for outstanding payment of ₹1.62 lakh
  • Case filed under Section 138 for amount of ₹2.50 lakhs
  • Bank account with Bank of Maharashtra classified as NPA effective March 31, 2026
  • Penalties paid for delayed submission of financial results and non-appointment of Company Secretary

AGM Details

The 42nd Annual General Meeting will be held on September 30, 2026 at 02:00 p.m. through Video Conferencing. The cut-off date for determining voting eligibility is September 23, 2026. Remote e-voting will be available from September 27, 2026 (9:00 a.m.) to September 29, 2026 (5:00 p.m.) through CDSL.

Subsidiary Performance

  • Vishvprabha Foods Private Limited (100% subsidiary): Revenue ₹239.61 lakh, Net Loss ₹72.93 lakh
  • Vishvprabha Buildcon Private Limited (51% subsidiary): Revenue ₹0 lakh, Net Loss ₹0.95 lakh

Management Changes

Significant management changes occurred during the year including resignation of two Independent Directors, appointment of new CFO and Company Secretary, and resignation of the previous CFO.

Corporate Governance

The company was exempt from certain corporate governance provisions under SEBI LODR due to size. All committees remained functional, and the company received a clean secretarial audit report except for delays in appointment of Company Secretary.

Business Overview

The company remains engaged in engineering and construction of infrastructure projects including roads, bridges, irrigation projects, and building construction, while expanding through subsidiaries into real estate development and food processing.