Annual Report 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250 and 7.0 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ventura Textiles has filed its 55th Annual Report for FY 2024-25 and the AGM notice, with the meeting scheduled for September 30, 2025. The biggest proposal is a sharp capital reduction — cutting face value from Rs. 10 to Rs. 2 per share to wipe out accumulated losses of around Rs. 15.56 crore. The number of shares stays the same (1.94 crore). Separately, the company wants to add new objects to its charter to enter the brewery, liquor and spirits business — a major pivot away from textiles. The CMD Mr. Mohan Rao Penugonda is being re-appointed for five years at NIL remuneration. Other items include appointing a new Secretarial Auditor (Sharma and Trivedi LLP) for five years.
The capital reduction is a red flag — it confirms the company has piled up heavy accumulated losses and needs to clean up its balance sheet. While shareholders won't lose share count, the reduced face value and entry into a completely new (and heavily regulated) liquor business signals financial stress in the core textile operations. Expect stock price volatility around the AGM and NCLT approval process.