Re-submission of Annual Report
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Ventura Textiles has re-submitted its Annual Report for FY 2024-25 to BSE, correcting typographical errors from the version originally filed on 8th September 2025. The company has clarified that the inadvertent errors have no impact on the financial statements and do not change the nature of any information contained in the report. The Annual Report includes the notice for the 55th AGM scheduled for 30th September 2025, which features major proposals including a reduction of paid-up share capital from Rs.19.45 crore to Rs.3.89 crore (cancelling Rs.8 per equity share) to write off accumulated losses of about Rs.15.56 crore, and the addition of new business objects covering breweries, distilleries, and liquor/alcohol trade. The report also seeks reappointment of Mr. Mohan Rao Penugonda as Chairman & Managing Director for five years at nil remuneration.
The re-submission itself is a routine corrective action with no financial impact on shareholders. However, the AGM proposals point to significant restructuring — a capital cut to absorb accumulated losses signals persistent past losses, while the proposed new business objects (alcohol, brewery) suggest a possible pivot away from the core textiles business, pending shareholder and NCLT approval.