As per BSE information or communication provided BSE on June 14, 2025 that the Statement of Audit Qualification needs to be filed separately for both standalone and Consolidated Financial ....
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Vishvprabha Ventures Ltd submitted the Statement of Impact of Audit Qualification separately for its standalone and consolidated financial results for FY ending March 31, 2025, as directed by BSE. The statutory auditor SGCO & Co LLP issued a qualified opinion on both sets of results because the company has not accounted for gratuity liability as required under Ind AS-19; management argues no employee has completed 5 years of service so no provision is needed. On a standalone basis, revenue rose about 39% to Rs. 762.17 lakhs and net profit jumped to Rs. 48.93 lakhs from Rs. 4.14 lakhs. On a consolidated basis, revenue grew around 80% to Rs. 1,072.64 lakhs but the company still reported a small net loss of Rs. 2.28 lakhs. The board also appointed Mr. Manish Prabhakar Patil as an independent director for 5 years and accepted the resignation of Mrs. Rajalaxmi Vijay Sawant.
The qualified opinion is a minor compliance issue with no quantified financial impact, as no employee currently qualifies for gratuity. Standalone profitability improved sharply and revenue growth was strong, but the consolidated entity remains marginally loss-making and operating cash flows are negative, suggesting working capital pressures and limited cash generation despite better reported profits.