OUTCOME OF BOARD MEETING

Vishvprabha Ventures Ltd reported a net loss of Rs 64.31 lakhs for FY26 versus a profit of Rs 48.93 lakhs in FY25, with revenue growing 9% to Rs 831.26 lakhs. The auditors issued a QUALIFIED OPINION citing multiple concerns: unsupported expenses via imprest arrangements, manual inventory controls lacking ERP integration, GST Input Tax Credit claimed on payables overdue beyond 180 days, non-compliance with MSME payment rules under Section 43B(h), unreconized gratuity liability under Ind AS 19, and failure to report TDR transactions worth Rs 10.26 crore in GST returns. The company also received an Emphasis of Matter on unpaid statutory dues (Rs 21.03 lakhs), bank account classified as NPA by Bank of Maharashtra, and bad debt loss of Rs 79.32 lakhs. New auditors M/s Nimesh Mehta & Associates were appointed for 5 years.