Vishvprabha Ventures Ltd (512064)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Vishvprabha Ventures' revenue was ₹3.0 Cr (-3.2% year on year, +79.8% on the previous quarter), and net profit ₹0.1 Cr (against a loss a year earlier); the operating margin was 28.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.0 | -3.2% | +79.8% |
| Operating profit | ₹0.9 | from loss | — |
| Net profit | ₹0.1 | from loss | from loss |
| EPS (₹) | 0.40 | from loss | from loss |
| Operating margin | 28.8% | — | — |
📢 Recent Corporate Announcements
Vishvprabha Ventures Ltd announced the voting results of its 42nd Annual General Meeting held on September 30, 2026. All five resolutions were passed unanimously with 100% votes in favor, including ordinary business adopting standalone and consolidated FY26 financials and appointing M/S Nimesh Mehta and Associates as statutory auditors. Crucially, shareholders passed a special resolution approving the conversion of unsecured loans into equity shares or convertible instruments via preferential allotment or private placement. Given the company's existing debt of Rs 10 Cr against a net worth of Rs 8 Cr, this conversion is strategically relevant for deleveraging.
- Resolution to convert unsecured loans into equity shares or convertible instruments approved with 100% votes in favor (2,74,012 votes cast)
- Re-appointment of Mr. Paresh Ramanlal Desai as Executive Director approved for a 5-year term w.e.f June 30, 2026
- Appointment of M/S Nimesh Mehta and Associates as Statutory Auditors approved for 5 years through FY31
- Adoption of audited Standalone and Consolidated Financial Statements for FY26 approved with 21,12,741 votes (100% in favor)
Vishvprabha Ventures concluded its 42nd Annual General Meeting on September 30, 2026. Key agenda items put to vote included the adoption of FY26 financial statements and the appointment of M/s Nimesh Mehta & Associates as Statutory Auditors for 5 years. Shareholders also voted on a special resolution to convert unsecured loans into equity shares or convertible instruments via preferential allotment or private placement, alongside the reappointment of Executive Director Paresh Ramanlal Desai for a 5-year term through June 2031.
- 42nd AGM conducted on September 30, 2026, lasting 21 minutes (2:00 PM to 2:21 PM)
- Special resolution proposed to convert unsecured loans into equity shares via preferential allotment
- M/s Nimesh Mehta & Associates proposed for appointment as Statutory Auditors for a 5-year term
- Executive Director Paresh Ramanlal Desai proposed for reappointment for a 5-year term ending June 30, 2031
Vishvprabha Ventures reported a net profit of Rs 0.33 Cr (33.27 lakhs) for Q1 FY27, turning around from a net loss of Rs 0.46 Cr in Q1 FY26, on revenue of Rs 2.50 Cr (down 20.2% YoY). The Board approved converting up to Rs 4.00 Cr of unsecured loans into equity shares via preferential allotment, representing ~31% of the company's Rs 13 Cr market cap. However, the statutory auditor issued a qualified conclusion citing unrecorded gratuity, unverified imprest expenses, and unreversed GST ITC. Additionally, the auditor highlighted overdue income tax dues (Rs 15.26 lakhs) and failure to file GST returns since April 2026, posing risk of GST cancellation.
- Revenue from operations stood at Rs 2.50 Cr (250.34 lakhs), up 107% QoQ from Rs 1.21 Cr but down 20.2% YoY from Rs 3.14 Cr.
- Net profit swung to Rs 0.33 Cr (33.27 lakhs) against a net loss of Rs 0.46 Cr in Q1 FY26 and Rs 0.26 Cr in Q4 FY26.
- Board approved conversion of unsecured loan of up to Rs 4.00 Cr into equity shares or convertible securities via preferential allotment/private placement.
- Auditor issued a qualified conclusion for unsupported staff imprest expenses, non-compliance with Ind AS-19 (gratuity), Section 43B(h) MSME assessments, and overdue GST ITC reversals.
- Auditor flagged non-filing of GST returns since April 2026 and regular delays in statutory tax deposits including Rs 15.26 lakhs unpaid income tax.
Vishvprabha Ventures reported standalone revenue of ₹2.50 Cr and a net profit of ₹0.33 Cr for the quarter ended June 30, 2026, recovering from a loss of ₹0.46 Cr in the year-ago period. The Board approved a proposal to convert unsecured loans of up to ₹4.00 Cr into equity shares or convertible securities, representing ~30.8% of its ₹13 Cr market cap and ~22.2% of its ₹18 Cr debt. However, statutory auditors issued a qualified conclusion flagging unsupported staff imprest expenses, unreversed GST input tax credits on overdue payables, and unrecognised gratuity liabilities. Furthermore, the auditor highlighted significant compliance risks, noting that the company has not filed GST returns since April 2026 and holds overdue Income Tax liabilities of ₹15.26 Lakhs.
- Standalone revenue from operations reached ₹250.34 Lakhs (₹2.50 Cr) in Q1 FY27, up from ₹121.00 Lakhs in Q4 FY26.
- Standalone net profit stood at ₹33.27 Lakhs for Q1 FY27, turning profitable versus a net loss of ₹45.56 Lakhs in Q1 FY26.
- Approved conversion of unsecured loans up to ₹4.00 Cr into equity/convertibles via preferential allotment, subject to shareholder approval.
- Auditor issued a qualified conclusion over unsupported imprest expenses, Ind AS-19 gratuity non-recognition, and GST ITC non-reversal on >180-day trade payables.
- Auditor highlighted unpaid statutory dues (Income Tax of ₹15.26 Lakhs) and failure to file GST returns since April 2026, risking registration cancellation.
Vishvprabha Ventures reported a net profit of ₹33.27 lakhs for Q1 (ended June 30, 2026) against a net loss of ₹45.56 lakhs in the year-ago period, on operational revenue of ₹250.34 lakhs. The Board approved converting up to ₹4.00 crore of unsecured loans into equity shares/convertible securities via preferential allotment, representing ~30.8% of its ₹13 crore market cap. However, the statutory auditor issued a qualified conclusion citing undocumented expenses, unreversed Input Tax Credit, and failure to file GST returns since April 2026.
- Q1 net profit swung to ₹33.27 lakhs from a net loss of ₹45.56 lakhs in Q1 FY26, with revenue at ₹250.34 lakhs.
- Board approved conversion of up to ₹4.00 crore unsecured loan into equity shares/convertible securities via preferential allotment.
- Proposed ₹4.00 crore debt conversion represents ~30.8% of the company's market cap and ~22.2% of total debt (₹18 crore).
- Auditor issued a qualified conclusion citing unsupported staff imprest expenses and non-reversed ITC on payables beyond 180 days.
- Auditor highlighted unpaid statutory dues (₹15.26 lakhs Income Tax, ₹3.54 lakhs TDS) and unfiled GST returns since April 2026.
Vishvprabha Ventures has scheduled a board meeting for August 14, 2026, to approve its Q1 FY27 financial results. A critical agenda item is the proposed conversion of unsecured loans into equity shares or convertible instruments via preferential allotment. This is a significant move for the micro-cap company, which currently carries a high debt of ₹18 crore against a net worth of only ₹7 crore (D/E ratio of 2.63). While this could improve the balance sheet, it will likely result in equity dilution for existing shareholders.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Proposal to convert unsecured loans into equity shares or convertible warrants.
- Company has a high Debt-to-Equity ratio of 2.63 as per latest financials.
- Total debt stands at ₹18 crore, which is 1.5x the current market capitalization of ₹12 crore.
- TTM net profit remains negative at ₹-1 crore, highlighting the need for financial restructuring.
Vishvprabha Ventures Ltd has successfully had its Cash Credit account upgraded to a 'Performing Asset' by Bank of Maharashtra as of July 19, 2026. This reversal comes after the account was classified as a Non-Performing Asset (NPA) on April 25, 2026. Given the company's high debt of ₹18 cr relative to its ₹12 cr market cap, this restoration of credit status is a critical operational relief. The company had been actively contesting the basis of the initial NPA classification with bank officials.
- Cash Credit account upgraded to Performing Asset status on July 19, 2026
- Previous NPA classification had been in effect since April 25, 2026
- Company carries a high debt of ₹18 cr against a net worth of only ₹7 cr
- Debt-to-Equity ratio remains elevated at 2.63 as per latest financial context
Vishvprabha Ventures has escalated a dispute with Bank of Maharashtra regarding the classification of its Cash Credit facility as a Non-Performing Asset (NPA). The account was originally classified as NPA on April 25, 2026, which the company disputes as being against applicable norms. After waiting over 30 days for a bank response, the company filed a formal complaint with the RBI Ombudsman on July 17, 2026. This development highlights a significant credit-related conflict that could impact the company's liquidity and borrowing capacity.
- Cash Credit facility classified as NPA by Bank of Maharashtra on April 25, 2026
- Company waited for more than 30 days for a bank response before escalating the matter
- Formal complaint filed with RBI Ombudsman on July 17, 2026 (Complaint No: N202627013010244)
- Company is seeking a review and upgradation of the account status
- The RBI Ombudsman acknowledged the complaint on July 17, 2026, for further examination
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