Numbers Under the Microscope—BSE Asks Vishvprabha to Show Its Math

Image Source: Times of India

On July 16, 2025, the Bombay Stock Exchange (BSE) requested specific clarifications from Vishvprabha Ventures Ltd. regarding its recent financial statements and disclosures. The inquiry follows a series of regulatory filings and audit qualifications that have raised questions about the company’s reporting practices and transparency.

Background and Regulatory Context

BSE’s request comes in light of audit qualifications attached to Vishvprabha’s FY 2024–25 standalone and consolidated financials, filed on May 30, 2025.
The company was previously asked to submit revised audit qualification statements separately for both sets of financials, as per BSE’s communication dated June 14, 2025.
Vishvprabha Ventures has also seen recent board-level changes, including the resignation of statutory auditors and reappointment of independent directors, which may have prompted further scrutiny.

Market Implications

Vishvprabha’s share price has shown volatility, with a 52-week range between ₹48.00 and ₹80.18, and a current market cap of approximately ₹22 crore.
The company has reiterated its commitment to Regulation 30 of SEBI’s LODR norms, stating that all price-sensitive information has been disclosed in a timely manner.
However, BSE’s request suggests that additional clarity is needed to ensure investor confidence and regulatory compliance.

Company Response

“The movement in our share price is market-driven. We have disclosed all relevant information as per SEBI regulations and will continue to cooperate with the exchange,” said a company spokesperson.

Sources: Value Research, Moneycontrol, Economic Times, Business Standard