Vishvprabha Ventures Ltd updates stakeholders on Cash Credit NPA classification dispute with Bank of Maharashtra
Vishvprabha Ventures Ltd has provided an update regarding the classification of its Cash Credit facility with Bank of Maharashtra, noting ongoing difficulties in resolving the Non-Performing Asset (NPA) designation. The company stated that it initiated a formal complaint with the Banking Ombudsman after failing to receive a satisfactory response from the bank concerning the NPA status.The update follows previous disclosures made by Vishvprabha Ventures Ltd on April 25, 2026, regarding the Cash Credit facility held with Bank of Maharashtra being classified as an NPA.
Following the initial disclosure, the company approached officials at Bank of Maharashtra seeking clarification regarding the basis for the NPA classification and requesting a review and upgradation of the account.
However, despite more than 30 days passing since the company made its representations, the Bank has neither provided a satisfactory explanation nor communicated the reasons for maintaining the NPA classification status. The company also reported receiving no substantive response to its request for account review and upgrade.
In light of this lack of resolution from the bank, Vishvprabha Ventures Limited lodged a formal complaint with the Banking Ombudsman to seek appropriate redressal for the grievance.
The company affirmed that it is actively pursuing the matter with the concerned authorities and remains committed to protecting the interests of all stakeholders. Vishvprabha Ventures Ltd stated it will keep the Stock Exchange informed of any further material developments in this ongoing dispute.
Stock Price Movement
Vishvprabha Ventures Ltd settled at ₹38.48 in post-market trading on Friday, registering a decline of 3.78%. The shares moved within a wide intraday range, testing highs near ₹41.90 before hitting a low of ₹36.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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