PVP Ventures revises inventory value, boosts security cover ratio

PVP Ventures Limited announced a correction to its Independent Auditor's Certificate for the quarter ended June 30, 2025. The company initially reported inventories at INR 27,024.33 Lakhs, inadvertently omitting INR 156.46 Lakhs pertaining to Series B Debentures. The corrected inventory value is INR 42,670.00 Lakhs, significantly increasing the total market value disclosed. This adjustment, certified by management, rectifies the understatement of the total market value of inventories.

Additionally, the company corrected its "Cover on book value" ratio from 0.61 to 0.72. This change resulted from the prior omission of pledged inventory with a book value of INR 1,616.61 Lakhs in the security cover ratio calculation. With the inclusion of this pledged inventory, the corrected ratio now accurately reflects the company's security cover.

PVP Ventures confirmed that there are no other changes to the statement of compliance status of financial covenants for the listed non-convertible debentures as submitted on August 20, 2025. The corrected statements and the Independent Auditor's Certificate will be made available on the company's website.