Audited Results for the quarter and year ended on 31st March, 2025

Miven Machine Tools Limited reported audited FY25 results with total revenue collapsing to just INR 11.55 lakhs, down sharply from INR 157.60 lakhs in FY24 — a roughly 93% decline. The company posted a loss after tax of INR 61.31 lakhs (worse than the INR 27.87 lakh loss in FY24), translating to EPS of INR -2.04. An exceptional item of INR 121 lakhs appears in the FY25 numbers. The statutory auditor issued a qualified opinion, flagging that the company did not provide for interest on inter-corporate borrowings from related party Miven Mayfran Conveyors Pvt Ltd (accumulated unprovided interest of INR 16.86 lakhs). The auditor also highlighted a material uncertainty on going concern — total outside liabilities of INR 565.59 lakhs exceed total assets of just INR 13.38 lakhs, and net worth is completely eroded at negative INR 852.10 lakhs. The company has no tangible plant & equipment and no inventory as on the reporting date. Management cites new promoter support and business plans to justify the going concern assumption.