Q1 FY27 results: Revenue plunges, auditor flags going concern uncertainty
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Miven Machine Tools posted Q1 FY27 (June 2026) revenue of just Rs 3.00 lakhs, down about 82% from Rs 17.10 lakhs in Q1 FY26. Loss narrowed slightly to Rs 15.61 lakhs from Rs 16.64 lakhs. Net worth is fully eroded at negative Rs 611.31 lakhs. Auditor issued a qualified conclusion (unprovided interest of Rs 30.91 lakhs on inter-corporate loan) and flagged material uncertainty on going concern, as outside liabilities of Rs 646.30 lakhs far exceed total assets of Rs 34.99 lakhs. Board also approved shifting registered office to Banjara Hills and AGM on 15 September 2026.
Severe financial distress with going concern flag, fully eroded net worth, and sharp revenue decline pose significant risk to shareholders.