The Board of Directors of the Company at its meeting held today i.e. on 24th October 2025 through Audio-Visual means which is deemed to be held at the registered office of the Company situated ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Miven Machine Tools Ltd, at its meeting on 24th October 2025, approved the un-audited financial results for the quarter and half-year ended 30th September 2025, and noted the Related Party Transactions for the quarter. The company reported zero revenue from operations and only Rs. 5.12 lakhs as other income, posting a loss of Rs. 14.79 lakhs for the quarter and Rs. 31.43 lakhs for the half-year, with an EPS of Rs. (0.49) and Rs. (1.05) respectively. The statutory auditor issued a Qualified Conclusion and flagged a Material Uncertainty Related to Going Concern, noting that total outside liabilities of Rs. 601.89 lakhs exceed total assets of Rs. 18.69 lakhs, resulting in complete erosion of net worth (negative other equity of Rs. 833.55 lakhs). The auditor also drew attention via an Emphasis of Matter to the company's shift in business objective from metal cutting/grinding machines to manufacturing and trading of water dispensing machines during the quarter.
This is a deeply negative filing for shareholders — the company is loss-making, has no revenue from operations, its net worth is fully eroded, and the auditor has explicitly raised a going-concern doubt. Combined with the sharp business pivot to water dispensing machines, the stock carries very high risk and is likely to face significant selling pressure.