The Financial Results for the Quarter and Year ended 31 March 2026 is attached hereto
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Miven Machine Tools Ltd reported a profit of Rs. 2.86 lakhs for Q4 FY26, compared to a loss of Rs. 15.34 lakhs in Q4 FY25. For the full year ended March 2026, the company posted a loss of Rs. 43.93 lakhs, significantly improved from a loss of Rs. 61.31 lakhs in FY25. Revenue from operations stood at Rs. 17.10 lakhs for the year. The auditors issued a qualified opinion due to INR 2.81 lakhs interest expenditure on inter-company loans not being provided for. More critically, the auditors flagged a material uncertainty regarding going concern as total liabilities of Rs. 629.19 lakhs far exceed total assets of Rs. 33.51 lakhs, resulting in complete erosion of net worth. The company has no tangible plant, property, equipment, or inventory. Additional concerns include INR 28.10 lakhs of accumulated interest under negotiation for lender waiver and write-off of sundry debtors worth Rs. 2.26 lakhs.
This is a highly distressed company with severe going concern doubts. The stock faces extreme risk as net worth is completely eroded, liabilities massively exceed assets, and auditors have raised qualified opinion and going concern uncertainty. Shareholders should exercise extreme caution.