This is to inform you that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015, the Board of Directors of the Company at its meeting held today. i.e. ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Miven Machine Tools' Board approved its Q3 FY25-26 unaudited results, reporting total revenue of just Rs 3.67 lakhs, down sharply from Rs 8.79 lakhs in the same quarter last year — a drop of over 58%. The company posted a net loss of Rs 15.34 lakhs for the quarter and Rs 46.78 lakhs for the nine months ended December 2025, with a negative EPS of Rs 0.51. Total outside liabilities of Rs 619.29 lakhs far exceed total assets of Rs 20.74 lakhs, and other equity stands at a deeply negative Rs 898.90 lakhs. The auditor flagged a 'Material Uncertainty Related to Going Concern' and gave a qualified conclusion, noting that Rs 2.81 lakhs in interest on a related-party loan was not provided for, with cumulative unpaid interest of Rs 25.29 lakhs. The Board also approved surrendering its equity investment in Shamrao Vithal Co-operative Bank and noted related-party transactions for the quarter.
This is a deeply concerning filing for shareholders — the business is loss-making, revenue is collapsing, net worth is fully eroded, and the auditor has explicitly questioned whether the company can continue as a going concern. The stock carries significant fundamental risk, and any near-term recovery would depend entirely on new promoter support and business revival plans, which are not yet visible in the numbers.