Un-Audited Finanicals Results for the Quarter and half year ended 30th September 2025 along with limited review report
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Awaiting price reaction for this filing.
Miven Machine Tools Limited reported a loss after tax of ₹14.79 lakhs for Q2 FY26 (quarter ended 30 Sept 2025), against a loss of ₹15.21 lakhs in Q2 FY25. For the half year ended Sept 2025, the loss stood at ₹31.43 lakhs versus ₹30.97 lakhs in the prior-year period. Total income fell sharply to ₹5.12 lakhs in Q2 FY26 from ₹11.55 lakhs in Q2 FY25, reflecting very weak operations. The company's net worth is fully eroded, with negative other equity of ₹833.55 lakhs against a share capital of ₹300.35 lakhs, and total liabilities exceed total assets. The auditor issued a qualified conclusion, flagged material uncertainty on going concern, and noted that the company has shifted its business objective from metal-cutting machines to manufacturing and trading of water-dispensing machines.
This is a deeply negative filing for shareholders. The qualified audit opinion, going-concern warning, fully eroded net worth, and pivot to an entirely new business (water-dispensing machines) signal severe financial stress. Stock-price reaction is likely to be negative given the multiple red flags, though thin operations mean limited trading interest.