This is in response to email dated 06/03/2024.
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Awaiting price reaction for this filing.
Mizzen Ventures Ltd has submitted a revised intimation to BSE in response to an exchange query dated 6 March 2024, which had pointed out missing details in its earlier filing of 29 February 2024. The company is now disclosing that its Board of Directors met on 14 August 2023 (4:00 PM to 4:30 PM) and approved the unaudited standalone financial results for the quarter ended 30 June 2023. The Q1 FY24 results show a loss of Rs. 0.15 lakhs on total expenses of Rs. 0.15 lakhs, with EPS of (Rs. 0.01). For comparison, the full year ended 31 March 2023 had reported a loss of Rs. 0.27 lakhs. The limited review report was issued by V. Ravi & Co., Chartered Accountants on 19 December 2023. The company operates in trading of infrastructure building materials and infra works with a single reportable segment.
This is purely a procedural compliance correction with no new business or financial information beyond what was already filed nearly a year ago. The company continues to report negligible revenues and small losses, and the significant delay in corrective disclosure (over a year after the original board meeting) reflects weak compliance practices, though no immediate stock price impact is expected.