This is in response to email dated 06/03/2024
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Awaiting price reaction for this filing.
Mizzen Ventures Ltd (formerly Jyothi Infraventures Ltd, Scrip Code: 531537) has submitted a revised intimation to BSE in response to the exchange's email dated 06/03/2024, which had pointed out that the Board Meeting commencement and conclusion times were missing from the original 29-Feb-2024 filing. The company has now disclosed that its Board of Directors met on 14th November 2023 from 4:00 PM to 4:30 PM and approved the unaudited financial results for the quarter and half year ended 30th September 2023 along with the statutory auditors' limited review report. The enclosed financials show a small loss of around Rs 0.27 lakh for the period, EPS of negative Rs 0.01-0.02, paid-up equity capital of Rs 154.79 lakh, negative reserves of Rs 228.49 lakh, and total borrowings of Rs 195.14 lakh against total assets of Rs 180.72 lakh.
This is a delayed compliance housekeeping disclosure, not new business information, so no material price impact is expected. However, the underlying financials remain weak — the company is loss-making with eroded reserves and borrowings exceeding assets — which signals ongoing financial stress for shareholders.