This is in response to the email dated 06/03/2024.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mizzen Ventures Ltd has filed a revised intimation with BSE in response to the exchange's email dated 6 March 2024, which had pointed out that the original 29 February 2024 disclosure was missing the board meeting start and end times. The company clarified that its Board of Directors met on 29 May 2023 from 4:00 PM to 4:30 PM and approved the audited financial results for Q4 and full financial year ended 31 March 2023. The attached results show near-zero revenue from operations, a net loss of Rs 0.15 lakh for Q4 FY23 and Rs 0.27 lakh for FY23, with EPS of Rs (0.01) and Rs (0.02) respectively. The balance sheet reveals negative net worth of Rs (73.70) lakhs, total liabilities of Rs 254.43 lakhs, and cash balance of just Rs 0.73 lakhs. Auditor V Ravi & Co. issued an unqualified opinion dated 11 July 2023. The filing also reflects the company's rebranding from Jyothi Infraventures Limited to Mizzen Ventures Limited with a new Managing Director, Sandeep Dsilva.
This is largely a procedural compliance correction rather than fresh news, so no immediate stock reaction is expected. However, the underlying FY23 results are weak — minimal revenue, small but persistent losses, and negative book value signal ongoing financial stress that long-term investors should track closely.