With reference to the above subject, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. 29.05.2026 has considered and approved the following: 1. ....
Awaiting price reaction for this filing.
Sriven Multi Tech Ltd reported audited financial results for FY2026 (year ended 31.03.2026). The company posted total revenue of Rs. 16.00 Lacs, with Q4 revenue of Rs. 15.00 Lacs showing improvement from Rs. 4.55 Lacs in Q4 FY25. However, the company reported a net loss of Rs. 20.18 Lacs for FY26, compared to a loss of Rs. 18.73 Lacs in the previous year - indicating widening losses. The balance sheet shows negative reserves of Rs. 1,215.89 Lacs, raising concerns about accumulated losses. Long-term borrowings stand at Rs. 339.66 Lacs. Statutory auditor VASG & Associates issued an unmodified (clean) opinion on the financial statements. The auditors noted the company has defaulted in payment of Term Loan and has incurred cash losses in both the current and immediately preceding financial years.
The stock appears to be a micro-cap with significant financial stress - negative reserves, persistent losses, term loan default, and negative operating cash flow of Rs. 24.13 Lacs indicate high risk. The clean audit opinion provides some comfort but underlying financials remain weak.