Miven Machine Tools Ltd — Results, 06-08-2025: Result

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ADN

V. RAO & GOPI

CHARTERED ACCOUNTANTS

F.No. : 001, # 3-5-595,

Gharonda Paul Apts., 7tn Street,

Narayanaguda, Near Telugu Academy,

Hyderabad - 500 029, T.S.

Ph. :040-23228444

Mobile : 80089 28444,90329 28444

E-mail : vraoandgopi@yahoo.com

Independent Auditofrs Reviewr Report on standalone

Unaudited Ouarterly Financlal Results

To,

THE BOARD OF DIRECTORS,

MIVEN MACHINE TOOLS LIMITED.

We have reviewed the accompanying statement of Unaudited Standalone

Financial Results of MIVEN MACHINE TOOLS LIMITED ("the Company"), for

the Quarter ended on 30th June, 2025 ("the Statement") being submitted by the

Company pursuant to the requirements of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirement) Regulations 2015 as amended from

time to time ("the Listing Regulations").

This statement, which is the responsibility of the Company's Management and

approved by the Board of Directors, has been prepared in accordance with the

recognition and measurement principles laid down in Indian Accounting

Standard 34 ("Ind As 34 "Interim Financial Reportingl') prescribed under

section 133 of the Companies Act 2013 as amended, read with relevant rules

issued there under and other accounting principles generally accepted in India.

Our responsibility is to express a conclusion on the Statement based on our

review.

We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 24tO "Review of Interim Financial Information

Performed by the Independent Auditor of the EntiQ/', issued by the Institute of

Chartered Accountants of India. This standard requires that we plan and

perform the review to obtain moderate assurance as to whether the {nancialperform the review to obtain moderate assurance as to whether the tfale

statements are free of material misstatement. A review is limited Orrl%,

2nd Flool Plot No. 4, Near Pulses, Durgam Cheruvu Road, Madhapul Hyderabad - 500 081.

D. No. : 26-'10-1, 2nd Floor, Darga Road, Nagarampalem, Guntur - 522 004,A.P. Tel. :0863-2225921

Gannavaram, Vijayawada - 520 002, A.P., Ph. :9394343434, 9676934343

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applied to financial

data and thus grovides less assurance than an audit.

iA review is substantially less in scope than an audit conducted in accordance

Iwith the Standqrds on Auditing and consequently does not enable us to obtain

assurance thati we would be aware of all significant matters that might be

identified in aniaudit. We have not performed an audit and accordingly, we do

not express an audit opinion.

IIBasis for Oualilied Conclusion

U

Based on the information provided to us by the management and as stated in

Note 4 of unaudited financial results, the company has not provided for

interest expenditure on unsecured loan. This information indicates that if

interest expenditure was provided for as at 30ft June, 2025 the finance cost

and other financial liabilities would have increased by INR 2.81 Lakhs for the

Quarter endedas on that date and total comprehensive income and other

equity for theperiods would have reduced by INR 2.81 Lakhs.

Qualifi,ed

Based on our review conducted as above, except for the matter described in the

Basis for Qualified Conclusion paragraph, nothing has come to our attention

that causes up to believe that the accompanying Statement, prepared in

accordance with the recognition and measurement principles laid down in the

aforesaid Indian Accounting Standard and other accounting principles

generally accepited in India, has not disclosed the information required. to be

disclosed in tqrms of Regulation 33 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2075, as amended, including the

manner in which it is to be disclosed,

misstatement.

or that it contains any material

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i

Material Uncgrtainty relating to Going Concern

iThe unaudited financial results of the company indicate that the company is

incurring losses and on the reporting period total outside liabilities which

amounts to INR 584.69 Lakhs exceeds the total assets which amounts to INR

16.30 Lakhs wt'lich results in erosion of complete Net Worth of the company.

Further, the cornpany has no tangible Plant, Property and Equipment and has

no inventory as on the reporting date. We draw reference to Note 5 of

unaudited financial results of the company regarding company's plan for

continuing its business. As stated therein these events or conditions indicate

that a material uncertainty exists that may cast significant doubt on the

company's abilily to continue as a going concern. Our opinion is not modified

in respect of this matter.

i

iOther Matter

We have not iaudited or reviewed the comparative financial information

appearing in the statement of the corresponding quarter ended on 30ft June,

i2024. The comparative financial information appearing in the statement of the

corresponding quarter ended on 30ft June, 2024 are audited by the previous

auditor.

Enclosunes:

Copy of Unaudited Quarterly and Year to Date Financial Results.

Date: 06.08.

Place: Hyder

UDIN: 2o692L

For V.Rao & copi I

Chartered Accountants

Firm Reg.No:003153_q

CA. P Hanumantha Rao

Partner

M No: 026990

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