Miven Machine Tools Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges with zero revenue generation and mounting losses. The company's Board of Directors approved these results during their 205th meeting held on February 6, 2026, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's financial performance for Q3 FY26 reflects significant operational difficulties with no improvement from the previous year:

Expense Analysis

The company's operational expenses during Q3 FY26 comprised primarily of employee benefits and operating expenses:

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported a cumulative net loss of ₹46.78 lakhs compared to ₹45.48 lakhs in the corresponding period of the previous year. Total expenses for the nine-month period amounted to ₹46.78 lakhs, with employee benefits expense at ₹17.67 lakhs and operating expenses at ₹29.11 lakhs.

Balance Sheet Position

The company's financial position as of December 31, 2025, shows significant stress with complete erosion of net worth:

Auditor Concerns and Going Concern Issues

The company's auditors have raised material uncertainty regarding its ability to continue as a going concern. Total outside liabilities of ₹619.29 lakhs exceed total assets of ₹20.74 lakhs, resulting in complete erosion of net worth. The company has no tangible plant, property, and equipment, and maintains no inventory as of the reporting date.

The auditors noted that the company has not provided for interest amounting to ₹2.81 lakhs payable on inter-corporate borrowing from Miven Mayfran Conveyors Pvt Ltd for the quarter. Management is in discussions with the lender for waiver of the loan and accumulated interest of ₹25.29 lakhs.

Business Operations and Regulatory Compliance

Miven Machine Tools Limited operates in the manufacturing, assembling, trading, and ancillary services of water dispensing machines, which constitutes a single reportable segment. All sales and assets are located in India, with no single major customers during the reporting periods. The company's paid-up equity share capital remains at ₹300.35 lakhs with a face value of ₹10 per share.

The results were reviewed and recommended by the Audit Committee on February 6, 2026, and subsequently approved by the Board of Directors at their meeting held on the same date.

Miven Machine Tools Limited , a publicly listed company on the Bombay Stock Exchange (BSE), has announced a change in its Corporate Identity Number (CIN). The company's CIN has been updated from L29220TS1985PLC197616 to L36000TS1985PLC197616, reflecting a modification in its business objects.

Key Details of the Change

Background and Process

The change in CIN was initiated following shareholder approval at the Annual General Meeting held on September 12, 2025. During this meeting, modifications to the company's Memorandum and Articles of Association were approved, leading to the alteration in the company's business objects.

Regulatory Compliance

The Registrar of Companies has approved the change, as reflected in the Form MGT-14 filed with the Ministry of Corporate Affairs (MCA). Miven Machine Tools Limited has received a fresh Certificate of Incorporation that incorporates the new CIN.

Company Profile

Miven Machine Tools Limited continues to maintain its listing on stock exchanges with the scrip code 522036. The company's financial structure remains as follows:

Implications

While the change in CIN and NIC code suggests a shift in the company's business classification, it's important to note that this doesn't necessarily indicate a change in the company's core operations. Investors and stakeholders may want to monitor future communications from the company for any potential impacts on its business strategy or operations.

The company has informed the BSE of this change, adhering to the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Miven Machine Tools Limited continues to operate from its registered office at 3rd Floor, D.No. 2-93/8 & 2-93/9, Three Cube Towers, White Fields, Kondapur, Hyderabad, Telangana – 500084, India.