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.

Miven Machine Tools Limited , a prominent player in the machine tools industry, held its 203rd Board meeting on August 6, 2025, making several key decisions and approving the unaudited financial results for the first quarter ended June 30, 2025.

Q1 FY2025-26 Financial Results

The Board of Directors approved the unaudited financial results for the first quarter of the financial year 2025-26. While specific financial figures were not disclosed, the company's independent auditor, V. Rao & Gopi Chartered Accountants, provided a qualified review report on the standalone unaudited quarterly financial results.

Auditor's Observations

The auditors highlighted a significant concern regarding the company's financial health. They noted that Miven Machine Tools is incurring losses, with total outside liabilities amounting to ₹584.69 crore exceeding total assets of ₹16.30 crore, resulting in a complete erosion of the company's net worth. Additionally, the company has no tangible Plant, Property and Equipment, and no inventory as of the reporting date.

The auditors expressed material uncertainty relating to the company's ability to continue as a going concern. However, they mentioned that the company has plans for continuing its business, as stated in Note 5 of the unaudited financial results.

Key Board Decisions

Appointment of Secretarial Auditor

The Board appointed M/s. SPP & Associates, Company Secretaries, Hyderabad, as the Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30.

Internal Audit and Compliance

The Board took note of the Internal Audit Report, regulatory submissions, and statutory compliances for the quarter ended June 30, 2025.

40th Annual General Meeting Preparations

The Board approved various measures for the upcoming 40th Annual General Meeting, including:

• Fixing the record date and/or book closure date
• Appointing a scrutinizer for conducting the AGM
• Setting the cut-off date for voting
• Appointing Central Depository Services (India) Limited (CDSL) for providing e-voting facilities

Corporate Governance

The Board evaluated the performance of its Directors and committees, and took note of the certificate of non-disqualification of Directors.

Financial Reporting

The Director's Report, including the management discussion and analysis report, was approved for the financial year ended March 31, 2025.

Constitutional Changes

The Board noted decisions to seek members' approval for changes to the Memorandum of Association's main object clause and the adoption of a new set of Articles of Association in line with the Companies Act, 2013.

Looking Ahead

Despite the auditor's concerns about the company's financial health, Miven Machine Tools Limited appears to be taking steps to address its challenges and maintain transparency with its stakeholders. The upcoming Annual General Meeting will likely be a crucial event for shareholders to gain more insights into the company's plans for financial recovery and future growth strategies.

Investors and stakeholders will be keenly watching how Miven Machine Tools navigates its current financial situation and implements strategies to improve its business performance in the coming quarters.