Miven Machine Tools Q2 FY27 Unaudited Financial Results show losses and net worth erosion
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 12 Nov 2026, 01:54 PM IST · BSE ID: fbb24f62-244f-481d-a65d-e310125834bb
View Original BSE Filing (PDF)
💡
In Simple Terms
Miven Machine Tools reported financial losses, with more liabilities than assets, and auditors question its ability to continue operations.
🤖 AI Summary
- Miven Machine Tools Limited approved Unaudited Financial Results for the quarter ended 30th September 2026 (Q2 FY27).
- Company did not provide for interest expenditure on unsecured related party loans, totaling INR 2.8 lakhs for the quarter.
- Total outside liabilities are INR 31.81 lakhs, exceeding total assets of INR 31.22 lakhs, indicating net worth erosion.
- The company reports no tangible Plant, Property and Equipment and no inventory as of the reporting date.
- Auditors noted significant doubt on the company's ability to continue as a going concern.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Unprovided Interest Expenditure (Q2 FY27)
INR 2.8 lakhs
Total Outside Liabilities (as of 30 Sept 2026)
INR 31.81 lakhs
Total Assets (as of 30 Sept 2026)
INR 31.22 lakhs
🏢 How This Affects the Company
The absence of tangible Plant, Property and Equipment and inventory suggests limited operational capacity for current business activities.
The company's total outside liabilities of INR 31.81 lakhs exceeding total assets of INR 31.22 lakhs indicates a complete erosion of net worth.
The lack of tangible assets and inventory could hinder the company's ability to conduct normal business operations.
The auditors have raised significant doubt regarding the company's ability to continue as a going concern, a material uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No direct action required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's financial results, specifically the net worth erosion and going concern doubt noted by auditors.
🔍
Management Signal
The management's presentation of these results, despite significant auditor observations, indicates the company's current financial state and operational challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — review for any improvements in financial health.
Company's specific plan for continuing business, as referenced by auditors.
Update on provision for interest expenditure and its impact on financials.
HIGH RISK
Auditors expressed significant doubt on company's going concern ability due to losses, net worth erosion, and asset deficiencies.
💡 Investor Takeaway
Miven Machine Tools' Q2 FY27 unaudited results show unaudited losses and an unprovided interest expenditure of INR 2.8 lakhs. Total outside liabilities of INR 31.81 lakhs exceed total assets of INR 31.22 lakhs, indicating complete net worth erosion, and auditors noted a significant going concern uncertainty.
⚖️ Strengths & Concerns
⚠️ Concerns
- Company has not provided for interest expenditure on unsecured loan from related parties, amounting to INR 2.8 lakhs for the quarter.
- Total outside liabilities of INR 31.81 lakhs exceed total assets of INR 31.22 lakhs, leading to complete erosion of net worth.
- The company has no tangible Plant, Property and Equipment and no inventory as on the reporting date, impacting operational viability.
📅 Company Track Record
Miven Machine Tools' previous filing on May 27, 2026, informed BSE about a board meeting scheduled for May 30, 2026, to approve FY26 financial results.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Miven Machine Tools' unprovided interest expenses for Q2 FY27?
Miven Machine Tools did not provide for interest expenditure on unsecured loans from related parties, amounting to INR 2.8 lakhs for the quarter ended 30th September 2026.
What is the status of Miven Machine Tools' net worth as of 30th September 2026?
As of 30th September 2026, Miven Machine Tools' total outside liabilities amounted to INR 31.81 lakhs, exceeding total assets of INR 31.22 lakhs, indicating complete erosion of the company's net worth.
What observations did the auditors make about Miven Machine Tools' ability to continue as a going concern?
The auditors expressed significant doubt about Miven Machine Tools' ability to continue as a going concern, citing recurring losses, net worth erosion, and the absence of tangible Plant, Property and Equipment or inventory.
Questions based on this BSE filing only. For information purposes.