Miven Machine Tools Ltd. — Audit Report / Information 2026

May 30, 2026

CA INDIA

V. RAO & GOPI

CHARTERED ACCOUNTANTS

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

Gharonda Paul Apts., 7th Street,

Narayanaguda, Near Telugu Academy,

Hyderabad - 500 029, T.S.

Ph. : 040-23228444

Mobile : 80089 28444, 90329 28444

E-mail : vraoandgopi@yahoo.com

Independent Auditor's Report on Quarterly and Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To,

THE BOARD OF DIRECTORS,

MIVEN MACHINE TOOLS LIMITED.

We have audited the accompanying quarterly and annual statement of Standalone Financial Results of MIVEN MACHINE TOOLS LIMITED (“the Company”), for the Quarter and year ended on 31st March, 2026 (“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”).

Qualified Opinion

Based on our audit and to the best of our information and according to the explanations given to us, except for the matter described in the Basis for Qualified Opinion paragraph, nothing has come to our attention that causes us 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 accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Qualified Opinion

Based on the information provided to us by the management and as stated in Note 4(a) to Standalone Audited financial results, the company has not

2nd Floor, Plot No. 4, Near Pulses, Durgam Cheruvu Road, Madhapur, 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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provided for interest expenditure on Inter Company Loans. This information indicates that if interest expenditure was provided for as at 31st March, 2026 the finance cost and other financial liabilities would have increased by INR 2.81 Lakhs for the Quarter ended as on that date and total comprehensive income and other equity for the said periods would have reduced by INR 2.81 Lakhs.

Material Uncertainty relating to Going Concern

The audited financial results of the company indicate that the company is incurring losses and on the reporting period total outside liabilities which amounts to INR 629.19 Lakhs exceeds the total assets which amounts to INR 33.51 Lakhs which results in erosion of complete Net Worth of the company. Further, the company has no tangible Plant, Property and Equipment and has no inventory as on the reporting date. We draw reference to Note 5 of audited 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 ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Emphasis of Matter

• We draw attention to Note 4(b) to the accompanying Standalone Financial Results about write back of certain liabilities by the company.
• We draw attention to Note 4(c) to the accompanying Standalone Financial Results about write off of assets by the company.

Our opinion is not modified in respect of above matters.

Other Matter

The financial results includes the financial results for the quarter ended 31st March of respective financial years, being the balancing figures

FAR EASTERN
FAR EAST
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between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the relevant financial year, which were subjected to limited review by us and not subjected to any audit. Our report on the Statement is not modified in respect of this matter.

Responsibilities of Management and Those Charged with Governance for the Financial Results

These statements have been prepared on the basis of annual financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit or loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to

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liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing, specified under Section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

As part of an audit in accordance with the Standards on Auditing, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances,

SAN FRANCISCO, CALIF.

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but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

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Enclosures:
Copy of audited Quarterly and Year to Date Financial Results.

For V.Rao&Gopi
Chartered Accountants
Firm Reg.No:003153S

Date: 30.05.2026
Place: Hyderabad
UDIN: 26026990PKEQJD1725

CA. P HanumanthaRao
Partner
M No: 026990

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MIVEN MACHINE TOOLS LIMITED

REGISTERED OFFICE: 26D FLOOR, THREE CUBE TOWERS, WATERHILDS, BORDAFON, HYDERABAD, TELANGABA-500084

CIR: L06800TH1993FLC197616

E-mail: blowch@mivenmachinetools.com / masterrectorial@mail.com Website : www.mivenmachinetools.com

ACNITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31st, 2020

M. Pa.	Particulars	QUARTER ENDED			YEAR ENDED
		1/03-2020 (calibrat)	1/13-2020 (calibrat)	1/03-2020 (calibrat)	1/03-2020 (calibrat)	1/03-2020 (calibrat)
I	Income from operations	-	-	-	-	-
	Revenue from Operations	17.10	-	-	17.10	-
	Other Income	7.59	-	2.76	7.59	11.55
II	Total Revenue (I + II)	24.66	-	2.76	24.66	11.55
IV	Expenses
	a) Cost of materials consumed	-	-	-	-	-
	b) Changes in inventories of finished goods, work-in-progress and stock-in-trade	-	-	-	-	-
	c) Employees benefits expense	7.26	7.06	5.40	24.96	22.53
	d) Finance costs	-	-	-	-	-
	e) Depreciation and amortization expense	-	-	-	-	-
	f) Operating Expense	14.55	8.28	12.18	43.68	50.32
	Total expenses (a to i)	21.82	15.24	18.59	68.02	72.86
V	Profit / (loss) before exceptional items and tax (III-IV)	2.86	-15.24	-15.82	-42.92	-61.21
	Exceptional items (net of tax expense)	-	-	-	-	-
VI	Profit / (loss) before tax (V+VI)	2.86	-15.24	-15.82	-42.92	-61.21
	Tax Expense
VII	a. Current Tax	-	-	-	-	-
	b. Deferred tax	-	-	-	-	-
IX	Profit / (loss) after tax from continuing operations (VII-VIII)	2.86	-15.24	-15.82	-42.92	-61.21
	Other comprehensive income: (GCI)
X	i) Items that will not be reclassified to profit or loss
	a) Remuneration of the defined benefit plans	-	-	-	-	-
	b) Taxes on above	-	-	-	-	-
	ii) Items that may be reclassified to profit or loss
	a) Month to Market of Investments	-	-	-	-	-
	b) Taxes on above	-	-	-	-	-
	Total other comprehensive income	-	-	-	-	-
XI	Total Comprehensive Income for the period (III+II)	2.86	-15.24	-15.82	-42.92	-61.21
	Paid-up Equity Share Capital (less plus of Rs.10 each)	200.25	200.25	200.25	200.25	200.25
	Other Equity (excluding revaluation reserve Rs.85) as at Balance Sheet Date	-	-	-	-	-
XIV	Earnings per equity Share: (basis and Diluted £70 (Rs) before and after exceptional items (not annualised)	0.10	-0.81	-0.52	-1.46	-2.04

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Statement of Assets and Liabilities
Particulars	Figures as at the end of the current year ended 31st March, 2026	(Rs. in lakhs) Figures as at the end of the current year ended 31st March, 2026
ASSETS
(1)Non-current assets
(a) Property, Plant and Equipment	-	-
(b) Capital work-in-progress	-	-
(c) Investment Property	-	-
(d) Goodwill	-	-
(e) Other Intangible assets	-	-
(f) Intangible assets under development	-	-
(g) Biological Assets other than bearer plants	-	-
(h) Financial Assets	-	-
(i) Investments	0.50	0.50
(ii) Trade receivables	-	-
(iii) Loans	-	-
(iv) Others (Refund of Tax due from Government)	-	-
(i) Deferred tax assets (net)	-	-
(j) Other non-current assets	-	-
(2)Current assets
(a) Inventories	-	-
(b) Financial Assets	-	-
(i) Investments	-	-
(ii) Trade receivables	21.95	6.83
(iii) Cash and cash equivalents	0.01	0.04
(iv) Bank balances other than (iii) above	0.71	1.49
(v) Loans	-	-
(vi) Others (Security Deposits)	-	-
(c) Current Tax Assets (Net)	-	-
(d) Other current assets	10.34	4.98
Total Assets	32.81	13.84
EQUITY AND LIABILITIES
A.Equity
(a) Equity Share capital	300.35	300.35
(b) Other Equity	-896.02	-852.10
B.LIABILITIES
(1)Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	365.90	298.60
(ii) Trade payables	-	-
(iii) Other financial liabilities (other than those specified in item (b), to be specified)	-	-
(b) Provisions	-	-
(c) Deferred tax liabilities (Net)	-	-
(d) Other non-current liabilities	-	-
(2)Current liabilities
(a) Financial Liabilities
(i) Borrowings	-	-
(ii) Trade payables	-	-
(a) Total Outstanding dues of Micro and Small Enterprises	0.06	0.06
(b) Total Outstanding dues other than Micro and Small Enterprises	129.35	129.22
(iii) Other financial liabilities (other than those specified in item (c))	124.44	124.44
(b) Other current liabilities	9.44	5.67
(c) Provisions	-	7.59
(d) Current Tax Liabilities (Net)	-	-
Total Equity and Liabilities	33.81	13.84

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MIVEN MACHINE TOOLS LIMITED REGISTERED OFFICE: 3RD FLOOR, THREE CUBE TOWERS, WHITEFIELDS, KONDAPUR, HYDERABAD, TELANGANA-500084 CDI: L36000TS1985PLC197616 E-mail: kiranb@mivenmachinetools.com / mmtecretaria@gmail.com Website : www.mivenmachinetools.com
Statement of Cash Flows for the year ended 31st March, 2026 Rs. in lakhs
Particulars	As at 31st March, 2026	As at 31st March, 2025
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit (Loss) before tax as per Profit and Loss Account	(43.93)	(61.31)
Adjustments for:
Depreciation and Amortisation Expenses	-	-
Finance Costs	-	-
Interest received	-	-
Dividend Received	-	-
Provisions	-	-
Profit on Sale of Assets	-	-
CASH FLOW BEFORE WORKING CAPITAL CHANGES	(43.93)	(61.31)
Adjustments for Working Capital Changes
Change in Trade Receivables	(15.13)	0.02
Change in Other Financial Assets - Short Term	-	0.56
Change in Other Current Assets	(5.36)	(4.98)
Change in Trade Payables	0.13	(0.57)
Change in Other current Liabilities	3.76	(7.25)
Change in Other Provisions	(7.59)	-
Cash Flow (Used) in Operating Activities	(68.11)	(73.53)
B. CASH FLOW FROM INVESTING ACTIVITIES
Sale Proceeds of Assets	-	-
Interest received	-	-
Dividend Received	-	-
Proceed from Maturity of Deposit with Banks held as Margin Money with maturity of Cash Flow from Investing Activities	-	-
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds/ (Payment) from/to Long Term Borrowings	67.30	71.68
Interest Paid	-	-
Changes in Fair Values of Long Term Borrowings	-	-
Cash Flow (Used) in Financing Activities	67.30	71.68
Net Increase / (Decrease) in Cash and Cash Equivalents	(0.81)	(1.85)
Cash and Cash Equivalents at the beginning of the year	1.53	3.38
Cash and Cash Equivalents at the end of the Year	0.72	1.53
Add:
Fixed deposits with original maturity of more than 90 days	-	-
Cash and cash equivalents at end of period as per Financial Statements	0.72	1.53
Cash and Cash Equivalents Comprise :
Cash on Hand	0.01	0.04
Balance with Banks
On Current Accounts	0.71	1.49
On Fixed Deposits	-	-
Cash and Cash Equivalents as per Financial Statements	0.72	1.53
The Cash Flow Statement has been prepared on Indirect Method as provided in Ind AS 7

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Notes:

1. The above results have been prepared in accordance with Indian Accounting Standards ("Ind As") notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other recognised accounting practices and policies, as applicable.

2. Figures have been re-classified/rearranged / re-grouped, wherever necessary, to correspond with the current period's classification / disclosure.

3. The above results were reviewed and recommended by the Audit Committee on 30th May 2026 and subsequently approved by the Board of Directors at their meeting filed on the same date.

4. Regarding Auditors Observation:

a) The Company has not provided for interest payable on Inter-Corporate Borrowing from Miven Mayfran Conveyors Pvt Ltd for the quarter ending 31st March, 2026 as the management is in discussion with the lender for waiver of loan and accumulated interest thereon. The accumulated interest which is under negotiation with the lender amounts to INR 28.10 Lakhs which has not been accounted for cumulatively.

b) Other non operating income of INR 7.59 Lakhs relates to gratuity provision amount relating to the earlier Managing Director Mr. Vikram Ragavesh Sirur, written back which is not payable and corresponding NOC has been obtained from him.

c) Other expenses includes Assets written off of INR 2.26 lakhs which represents sundry debtors which are considered as not recoverable and hence written off.

1. Regarding Auditor's observation on Goin Concern:

Auditor in "Material Uncertainty Related to Going concern" paragraph in the audit report has reported concern regarding company's ability to continue as a Going Concern as Total outside Liabilities of the Company exceed its Total assets by Rs.595.67 Lakhs. Considering the change in management of the company, business plans and support from the new promoters, the company expects to recover from the losses. Accordingly, considering all these facts, the assumption of Going concern is not vitiated even though the net worth is eroded.

1. The Company is engaged in the business of manufacturing heavy-duty water dispensers and proprietary Digital Water Banks and other related activities which is single reportable segment in accordance with Ind AS 108 "Operating Segments." All sales and assets are in India. The Company has no single major customers during the reporting periods.

2. Figures for the quarters ended 31.03.2026 and 31.03.2025 as reported in these financial results, are the balancing figures between audited figures in respect of the full financial years and the published year to date figures up to the end of the third quarter of the respective financial years. Also the figures up to the third quarter ended on 31.12.2025 of the financial year are subject to limited review and not subject to an Audit

Place : Hyderabad
Date : 30.05.2026

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