Yeh kya ho gaya? Miven Machine Tools ne Q3 FY26 ke results announce kiye hain aur numbers ekdum niraash karne wale hain. Company ka revenue operations se sirf ₹3.67 Lakhs raha, jo pichle saal ke ₹11.55 Lakhs se 68.2% kam hai. Total income bhi 61.9% gir kar ₹8.79 Lakhs ho gayi. Lekin expenses ka scene alag hai, woh 38.07% badh kar ₹15.34 Lakhs ho gaye. Iska natija yeh nikla ki company ka net loss ₹4.51 Lakhs se badh kar ₹15.34 Lakhs ho gaya. Per share earnings bhi negative -₹0.51 ho gayi.
Ab aao asli problem par. Company ki net worth negative -₹598.55 Lakhs ho gayi hai! Matlab jeb mein hai hi nahi paisa. Total liabilities lagbhag ₹619.29 Lakhs hain, jabki assets sirf ₹20.74 Lakhs ke hain. Aur upar se, company par ₹475.84 Lakhs ka borrowings bhi hai.
Sabse badi chilling news yeh hai ki company ke auditors ne financial statements mein qualifier laga diya hai. Unko company ke 'going concern' hone par shak hai. Iska matlab hai ki unko doubt hai ki company aage chal paayegi ya nahi. Audit report mein yeh bhi mention hai ki related party Miven Mayfran Conveyors Pvt Ltd se liye gaye ₹25.29 Lakhs ke inter-corporate borrowing par interest provide nahi kiya gaya hai, jabki management waiver negotiate kar raha hai. Company ke paas tangible property, plant & equipment aur inventory bhi nahi hai, jo operational health par aur sawaal khade karta hai.
Management toh bol raha hai ki naye promoters aur business plans se recovery hogi, lekin filhaal sab kuch speculative lag raha hai. Company Water Dispensing Machines banati hai. Dekhna hoga ki yeh situation sudhar paati hai ya nahi.