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20-F: FY2024 Annual Report

20-F: FY2024 Annual Report

20-F:2024財年年報
美股SEC公告 ·  07/19 06:07

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SRIVARU Holding Limited, a Cayman Islands-based investment company with a subsidiary in India focused on manufacturing electric two-wheelers, has released its annual financial report for the fiscal year ending March 31, 2024. The company reported a net loss of $11.5 million, a significant increase from the previous year's loss of $0.7 million. Total assets stood at $1.6 million, up from $0.7 million in the prior year. The company's cash and cash equivalents increased to $175,041, while inventory decreased due to compliance with revised Automotive Industry Standards in India. SVH also entered into a Committed Equity Financing Facility agreement to purchase up to $25 million of its ordinary shares over three years. Additionally, the company has implemented a stock split and issued Earnout Shares to certain shareholders without the occurrence of Milestone Events. SVH's management concluded that its internal control over financial reporting was effective as of March 31, 2024, and there were no material changes in internal controls that could affect financial reporting.
SRIVARU Holding Limited, a Cayman Islands-based investment company with a subsidiary in India focused on manufacturing electric two-wheelers, has released its annual financial report for the fiscal year ending March 31, 2024. The company reported a net loss of $11.5 million, a significant increase from the previous year's loss of $0.7 million. Total assets stood at $1.6 million, up from $0.7 million in the prior year. The company's cash and cash equivalents increased to $175,041, while inventory decreased due to compliance with revised Automotive Industry Standards in India. SVH also entered into a Committed Equity Financing Facility agreement to purchase up to $25 million of its ordinary shares over three years. Additionally, the company has implemented a stock split and issued Earnout Shares to certain shareholders without the occurrence of Milestone Events. SVH's management concluded that its internal control over financial reporting was effective as of March 31, 2024, and there were no material changes in internal controls that could affect financial reporting.
SRIVARU Holding Limited是一家總部位於開曼群島的投資公司,在印度擁有一家專注於製造電動兩輪車的子公司。公司發佈了2024年3月31日財年的年度財務報告。該公司報告淨虧損1150萬美元,較上年的虧損70萬美元有顯著增長。資產總額爲160萬美元,比上年的70萬美元增加。公司的現金及現金等價物增加至175,041美元,而庫存因遵守印度修訂後的汽車行業標準而減少。SVH還簽署了承諾性股權融資工具協議,以在三年內購買高達2500萬美元的普通股。此外,該公司已實施了股票分拆,並向某些股東發行了獎勵股份,未發生里程碑事件。SVH的管理層認爲其財務報告的內部控制截至2024年3月31日已經有效,並沒有影響財務報告的重大變化。
SRIVARU Holding Limited是一家總部位於開曼群島的投資公司,在印度擁有一家專注於製造電動兩輪車的子公司。公司發佈了2024年3月31日財年的年度財務報告。該公司報告淨虧損1150萬美元,較上年的虧損70萬美元有顯著增長。資產總額爲160萬美元,比上年的70萬美元增加。公司的現金及現金等價物增加至175,041美元,而庫存因遵守印度修訂後的汽車行業標準而減少。SVH還簽署了承諾性股權融資工具協議,以在三年內購買高達2500萬美元的普通股。此外,該公司已實施了股票分拆,並向某些股東發行了獎勵股份,未發生里程碑事件。SVH的管理層認爲其財務報告的內部控制截至2024年3月31日已經有效,並沒有影響財務報告的重大變化。
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