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20-F: Registration statement / Annual report / Transition report

20-F: Registration statement / Annual report / Transition report

20-F：年度报告/过渡报告/注册声明
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是一家总部位于开曼群岛的投资公司，其印度子公司专注于制造电动两轮车，公布了截止2024年3月31日的财务年报。该公司报告净损失1,150万美元，这与前一年的70万美元净损失相比显著增加。总资产为160万美元，高于前一年的70万美元。公司的现金及现金等价物增至175,041美元，而库存由于遵守印度修订的汽车行业标准而减少。此外，SVH还签订了承诺性股权融资协议，以在三年内购买价值高达2500万美元的普通股。此外，该公司实施了股票拆分，并向某些股东发行挑战事件时未出现的Earnout股份。SVH的管理层认为，截至2024年3月31日，其关于财务报告的内部控制是有效的，并且没有任何可能影响财务报告的内部控制的重大变化。
SRIVARU Holding Limited是一家总部位于开曼群岛的投资公司，其印度子公司专注于制造电动两轮车，公布了截止2024年3月31日的财务年报。该公司报告净损失1,150万美元，这与前一年的70万美元净损失相比显著增加。总资产为160万美元，高于前一年的70万美元。公司的现金及现金等价物增至175,041美元，而库存由于遵守印度修订的汽车行业标准而减少。此外，SVH还签订了承诺性股权融资协议，以在三年内购买价值高达2500万美元的普通股。此外，该公司实施了股票拆分，并向某些股东发行挑战事件时未出现的Earnout股份。SVH的管理层认为，截至2024年3月31日，其关于财务报告的内部控制是有效的，并且没有任何可能影响财务报告的内部控制的重大变化。
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