SRIVARU Holding Ltd Files 20-F/A Amendment

TL;DR

SRIVARU Holding Ltd filed an amended 20-F for FY24, updating share and warrant info.

AI Summary

SRIVARU Holding Ltd filed an amendment (20-F/A) on July 23, 2024, for the fiscal year ending March 31, 2024. The filing pertains to their operations in the motor vehicles and passenger car bodies industry. Key financial reporting elements include ordinary shares, warrants, and common stock, with data points for March 31, 2024, and March 31, 2023.

Why It Matters

This amendment provides updated financial information and disclosures for SRIVARU Holding Ltd, which is crucial for investors and stakeholders to assess the company's financial health and strategic direction.

Risk Assessment

Risk Level: medium — As a 20-F/A filing, it indicates a potential correction or update to previously filed information, which could signal underlying issues or changes in reporting.

Key Numbers

• 2024-03-31 — Fiscal Year End (Reporting period for the amended filing)
• 2023-03-31 — Prior Year End (Comparative financial reporting period)

Key Players & Entities

• SRIVARU Holding Ltd (company) — Filer of the 20-F/A amendment
• 0001493152-24-028749 (filing_id) — Accession number for the filing
• 20240723 (date) — Filing date of the amendment
• 20240331 (date) — Fiscal year end date
• 3711 (industry_code) — Standard Industrial Classification for Motor Vehicles & Passenger Car Bodies

FAQ

Key Financial Figures

• $0.000001 — Class A common stock of MOBV, par value $0.000001 per share. " MOBV Public Warrant " me
• $11.50 — of common stock at an exercise price of $11.50 per share. " MOBV Shares " means the
• $11.482 million — to common shareholders of approximately $11.482 million and $0.674 million years ended March 31
• $0.674 million — rs of approximately $11.482 million and $0.674 million years ended March 31, 2024 and 2023, re
• $12.247 million — d accumulated deficit was approximately $12.247 million and $0.971 million, respectively. SVH e
• $0.971 m — t was approximately $12.247 million and $0.971 million, respectively. SVH expects to con

Filing Documents

• form20-fa.htm (20-F/A) — 1519KB
• ex12-1.htm (EX-12.1) — 11KB
• ex12-2.htm (EX-12.2) — 11KB
• ex13-1.htm (EX-13.1) — 6KB
• ex13-2.htm (EX-13.2) — 6KB
• ex15-1.htm (EX-15.1) — 5KB
• ex97-1.htm (EX-97.1) — 49KB
• form20-fa_001.jpg (GRAPHIC) — 10KB
• 0001493152-24-028749.txt ( ) — 5601KB
• svmh-20240331.xsd (EX-101.SCH) — 39KB
• svmh-20240331_cal.xml (EX-101.CAL) — 62KB
• svmh-20240331_def.xml (EX-101.DEF) — 131KB
• svmh-20240331_lab.xml (EX-101.LAB) — 270KB
• svmh-20240331_pre.xml (EX-101.PRE) — 211KB
• form20-fa_htm.xml (XML) — 740KB

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers 5

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable 5

Key Information

Item 3. Key Information 5

Information on the Company

Item 4. Information on the Company 34

Unresolved Staff Comments

Item 4A. Unresolved Staff Comments 36

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects 36

Directors, Senior Management and Employees

Item 6. Directors, Senior Management and Employees 44

Major Shareholders and Related Party Transactions

Item 7. Major Shareholders and Related Party Transactions 49

Financial Information

Item 8. Financial Information 51

The Offer and Listing

Item 9. The Offer and Listing 52

Additional Information

Item 10. Additional Information 53

Quantitative and Qualitative Disclosures About Market Risk

Item 11. Quantitative and Qualitative Disclosures About Market Risk 62

Description of Securities Other than Equity Securities

Item 12. Description of Securities Other than Equity Securities 62 PART II 63

Defaults, Dividend Arrearages and Delinquencies

Item 13. Defaults, Dividend Arrearages and Delinquencies 63

Material Modifications to The Rights of Security Holders and Use of Proceeds

Item 14. Material Modifications to The Rights of Security Holders and Use of Proceeds 63

Controls and Procedures

Item 15. Controls and Procedures 63

[Reserved]

Item 16. [Reserved] 63

Audit Committee Financial Expert

Item 16A. Audit Committee Financial Expert 63

Code of Ethics

Item 16B. Code of Ethics 64

Principal Accountant Fees and Services

Item 16C. Principal Accountant Fees and Services 64

Exemptions from The Listing Standards for Audit Committees

Item 16D. Exemptions from The Listing Standards for Audit Committees 64

Purchases of Equity Securities by The Issuer and Affiliated Purchasers

Item 16E. Purchases of Equity Securities by The Issuer and Affiliated Purchasers 64

Change in Registrant's Certifying Accountant

Item 16F. Change in Registrant's Certifying Accountant 64

Corporate Governance

Item 16G. Corporate Governance 64

Mine Safety Disclosure

Item 16H. Mine Safety Disclosure 64

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 64

Insider Trading Policies

Item 16J. Insider Trading Policies 65 PART III 66

Financial Statements

Item 17. Financial Statements 66

Financial Statements

Item 18. Financial Statements 66

Exhibits

Item 19. Exhibits 67 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 20-F (including information incorporated by reference herein, the "Report") includes statements that express SVH's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results of operations or financial condition and therefore are, or may be deemed to be, "forward looking statements" as defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve significant risks and uncertainties. All statements other than or assumed future results of operations or our performance. Words such as "expects," "intends," "plans," "believes," "anticipates," "estimates," and variations of such words and similar expressions are intended to identify the forward-looking statements. The risk factors and cautionary language referred to or incorporated by reference in this Report provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations described in our forward-looking statements, including among other things, the items identified in the section entitled " Risk Factors " of the Company's Amendment No. 3 of the Registration Statement on Form F-4 (333-272717) filed with the Securities and Exchange Commission (the "SEC") on August 22, 2023 (the "Form F-4"), which are incorporated by reference into this Report. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Report. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expect

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View this 20-F/A filing on SEC EDGAR