Core Viewpoint - Kandal M Venture Limited has received a letter of noncompliance from Nasdaq due to its closing bid price falling below the required minimum of $1 per share for the last 30 consecutive business days [1]. Group 1: Compliance and Listing Requirements - The company has a compliance period of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement [2]. - If Kandal's closing bid price reaches at least $1 for a minimum of ten consecutive business days during this period, Nasdaq will confirm compliance [2]. - Should the company fail to regain compliance, it may be eligible for additional time, provided it meets other listing requirements [3]. Group 2: Potential Actions and Consequences - To qualify for an extension, Kandal must meet the continued listing requirements for market value of publicly held shares and may need to consider a reverse stock split [3]. - If Kandal meets the necessary requirements, Nasdaq will grant an additional 180 calendar days for compliance [4]. - If Nasdaq determines that Kandal is unlikely to cure the deficiency, the company will be notified of potential delisting [4]. Group 3: Current Status and Future Plans - The notification from Nasdaq does not result in immediate delisting, and Kandal's shares will continue to trade under the symbol "FMFC" [5]. - The company is currently evaluating options to regain compliance and is committed to timely addressing Nasdaq's continued listing requirements [5]. Group 4: Company Overview - Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods, primarily producing handbags and smaller leather goods, with manufacturing operations based in Cambodia [6].

Core Insights - Kandal M Venture Limited has received new orders totaling approximately US$4.0 million for the Trans 2026 season, bringing total orders for Fiscal Year 2026 to approximately US$17.2 million, meeting expectations despite tariff challenges in 2025 [2][3] Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia. The company primarily produces various types of handbags and smaller leather goods [4] Customer Confidence - The orders received reflect the confidence customers have in Kandal's manufacturing capabilities and commitment to quality, with a clientele that includes several globally recognized fashion brands based in the United States [3]

Group 1 - The company Kandal M Venture Limited reported customer orders totaling approximately US$6,722,000 for the fiscal year ending March 31, 2026, with orders for the Resort 2026 and Spring 2026 seasons meeting expectations [2][3] - The company aims to increase orders and expand its operations to enhance its geographic presence and customer base [3] - Kandal M Venture Limited specializes in manufacturing affordable luxury leather goods, including various types of handbags and smaller leather items like wallets, with manufacturing operations based in Cambodia [4]

Exhibit 99.1 Kandal M Venture Limited Announces Financial Results, including Higher Revenues and Gross Profits, for Full Year Fiscal Year Ended March 31, 2025 Cambodia, July 30, 2025 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) ("Kandal" or the "Company"), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced its financial results for its Full Year Fiscal Year Ended March 31, 2025. Recent developments: On June 26, 2025, the Compa ...

Core Viewpoint - Kandal M Venture Limited has reported significant growth in revenue and completed a successful IPO, marking a new phase of growth and global recognition for the company [2][3]. Financial Performance - Revenue increased by US$3,214,934 or approximately 23.0%, from US$13,971,743 for the year ended March 31, 2024 to US$17,186,677 for the year ended March 31, 2025, driven by growth in handbag sales and recovery in the global handbag market [4]. - Cost of sales rose by US$3,224,831 or approximately 30.4%, from US$10,604,640 to US$13,829,471 during the same period [5]. - Gross profit decreased by US$9,897 or approximately 0.3%, from US$3,367,103 to US$3,357,206, with a gross profit margin decline of approximately 4.6 percentage points, from 24.1% to 19.5% [6]. - Selling and distribution expenses remained stable at approximately 1.7% of revenue for 2024 and approximately 1.8% for 2025 [7]. - Professional services fees surged by US$822,461 or approximately 1,094.5%, from US$75,147 to US$897,608, primarily due to one-off IPO-related expenses [8][9]. - Net income decreased by US$909,859 or approximately 81.3%, from US$1,119,532 to US$209,673, attributed to increased cost of goods sold and one-off IPO expenses [12]. Cash Flow and Operating Activities - The company generated net cash from operating activities of US$2,134,565 for the year ended March 31, 2025, mainly from net profit of US$228,954 [11]. - Cash inflow was primarily from sales, while cash outflow was mainly for raw material purchases, staff costs, and other operating expenses [10]. IPO and Market Presence - The company completed its IPO on June 25, 2025, selling 2,000,000 Class A ordinary shares at a price of $4.00 per share, with total gross proceeds reaching $9.2 million after the over-allotment option [2][3]. - The IPO marks a significant milestone as the company aims to expand its global presence and enhance production and design capabilities [3]. Company Overview - Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods, primarily handbags, with manufacturing operations in Cambodia [13].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR (Translation of Registrant's name into English) Cayman Islands (Jurisdiction of incorporation ...

As filed with the Securities and Exchange Commission on June 6, 2025. Registration No. 333-282786 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________ Kandal M Venture Limited (Exact name of Registrant as specified in its charter) _________________ Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 3100 | Not Applicable | | --- | --- | --- | | (State or othe ...

As filed with the Securities and Exchange Commission on May 30, 2025. Registration No. 333-282786 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________ Kandal M Venture Limited (Exact name of Registrant as specified in its charter) _________________ Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 3100 | Not Applicable | | --- | --- | --- | | (State or othe ...

Amendment No. 3 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________ Kandal M Venture Limited (Exact name of Registrant as specified in its charter) _________________ Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 3100 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | Padachi Vi ...

Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Kandal M Venture Limited (Exact name of Registrant as specified in its charter) _________________ As filed with the Securities and Exchange Commission on January 16, 2025. Registration No. 333-282786 Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 3100 | Not Applicable | | --- | --- | --- | | (State or ...