GRAND CAYMAN, Cayman Islands and COIMBATORE, India, July 29, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (NASDAQ:SVMH, SVMHW))) ("SRIVARU" or the "Company"), a provider of premium electric motorcycles, announced today that its state-of-the-art electric motorcycle, the PRANA 2.0, has successfully completed its commercial manufacturing and testing cycle and is now available in the Indian market. The PRANA 2.0 is being manufactured and delivered to its product specifications, ensuring a premium experience ...

GRAND CAYMAN, Cayman Islands, July 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ("SRIVARU" or the "Company"), a manufacturer of premium electric motorcycles today announced that on July 24, 2025, the Company received a staff determination letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of the determination of the Nasdaq staff (the "Staff") that because the Company had not regained compliance with t ...

Company Structure and Operations - SVH's significant subsidiary, SRIVARU MOTORS PRIVATE LIMITED, holds a 94% ownership stake and operates in the transportation sector in India[291]. - SVH's organizational structure includes MOBV as a wholly owned subsidiary, enhancing its operational capabilities[290]. Financial Performance and Compensation - The CEO, Mohanraj Ramasamy, has an annual base salary of $271,000 and a target bonus of 25% of his salary, amounting to $67,750[302]. - The CFO, Mr. Leow, has an annual base salary of $216,000, a signing bonus of $24,000, and a target bonus of 25% of his salary, totaling $54,000[303]. Supply Chain and Cost Management - The company has experienced cost increases in logistics, raw materials, and manufacturing, but lower input prices in India have mitigated some of these costs[294]. - Supply chain challenges and higher costs are expected to persist into 2025, with stabilization anticipated in 2026 for certain components[294]. - The company is exposed to potential disruptions in supply for lithium-ion battery cells and semiconductor chips, which are critical for electric vehicle production[597]. Strategic Plans - SVH plans to expand its electric motorcycle sales initially in India, with future international expansion expected to increase currency rate risk exposure[295]. Compliance and Reporting - The company has not reported any significant new accounting pronouncements during the period ended March 31, 2024[293]. - The audit committee consists of independent members, ensuring compliance with Nasdaq listing standards and SEC rules[309].

GRAND CAYMAN, Cayman Islands and COIMBATORE, India, July 08, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW) ("SRIVARU" or the "Company"), a provider of premium electric motorcycles, announced today the successful deployment of advanced AI tools to manage its lead generation platform. This deployment follows the Company's June 16th launch of its booking platform for its flagship product, the PRANA 2.0, a cutting-edge performance electric motorcycle engineered with a focus on value. Si ...

GRAND CAYMAN, Cayman Islands and COIMBATORE, India, July 08, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH; SVMHW) ("SRIVARU" or the "Company"), a provider of premium electric motorcycles, announced today the successful deployment of advanced AI tools to manage its lead generation platform. This deployment follows the Company's June 16th launch of its booking platform for its flagship product, the PRANA 2.0, a cutting-edge performance electric motorcycle engineered with a focus on value. Si ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...