SRIVARU Holding Completes the Interim Audit and Advances Plan to Comply with Nasdaq Listing Standards

GRAND CAYMAN, Cayman Islands, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced progress in its efforts to gain compliance with Nasdaq listing standards. On September 18, 2024, the Company received a letter from the Office of the General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Nasdaq Hearing Panel’s (the “Panel”) decision to grant SRIVARU’s request for continued listing on Nasdaq. This decision allowed the Company additional time to execute its compliance plan (the “Plan”), subject to the condition that SRIVARU demonstrate compliance with certain requirements for continued listing by November 14, 2024. The Panel would then evaluate the Company’s progress and consider its request for additional time to complete the Plan.