GRAND CAYMAN, Cayman Islands, Jan. 13, 2025 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced that it will effect a share consolidation (“Reverse Share Split”) of its ordinary shares at a ratio of 50-for-1, effective as of 12:00 am on January 15, 2025 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1). The Com ...