AGM Information
Event: 49th Annual General Meeting
Date: Monday, September 28, 2026
Time: 3:30 PM (IST)
Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
Deemed Venue: Registered Office of the Company
E-Voting Details
Remote e-voting period: Commences Friday, September 25, 2026 at 9:00 AM (IST) and ends Sunday, September 27, 2026 at 5:00 PM (IST)
Cut-off date: Monday, September 21, 2026 (for determining shareholders eligible to vote)
E-voting agency: Central Depository Services (India) Limited (CDSL)
Scrutinizer: Mr. Nishant Rana, Proprietor of M/s Rana & Associates, Company Secretaries
Business Items
Ordinary Business:
1. Item No. 1: Adoption of Audited Financial Statements for FY ended March 31, 2026 together with reports of Board of Directors and Statutory Auditors
2. Item No. 2: Re-appointment of Ms. Rita Gupta (DIN: 00899240) as Director liable to retire by rotation
Financial Performance (FY 2025-2026)
Total Income: ₹0.00 lakhs (Previous year: ₹0.60 lakhs)
Total Expenses: ₹13.87 lakhs (Previous year: ₹13.43 lakhs)
Net Loss: ₹13.87 lakhs (Previous year: ₹12.83 lakhs)
Earnings Per Share: -₹0.63 (Basic and Diluted) (Previous year: -₹0.58)
Financial Position (as at March 31, 2026)
Paid-up Equity Share Capital: ₹220.00 lakhs (22,00,000 equity shares of ₹10 each)
Other Equity: ₹-657.60 lakhs
Total Equity: ₹-437.60 lakhs (fully eroded)
Current Liabilities: ₹444.91 lakhs
Current Assets: ₹6.72 lakhs
Net Current Liabilities: ₹438.19 lakhs
Property, Plant and Equipment: ₹0.59 lakhs
Total Assets: ₹7.31 lakhs
Key Financial Ratios
Current Ratio: 0.02 (Previous year: 0.01)
Debt-Equity Ratio: -1.01 (Previous year: -1.01)
Return on Capital Employed: -2.33% (Previous year: -3.36%)
Borrowings
Loan from Related Party (HCL Corporation Private Limited): ₹443.55 lakhs (Previous year: ₹427.55 lakhs)
Nature: Interest-free, repayable within twelve months or on demand
Additional borrowing during FY26: ₹16.00 lakhs
Dividend Recommendation
No dividend recommended for FY 2025-2026 due to losses incurred during the year and accumulated losses.
Corporate Governance
Board Composition: 5 Directors (2 Independent Directors)
Board Meetings: 6 meetings held during FY25-26
Attendance: All directors attended all 6 board meetings
Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee
Director Re-appointment Details
Ms. Rita Gupta: Chartered Accountant and Law Graduate with over 30 years experience in corporate finance, treasury, fund management, and risk management
Date of Birth: October 21, 1962
Age: 63 years
First Appointment: March 31, 2015
Directorships in other companies: 6 companies including Vama Sundari Investments, Guvi Geek Network, HCL Infotech, Universal Office Automation, HCL Software Products, HCL Infosystems
Shareholding in IDML: Nil
Remuneration: Not paid any remuneration
Shareholding Pattern
Promoter Holding: 23.53% (517,625 shares)
HCL Corporation Private Limited: 22.28% (490,125 shares) - Associate Company
Public Shareholding: 76.47%
Promoter Reclassification: Apollo Trading and Finance Private Limited reclassified from Promoter to Public category during FY26 after receiving BSE approval (September 12, 2025) and shareholder approval (November 10, 2025)
Material Uncertainty
Auditors highlighted material uncertainty regarding going concern due to:
- Accumulated losses of ₹657.60 lakhs
- Net worth fully eroded
- Current liabilities exceed current assets by ₹438.19 lakhs
- No business operations during the year
Management basis: Financial support from Promoter Group
Other Disclosures
CSR Expenditure: Nil (No obligation as average net profit was nil)
Related Party Transactions: Only loan transactions with HCL Corporation Private Limited
Public Deposits: None accepted or outstanding
Employee Strength: No employees during FY26
Pending Litigations: None significant impacting going concern status
Important Dates
Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
E-voting Results Declaration: Within 2 working days of AGM conclusion
Last Date for Physical Share Regularization: February 4, 2027 (for transfers executed before April 1, 2019)
Communication Details
Compliance Officer Email: idmcomplianceofficer@gmail.com
Company Website: www.idmlimited.in
RTA: Skyline Financial Services Private Limited, Delhi
Banker: Bank of Baroda, Noida
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