Board Meeting Details
- Meeting date: Thursday, July 23, 2026
- Meeting time: Commenced at 3:00 PM, concluded at 4:25 PM
- Previous intimation: Dated July 15, 2026
Financial Results Approval
The Board of Directors approved the following:
- Unaudited Standalone Financial Results for quarter ended June 30, 2026
- Unaudited Consolidated Financial Results for quarter ended June 30, 2026
- Limited Review Report of the Auditors for both standalone and consolidated results
Additional Documents Reviewed (Not Applicable)
The board confirmed the following were not applicable:
- Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, QIP
- Format for disclosing outstanding default on loans and debt securities (company has no outstanding loans from Banks/FIs, no NCDs or NCRPs)
- Statement of Impact of Audit Qualifications
- Format for disclosure of Related Party Transactions
Other Board Approvals
- Directors' Report, Corporate Governance Report and Management Discussion and Analysis Report for Financial Year ended March 31, 2026
- Appointment of Preksha Dawet & Associates as Scrutinizer to facilitate remote e-voting & voting at AGM
- Annual General Meeting scheduled for Monday, September 28, 2026 at 10:00 AM through Video Conference/Other Audio Video mode
Standalone Financial Results (Quarter Ended June 30, 2026)
Income Statement (₹ in Lakhs)
- Revenue from operations: ₹0.00
- Other income: ₹0.00
- Total income: ₹0.00
Expenses (₹ in Lakhs)
- Employees benefit cost: ₹3.09 (compared to ₹2.16 in Q1 FY26 and ₹2.35 in Q4 FY26)
- Other expenditure: ₹2.14 (compared to ₹1.69 in Q1 FY26 and ₹14.47 in Q4 FY26)
- Total expenses: ₹5.23 (compared to ₹3.85 in Q1 FY26 and ₹175.60 in Q4 FY26)
Profit/Loss (₹ in Lakhs)
- Loss before tax: ₹(5.23) (compared to ₹(3.85) in Q1 FY26 and ₹(175.60) in Q4 FY26)
- Tax expense: ₹0.00
- Loss after tax: ₹(5.23) (compared to ₹(3.85) in Q1 FY26 and ₹(235.78) in Q4 FY26)
Comparative Figures
- Q1 FY26 (June 30, 2025): Loss of ₹(3.85) lakh
- Q4 FY26 (March 31, 2026): Loss of ₹(235.78) lakh
- Full Year FY26: Loss of ₹(250.29) lakh
Consolidated Financial Results (Quarter Ended June 30, 2026)
Income Statement (₹ in Lakhs)
- Revenue from operations: ₹0.00
- Other income: ₹0.00
- Total income: ₹0.00
Expenses (₹ in Lakhs)
- Employees benefit cost: ₹3.09 (compared to ₹2.16 in Q1 FY26 and ₹2.70 in Q4 FY26)
- Other expenditure: ₹2.14 (compared to ₹1.69 in Q1 FY26 and ₹15.23 in Q4 FY26)
- Total expenses: ₹5.23 (compared to ₹3.85 in Q1 FY26 and ₹176.72 in Q4 FY26)
Profit/Loss (₹ in Lakhs)
- Loss before tax: ₹(5.23) (compared to ₹(3.85) in Q1 FY26 and ₹(176.72) in Q4 FY26)
- Tax expense: ₹0.00
- Loss after tax: ₹(5.23) (compared to ₹(3.85) in Q1 FY26 and ₹(236.90) in Q4 FY26)
- Minority interest: ₹0.00 (compared to ₹(0.88) in Q4 FY26)
Subsidiaries Included
1. IEC Leasing and Capital Management Limited
2. IEC Learning & Management Limited
3. IEC Education & Infrastructure Limited
Auditor's Limited Review Report - Key Findings
Standalone Financials
- Prepared in accordance with Ind AS 34 and Regulation 33 of SEBI LODR
- Qualified conclusion: Company has not carried on any business activity during the quarter
- Insufficient evidence regarding appropriateness of going concern basis due to absence of business operations and documented Board-approved assessment
Consolidated Financials
- Includes results of three subsidiaries as listed above
- Same qualified conclusion regarding going concern assessment for the Group
- Confirmed interim financial results are not material to the Group
Key Operational Notes
- The company has not carried out any business activity during Q1 FY27 (April-June 2026)
- Financial results prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015
- Previous quarter/year figures regrouped/rearranged where necessary
- Results reviewed by Audit Committee and approved by Board of Directors on July 23, 2026
Disclosure Compliance
- Filed pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024
- Results available on company website (www.iecgroup.in) and stock exchange website (www.bseindia.com)