Nature of the Disclosure

This is a regulatory filing submitted to the BSE Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It discloses the outcome of a Board of Directors meeting held on October 29, 2026, where the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, were approved.

Key Quantitative Figures - Standalone (Rs. in Lakhs)

For the quarter ended September 30, 2026:

  • Total Income: ₹0.00
  • Total Expenses: ₹14.37
  • Employee Benefit Cost: ₹2.63
  • Other Expenditure: ₹11.74
  • Loss Before Tax: ₹(14.37)
  • Tax Expense: ₹88.56 (entirely from a "Previous Year Tax Demand on Portal")
  • Net Loss After Tax: ₹(102.93)
  • Earnings Per Share (Basic/Diluted): ₹(0.67)

For the half year ended September 30, 2026:

  • Total Income: ₹0.00
  • Total Expenses: ₹19.60
  • Loss Before Tax: ₹(19.60)
  • Tax Expense: ₹88.56
  • Net Loss After Tax: ₹(108.16)
  • Earnings Per Share (Basic/Diluted): ₹(0.71)

Comparative Figures (Quarter ended September 30, 2025):

  • Net Loss After Tax: ₹(3.62)

Previous Full Year (Audited, ended March 31, 2026):

  • Net Loss After Tax: ₹(250.29)

Key Quantitative Figures - Consolidated (Rs. in Lakhs)

For the quarter ended September 30, 2026:

  • Net Loss After Tax: ₹(103.51)
  • Earnings Per Share (Basic/Diluted): ₹(0.68)

For the half year ended September 30, 2026:

  • Net Loss After Tax: ₹(108.74)
  • Earnings Per Share (Basic/Diluted): ₹(0.71)

Dates of Action

  • Board Meeting Date: October 29, 2026
  • Meeting Time: 3:00 PM to 3:40 PM
  • Period Reported: Quarter and Half Year ended September 30, 2026
  • Filing Date: October 29, 2026

Parties Involved

  • Subsidiaries (for consolidated results): IEC Leasing and Capital Management Limited, IEC Learning & Management Limited, IEC Infracon & Infrastructure Limited
  • Stock Exchange: BSE Limited
  • Auditors: S.N. Kapur & Associates, Chartered Accountants (FRN: 001545C)
  • Company Representatives: Navin Gupta (Chief Executive Officer), Sunil Kumar (Chairman & Independent Director)
  • Auditor Representative: Abhijeet Bhardwaj (Partner)

Purpose and Stated Rationale

The disclosure is a mandatory regulatory compliance requirement following the board meeting to approve and publish the quarterly financial results.

Financial and Operational Impact

  • The company reported zero revenue from operations for the current quarter, half-year, and the corresponding previous periods.
  • The company explicitly stated: "The Company has not carried out any business activity during half yearly ended of Financial Year 2026-27."
  • The recognition of a "Previous Year Tax Demand" of ₹88.56 lakh was the primary driver behind the escalated net loss for the period.
  • Expenses were primarily comprised of Employee Benefit Costs and Other Expenditure.

Capital Structure Impact

  • The number of equity shares remained unchanged at 152.60 lakh shares throughout all reported periods, indicating no dilution or change in share capital.

Auditor's Review and Qualifications

The auditors, S.N. Kapur & Associates, issued a limited review report with a key observation:

  • "The absence of business activities may raise substantial doubt regarding the entity's ability to continue as a going concern."
  • For the consolidated results, the auditors noted this matter but added that management believes the company can continue as a going concern due to upheld statutory compliances and governance.

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total Assets: ₹2679.61 Lakhs
  • Investments (Non-current): ₹39.53 Lakhs
  • Trade Receivables (Current): ₹292.15 Lakhs
  • Other Financial Assets (Current): ₹2276.85 Lakhs
  • Cash and Cash Equivalents: ₹0.81 Lakhs
  • Total Equity: ₹2660.76 Lakhs
  • Total Liabilities: ₹18.85 Lakhs