Board Meeting Details

The Board of Directors meeting was held on Saturday, November 14, 2026, commencing at 03:00 PM and concluding at 05:30 PM. The meeting considered and approved the unaudited standalone financial results for the second quarter and half year ended September 30, 2026.

Financial Results Approval

The unaudited standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The results include the Limited Review Report issued by statutory auditors SCAN & Co. (previously M.S. Singhatwadia & Co.), Chartered Accountants (ICAI Firm Registration No. 113954W).

Financial Performance Highlights

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹45.77 crore
  • Other Income: ₹5.67 crore
  • Total Income: ₹51.44 crore
  • Employee Benefits Expenses: ₹16.81 crore
  • Depreciation and Amortization Expenses: ₹0.77 crore
  • Other Expenses: ₹47.44 crore
  • Total Expenses: ₹59.02 crore
  • Loss from Operations before tax: ₹(7.58) crore
  • Net Loss for the quarter: ₹(7.58) crore
  • Basic and Diluted EPS: ₹(0.40)

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹46.60 crore
  • Other Income: ₹11.27 crore
  • Total Income: ₹57.87 crore
  • Employee Benefits Expenses: ₹30.07 crore
  • Depreciation and Amortization Expenses: ₹1.61 crore
  • Other Expenses: ₹82.26 crore
  • Total Expenses: ₹113.94 crore
  • Loss from Operations before tax: ₹(56.07) crore
  • Net Loss for the half year: ₹(56.07) crore
  • Basic and Diluted EPS: ₹(2.95)

Comparative Financials

Previous Period Comparisons:

  • Q2 September 30, 2025: Net Loss of ₹(21.59) crore, EPS ₹(1.14)
  • H1 September 30, 2025: Net Loss of ₹(76.61) crore, EPS ₹(4.03)
  • FY Ended March 31, 2026: Net Profit of ₹621.05 crore, EPS ₹32.68

Capital Structure

  • Paid-up equity share capital (face value ₹10 each): ₹190.00 crore (consistent across all periods)
  • Reserves excluding Revaluation Reserves: ₹3,082.70 crore as of September 30, 2026 (compared to ₹3,138.75 crore as of March 31, 2026)

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: ₹3,335.11 crore
  • Non-Current Assets: ₹845.51 crore (including Property, Plant, Equipment: ₹77.27 crore, Deferred Tax Assets: ₹834.24 crore)
  • Current Assets: ₹2,490.60 crore (including Trade Receivables: ₹7,824.70 crore, Cash and Cash Equivalents: ₹4.40 crore, Bank Balances: ₹51.89 crore)
  • Total Equity: ₹3,272.70 crore
  • Current Liabilities: ₹51.11 crore

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Cash Flow from Operating Activities: ₹(404.52) crore
  • Cash Flow from Investing Activities: ₹11.27 crore
  • Net decrease in Cash & Cash Equivalents: ₹(326.22) crore
  • Cash & Cash Equivalents at beginning: ₹390.12 crore
  • Cash & Cash Equivalents at end: ₹63.89 crore

Auditor's Review Report

SCAN & Co. issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe that the financial results have not been prepared in all material respects in accordance with Indian Accounting Standards and SEBI LODR requirements. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Additional Information

The information has been placed on the company's website at www.imecservices.in.