ICDS Ltd has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda of the meeting is to consider the unaudited or audited financial results for the quarter and year ended March 31, 2026. This announcement was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting is convened to review the company's financial performance for the specified period. The board will deliberate upon the financial results, which will determine the company's standing for the fourth quarter and the full fiscal year of 2026.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for designated persons. This closure is effective from April 01, 2026, and will remain in place until May 31, 2026, to prevent potential insider trading activities during the period leading up to the financial results announcement.

The notice was signed by Sujir Prabhakar, Chairman & Managing Director of ICDS Ltd, on May 20, 2026. Shareholders and market participants can await the official release of the financial results following the board meeting.

ICDS Limited's Board of Directors has approved an inter-corporate loan facility of up to Rs 5 crore to Manipal Energy and Infratech Limited. The decision was taken during the Board meeting held on April 29, 2026, which commenced at 03:30 P.M. and concluded at 03:45 P.M. The company has duly informed the stock exchanges about this corporate action under regulatory compliance requirements.

Loan Agreement Details

The inter-corporate loan agreement was executed on April 29, 2026, with specific terms and conditions outlined for both parties. The loan structure has been designed as an unsecured facility with defined repayment parameters.

Regulatory Compliance and Disclosure

ICDS Limited has fulfilled its regulatory obligations by informing both BSE and NSE about this transaction pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under Schedule III of the regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Transaction Characteristics

The loan agreement carries several important characteristics that define its commercial nature. The transaction does not fall within related party transactions, with no shareholding existing between the parties. The parties are not related to promoter or promoter group in any manner, and no special rights such as director appointment or share subscription rights are involved.

Corporate Structure and Terms

The loan facility has been structured with standard commercial terms. The 12% annual interest rate reflects current market conditions for inter-corporate lending. The 12-month repayment timeline provides Manipal Energy and Infratech Limited with adequate flexibility for fund utilization while ensuring timely recovery for ICDS Limited.

As of the disclosure date, no amendments or alterations have been made to the loan agreement. The company has confirmed that there are no potential conflicts of interest arising from this arrangement, and no nominee directors will be appointed on either party's board as part of this transaction. The outstanding loan amount as of the disclosure date remains nil, indicating the facility is yet to be utilized.