ICDS Limited will hold its 55th Annual General Meeting on Thursday, September 24, 2026. The meeting is scheduled for 3:00 pm and will be conducted through video conferencing or other audio-visual means.

The company confirmed that the Register of Members and Share Transfer Book will remain closed from September 16, 2026, to September 24, 2026, inclusive. This closure period is mandated under Section 91(1) of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Digital Participation and Voting

Members can attend and participate in the AGM exclusively through the VC/OAVM facility. The notice of the AGM and the Annual Report for FY26 will be sent electronically to members who have registered their email addresses with the Registrar and Transfer Agent or Depositories.

CDSL provides the electronic voting system for both remote e-voting and voting during the AGM. Members with registered email IDs will receive login credentials via email. These same credentials allow access to the meeting via video conferencing.

Registration for Unregistered Members

Shareholders who have not registered their email addresses must follow specific steps to generate login credentials:

• Physical share holders must register or update their email by writing to Cameo Corporate Services Ltd with their folio number and a self-attested PAN card copy at https://investors.cameoindia.com .
• Demat account holders must register their email addresses with their Depository Participants.

Upon verification, Cameo will forward e-voting login credentials to the registered email address.

Record Updates

Members holding shares in dematerialized mode must intimate changes regarding bank details, ECS mandates, nominations, power of attorney, address, or name changes directly to their Depository Participants. These updates will automatically reflect in the company’s records. Physical share holders must communicate such changes directly to the company.

ICDS Ltd reported a standalone net profit of ₹78.96 crore for the quarter ended June 30, 2026, reversing a net loss of ₹58.58 crore recorded in the preceding quarter. The company’s revenue from operations surged to ₹147.65 crore, up from ₹32.96 crore in the quarter ended March 31, 2026. This performance signals a return to profitability, driven by gains in its financial services and trading segments, as well as other income sources including dividend and interest income.

The Board of Directors, at its meeting held on August 11, 2026, approved the unaudited standalone financial results for Q1FY27. The results were filed with the National Stock Exchange of India Ltd and BSE Ltd pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An extract of the results was published in Udayavani (Kannada daily) and The New Indian Express (English daily) on August 12, 2026.

Financial Highlights

The company’s equity share capital remained unchanged at ₹1,302.67 crore. Earnings per share stood at ₹0.61 for the quarter, compared to a loss per share of ₹0.45 in the previous quarter.

What the Numbers Show

The sharp contrast between the current quarter’s profitability and the prior quarter’s loss highlights the volatility inherent in ICDS Ltd’s business model, which relies heavily on fee-based activities, rental income, and trading gains. While revenue nearly quadrupled quarter-on-quarter, the company continues to operate across four reportable segments: financial services (recovery of loans and advances), trading, rent on premises, and others. The ‘others’ segment includes marketing insurance products for life and general insurers. The management maintains that the company is on a ‘going concern basis’ with positive cash flows following the implementation of a scheme of arrangement sanctioned by the High Court of Karnataka.

Regulatory and Legal Updates

ICDS Ltd opted for the Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 to resolve a tax dispute related to additions under Section 115JA of the Income Tax Act for the assessment year 1998-99. The company filed an application on December 28, 2024, and deposited the demanded tax of ₹113.53 lakhs on January 16, 2025, after authorities determined the liability in Form 2. This amount has been accounted for in the books of accounts on prudence.

Regarding ongoing litigation, the company is pursuing recovery of dues from stock broker Hiten P. Dalal related to an advance of ₹280.56 lakhs paid in FY91-92. Although the Special Court upheld the company’s claim in December 2021, and ₹652.18 lakhs was recovered in May 2022, the broker has appealed to the Supreme Court. The Supreme Court admitted the matter on January 3, 2023, and dismissed the interim stay application. The management expects no further outflow, viewing the Special Court’s order as having attained logical conclusion.

The new Labour Codes, effective November 21, 2025, have not impacted the company’s operations, and management does not foresee any future impact as supporting rules remain unnotified.