Identical Brains Studios disclosed that its promoters and promoter group did not create any encumbrance on shares during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India, confirms that no shares were pledged directly or indirectly other than those previously disclosed. This compliance is pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing was made by Mr. Raghvendra Rai, Managing Director and Authorized Signatory, on behalf of the promoter and promoter group. The declaration addressed the Listing Compliance department of the exchange and the company's Board of Directors. The disclosure ensures transparency regarding the holding status of the company's key shareholders.

The promoter group includes 13 entities, ranging from individual promoters to family members and a corporate entity. The list categorizes members as either Promoter or Promoter's Group. Notably, two members of the promoter group, Anshiv Raghvendra Rai and Siya Raghvendra Rai, are minors and do not hold Permanent Account Numbers (PAN).

Promoter and Promoter Group Details

The following table outlines the individuals and entities within the promoter and promoter group structure as disclosed in the filing:

The company requested the exchange to place this information on record. The disclosure provides assurance to investors regarding the unencumbered status of the promoter holdings for the specified period.

Identical Brains Studios Limited reported a 60% decline in net profit to ₹158.14 lakh for the year ended March 31, 2026, as revenue from operations fell 25% to ₹1912.17 lakh. The company’s board approved the audited standalone financial results for the half year and year ended March 31, 2026, during a meeting held on May 26, 2026.

The total income for FY26 stood at ₹1968.92 lakh, a decrease from ₹2563.10 lakh in the previous year. Total expenses increased to ₹1791.15 lakh from ₹2021.23 lakh in FY25. The basic and diluted earnings per share (EPS) for the year dropped to ₹1.13 from ₹2.82 in the prior year. For the half year ended March 31, 2026, the company reported a profit of ₹21.23 lakh.

The board appointed M/s. Yogesh Bhuva & Co, Chartered Accountants, as the internal auditor for the financial year 2026-27. The firm was appointed for a term of one year at a remuneration decided by the board and the firm mutually. The appointment follows the provisions of Section 138 of the Companies Act, 2013.

S C Mehra & Associates LLP, the statutory auditor, issued an unmodified opinion on the standalone financial results. The auditor confirmed that the results present a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards. The statement of deviation in utilization of funds raised through the Initial Public Offering confirmed no deviation in the use of proceeds as of March 31, 2026.

The company utilized ₹1099.73 lakh out of the total IPO proceeds of ₹1994.76 lakh. Major utilizations included ₹281.90 lakh for the establishment of a Color Grading Digital Intermediate and Sound Studio, ₹177.93 lakh for issue-related expenses, and ₹317.15 lakh for general corporate purposes. The balance sheet as of March 31, 2026, showed total assets of ₹3921.16 lakh, with shareholders' funds at ₹3556.15 lakh.

Financial Performance for FY26

Utilization of IPO Proceeds