IDM Q4FY26 Results: Net loss widens 8% YoY, net worth fully eroded
- Net loss widened to ₹13.87 lakh in FY26 from ₹12.83 lakh in FY25
- No revenue generated due to paucity of working capital and business constraints
- Current liabilities exceed current assets by ₹438.19 lakh as of March 31, 2026
- Auditors flagged material uncertainty regarding going concern status
- Shareholders to vote on re-appointment of director Rita Gupta at AGM
*this image is generated using AI for illustrative purposes only.
International Data Management Limited (IDM) reported a net loss of ₹13.87 lakh for the fiscal year ended March 31, 2026, widening from a loss of ₹12.83 lakh in the previous year. The company recorded no revenue during the period, citing a lack of business operations due to working capital constraints.
The 49th Annual General Meeting is scheduled for September 28, 2026, where shareholders will adopt the financial statements and vote on the re-appointment of director Ms. Rita Gupta.
Financial Performance
The company incurred total expenses of ₹13.87 lakh in FY26, up from ₹13.43 lakh in FY25. These costs were primarily driven by legal and professional fees of ₹5.51 lakh and listing fees of ₹3.84 lakh. With no income generated, the loss before tax stood at ₹13.87 lakh. Basic loss per share increased to ₹0.63 from ₹0.58 in the prior year.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Income | ₹0 lakh | ₹0.60 lakh |
| Total Expenses | ₹13.87 lakh | ₹13.43 lakh |
| Net Loss | ₹13.87 lakh | ₹12.83 lakh |
Balance Sheet & Liquidity
As of March 31, 2026, IDM’s total assets stood at ₹7.31 lakh, comprising cash and cash equivalents of ₹6.72 lakh and property, plant, and equipment valued at ₹0.59 lakh. Current liabilities totaled ₹444.91 lakh, dominated by borrowings of ₹443.55 lakh from related parties, specifically HCL Corporation Private Limited.
The company’s total equity was negative at ₹(437.60) lakh, reflecting accumulated losses of ₹657.60 lakh against share capital of ₹220.00 lakh. Statutory auditors V. Nagarajan & Co. highlighted a material uncertainty regarding the company’s ability to continue as a going concern, noting that current liabilities exceeded current assets by ₹438.19 lakh.
What the Numbers Show
The company’s operational viability remains entirely dependent on external support. Borrowings from HCL Corporation Private Limited account for 99.7% of total current liabilities (₹443.55 lakh out of ₹444.91 lakh). This concentration indicates that without continued interest-free financial support from the associate company, the firm lacks the liquidity to meet its immediate obligations, given its cash balance of just ₹6.72 lakh.
Will HCL Corporation Private Limited continue to provide interest-free loans to sustain IDM's operations despite the negative equity position?
How might the re-appointment of director Ms. Rita Gupta influence the company's strategy to resolve its working capital constraints?
Are there any potential restructuring plans or asset sales being considered to address the material uncertainty regarding IDM's going concern status?
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