Ikoma Technologies Limited reported a net loss of ₹22.63 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹131.85 lakh in the previous year. The company's revenue from operations for the year stood at ₹166.40 lakh, a significant decline from ₹1,982.75 lakh in FY25. The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M/s NYS & Co., issued an unmodified opinion on the standalone financial results.

Financial Performance

The company recorded a total income of ₹173.43 lakh for FY26, down from ₹2,032.55 lakh in the preceding year. For the quarter ended March 31, 2026, Ikoma Technologies reported a net loss of ₹7.56 lakh on a total income of ₹1.75 lakh. The basic and diluted earnings per share (EPS) for the year stood at ₹0.10, compared to ₹0.57 in FY25.

Board Decisions and Appointments

The board approved several key changes in its leadership structure. Mr. Bhavesh Bhairaram Lohar's designation was changed from Independent Director to Non-Executive Director. Additionally, the board appointed Mr. Nitesh Jain and Ms. Preeti Kiran Mehta as Additional Non-Executive Directors. The regularization of several directors, including Mr. Paras Chand Jain as Executive Director and Mr. Amit Balgotra and Mr. Jatin as Non-Executive Independent Directors, was also approved. The board further regularized Mr. Anil Kumar Kothari as a Non-Executive Independent Director.

Fund Raising and Compliance

While the board discussed raising funds through the issuance of equity shares or other eligible securities via private placement, rights issue, or qualified institutions placement, it decided to defer the matter for consideration at a meeting scheduled for June 5, 2026. Consequently, the trading window for insiders will remain closed until this agenda is discussed. The board also took note of fines levied by BSE for certain non-compliances and decided to file a waiver application for relaxation of the fine.

Ikoma Technologies Limited (formerly known as Vuenow Infratech Limited) has received forfeiture approval from BSE Limited for 6,23,800 partly paid-up equity shares of Rs. 10/- each. The company communicated this development to the stock exchange on May 12, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations.

Forfeiture Details

The forfeiture pertains to equity shares on which the respective holders failed to pay the balance allotment/call money. The action follows the issuance of a Last and Final Reminder-Cum-Forfeiture Notice dated October 12, 1996. The Forfeiture Approval Letter was dated May 12, 2026, and was received from BSE Limited.

The key details of the forfeiture are summarised below:

BSE Notice

BSE Limited issued a formal notice (Notice No. 20260512-17, dated May 12, 2026) under the category "Company related" for the Equity segment, informing trading members of the exchange about the forfeiture. The notice confirmed that Ikoma Technologies Ltd. has forfeited 6,23,800 equity shares of Rs. 10/- each, which were partly paid-up due to non-payment of allotment/call monies. The distinctive numbers of the forfeited shares are detailed in the annexure accompanying the BSE notice.

Company Background

Ikoma Technologies Limited, formerly known as Vuenow Infratech Limited, is registered under CIN: L62099MH1993PLC074167. The company's registered office is located at Z1-3092, Akshar Business Park, Sector 25, Vashi, Navi Mumbai, Sanpada, Thane, Maharashtra-400703. The intimation was signed by Rahul Anandrao Bhargav, Managing Director (DIN: 08548577), on behalf of the company.