Ruchi Infotech Pvt. Ltd. has submitted a regulatory disclosure to BSE Limited confirming compliance with SEBI takeover regulations regarding share encumbrances for imec services Limited. The disclosure, dated April 2, 2026, was filed under Regulation 31(4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Declaration

The disclosure confirms that the promoter and promoter group of IMEC Services Limited have not created any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The declaration specifically states that no encumbrance was made on shares held directly or indirectly by the promoter group during this period.

Exception for Previous Encumbrances

The disclosure includes an important caveat regarding existing encumbrances. The promoter group clarified that the declaration excludes shares that were previously encumbered and duly notified to BSE Limited in earlier financial years. This indicates that while no new encumbrances were created during FY26, certain existing encumbrances from previous years remain in place.

Corporate Details and Authorization

The disclosure was signed by Vishal Goswami, Executive Director of Ruchi Infotech Pvt. Ltd., bearing DIN: 05221338. Ruchi Infotech Pvt. Ltd., incorporated with CIN: U32204MH1994PTC281831, is based in Indore, Madhya Pradesh. The company submitted the disclosure to both BSE Limited at Phiroze Jeejeebhoy Towers, Mumbai, and the Audit Committee of IMEC Services Limited.

Regulatory Significance

This disclosure represents mandatory compliance with SEBI's substantial acquisition and takeover regulations, which require promoters to regularly declare the status of their shareholdings and any encumbrances thereon. Such disclosures ensure transparency in corporate ownership structures and help maintain investor confidence in the capital markets.

IMEC Services Limited's Board of Directors convened on February 14, 2026, from 12:30 P.M. to 14:45 P.M., to approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025, and address a key management change.

Financial Performance Overview

The company's Q3FY26 financial results reveal a significant decline in quarterly revenue performance compared to the previous year. The statutory auditors SCAN & Co. (previously M.S. Singhatwadia & Co.), Chartered Accountants, conducted a limited review of these results under Regulation 33 of SEBI Listing Regulations.

Auditor Observations and Key Concerns

The independent auditor's review report highlighted several critical matters requiring attention:

• Revenue Decline: Substantial reduction in quarterly revenue attributed to completion of certain large service contracts in the prior year
• Professional Fees Correlation: The company incurred professional fees of ₹67.69 lakhs during the period, with auditors unable to establish direct correlation with the revenue of ₹22.44 lakhs
• Outstanding Receivables: ₹19.57 crores remain unrealized from accounts receivable, with major portions relating to a 2023 contract and only ₹1 crore realized over the past nine months

Key Management Change

Mr. Adnan Kanchwala (M. No.: A64482) submitted his resignation as Company Secretary and Compliance Officer to pursue alternate career opportunities and professional development.

Regulatory Compliance and Corporate Information

The announcements were made pursuant to Regulation 30, 33, and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) 34 "Interim Financial Reporting" and other accounting principles generally accepted in India.

IMEC Services Limited, incorporated in 1987 with CIN L74110MH1987PLC142326, maintains its registered office at 611, Tulsiani Chambers, Nariman Point, Mumbai, with operational office in Indore, Madhya Pradesh. All disclosed information is available on the company's website at www.imecservices.in .