International Data Management Limited reported a net loss of ₹13.87 lakhs for the financial year ended March 31, 2026, with zero revenue from operations. The company's statutory auditors, M/s. V. Nagarajan & Co., issued an unmodified opinion on the annual financial results but highlighted a material uncertainty regarding the company's ability to continue as a going concern due to its eroded net worth. The financial statements were prepared on a going concern basis based on financial support from the Promoter Group.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The company has significant accumulated losses, and its current liabilities exceed its current assets by ₹438.19 lakhs as of March 31, 2026. The audited results were published in newspapers, Veer Arjun and Financial Express, on May 29, 2026.

Financial Performance

The company recorded a total income of ₹0.01 lakhs for the year ended March 31, 2026, compared to ₹0.60 lakhs in the previous year. Total expenses for the year stood at ₹13.87 lakhs, a marginal increase from ₹13.43 lakhs in FY25. The net loss for the period widened to ₹13.87 lakhs from ₹12.83 lakhs in the corresponding previous year.

For the quarter ended March 31, 2026, the company reported a net loss of ₹4.03 lakhs on a total income of nil. Basic and diluted earnings per share (EPS) for the year were reported at (₹0.63), compared to (₹0.58) in the previous year.

Financial Results Summary

Auditor's Report and Going Concern

M/s. V. Nagarajan & Co., Chartered Accountants, the Statutory Auditors, stated that the company has incurred losses of ₹13.87 lakhs during the current year and ₹12.83 lakhs in the previous year. The auditors noted that the company's net worth is fully eroded and that current liabilities exceed current assets by ₹438.19 lakhs as of March 31, 2026. These conditions raise significant doubt regarding the company's ability to continue as a going concern.

However, the opinion is not modified in respect of this matter as the financial statements were prepared on a going concern basis in view of the financial support from the Promoter Group to meet financial obligations as they fall due. The management obtained a letter providing comfort of financial support from the Promoter Group.

Balance Sheet Position

As of March 31, 2026, the company's total assets stood at ₹7.31 lakhs, comprising non-current assets of ₹0.59 lakhs and current assets of ₹6.72 lakhs. The equity section showed a negative balance of ₹437.60 lakhs, while total liabilities amounted to ₹444.91 lakhs. Borrowings constituted the majority of current liabilities at ₹443.55 lakhs.

Assets and Liabilities

International Data Management Limited (IDM) has announced a change in its shareholding structure following a postal ballot. The company's shareholders have approved the reclassification of Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category.

Voting Details

The resolution for reclassification was passed through a postal ballot process. Here's a breakdown of the voting results:

The remote e-voting period ran from October 10 to November 8, with 17,116 shareholders eligible to vote as of the cut-off date of October 3.

Regulatory Compliance

This reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prior to the shareholder vote, BSE Limited had granted a no-objection for this reclassification in September.

Implications

The reclassification of Apollo Trading and Finance Private Limited from 'Promoter' to 'Public' category may have implications for the company's shareholding structure and could potentially affect future corporate actions and disclosures.

Transparency and Disclosure

In line with regulatory requirements, International Data Management Limited has:

• Uploaded the voting results and scrutinizer's report on the company's website
• Submitted the results to BSE Limited
• Published public notices in widely circulated newspapers (Financial Express in English and Veer Arjun in Hindi)

This reclassification marks a change in IDM's ownership structure, reflecting the company's adherence to regulatory standards in corporate governance.