IMEC Services Limited has announced a significant shareholding change involving the transfer of equity shares from a promoter entity to a non-promoter organization. The transaction represents a notable shift in the company's ownership structure and has been disclosed in compliance with regulatory requirements.

Transaction Details

The share transfer involves Param Foundation Private Limited, a promoter entity of IMEC Services, selling 28,500 equity shares to Maan Resources Private Limited, classified as a non-promoter entity. The transaction details are summarized below:

Promoter Holdings Context

Prior to this transaction, Param Foundation Private Limited held a substantial stake in IMEC Services Limited. The promoter entity owned 4,00,720 equity shares of ₹10 each, representing 21.09% of the company's total paid-up share capital. This transfer of 1.5% reduces the promoter's holding while introducing a new non-promoter stakeholder to the company's ownership structure.

Regulatory Compliance

The disclosure has been made in accordance with multiple regulatory frameworks. The company has fulfilled its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The transaction also complies with other applicable provisions of SEBI rules and regulations.

Corporate Communication

IMEC Services Limited, through its Company Secretary and Compliance Officer Adnan Kanchwala, formally communicated this transaction to BSE Limited on December 31, 2025. The company has also committed to making this information available on its official website at www.imecservices.in , ensuring transparency and accessibility for all stakeholders.

This shareholding change reflects the dynamic nature of equity ownership in listed companies and demonstrates IMEC Services' commitment to maintaining proper disclosure standards as required by securities market regulations.

IMEC Services Limited , a company listed on the BSE, has reported a substantial decrease in revenue for the quarter and half-year ended September 30, 2025. The unaudited financial results, approved by the company's Board of Directors on November 14, 2025, reveal several key financial metrics that indicate challenges faced by the company during this period.

Revenue and Profitability

The company's revenue from operations saw a dramatic decline compared to the previous year. For the half-year ended September 30, 2025, IMEC Services reported:

The company attributed this significant reduction in revenue to the completion of certain large service contracts in the prior year.

Expenses and Profitability

Despite the sharp decline in revenue, IMEC Services continued to incur substantial expenses:

The mismatch between revenue and expenses resulted in a loss before tax of ₹76.61 lakhs for the half-year period.

Auditor's Concerns

The company's auditors, M/s. SCAN & Co. (previously M.S. Singhatwadia & Co.), highlighted two significant concerns in their limited review report:

1. Professional fees amounting to ₹44.33 lakhs were charged against a revenue of only ₹21.54 lakhs.
2. Unrealized accounts receivable of ₹20.40 crores from a contract executed in 2023, with only ₹15 lakhs realized over the past nine months.

Balance Sheet Position

As of September 30, 2025, IMEC Services reported:

Cash Flow

The company's cash flow statement revealed a significant decrease in cash and cash equivalents:

Management Commentary

While specific management commentary was not provided in the financial results, the significant decline in revenue and the concerns raised by auditors suggest that IMEC Services may be facing operational and financial challenges.

Investors and stakeholders will likely be looking for more clarity from the management on the company's strategy to address these issues, including plans to secure new contracts, improve cash flow, and manage expenses in line with the reduced revenue.