International Data Management Limited (IDM) has received approval from the Bombay Stock Exchange (BSE) to reclassify Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category. This development marks a significant change in the company's shareholding structure.

Reclassification Details

Apollo Trading and Finance Private Limited currently holds 38,220 equity shares, representing a 1.74% stake in International Data Management Limited. The reclassification process began when IDM submitted an application to the BSE on May 31, 2025. After careful consideration, the BSE granted its no-objection through a letter dated September 12, 2025.

Official Confirmation

In a filing to the BSE on September 15, 2025, International Data Management Limited's Company Secretary & Compliance Officer, Pradeep Tahiliani, confirmed the receipt of the BSE's no-objection letter. The communication stated:

"BSE Limited vide letter bearing no. LIST/COMP/DN/437/2025-26 dated 12 September, 2025 has granted No-objection for reclassification of Apollo Trading and Finance Private Limited, from 'Promoter Category' to 'Public Category'."

Regulatory Compliance

The reclassification process follows the guidelines set forth under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation outlines the procedures and requirements for the reclassification of promoter shareholding in listed entities.

Impact and Implications

While the reclassification does not alter Apollo Trading's shareholding percentage, it does change the categorization of their stake in the company. This move could potentially impact the overall promoter holding in International Data Management Limited and may have implications for the company's governance structure and public float.

Investors and market participants are advised to take note of this change in the company's shareholding pattern. As always, it is recommended to consider such corporate actions in the context of overall investment strategies and to conduct thorough research before making investment decisions.

International Data Management Limited (IDM) has released its unaudited financial results for the quarter ended June 30, 2025, revealing a continued loss but with a slight improvement from the previous quarter. The company has also announced the appointment of a new Secretarial Auditor, subject to shareholder approval.

Financial Performance

IDM reported a net loss of Rs 5.05 lakh for Q1 FY2025-26, compared to a loss of Rs 4.23 lakh in the same quarter of the previous year. The company's performance showed a marginal improvement from the previous quarter (Q4 FY2024-25), which had reported a loss of Rs 2.93 lakh.

Key financial highlights for the quarter include:

The company continued to report zero revenue from operations, a trend observed in previous quarters as well. Total expenses for the quarter stood at Rs 5.05 lakh, higher than both the previous quarter and the same quarter last year.

Appointment of New Secretarial Auditor

In a significant development, IDM's Board of Directors has approved the appointment of M/s Rana & Associates, Company Secretaries, as the company's Secretarial Auditor. The appointment is for a term of five consecutive years, from the financial year 2025-26 to 2029-30, subject to shareholder approval at the upcoming 48th Annual General Meeting.

M/s Rana & Associates, established in August 2019, is led by Mr. Nishant Rana, a Fellow Company Secretary. The firm specializes in corporate legal and advisory services, with a focus on Secretarial Audit and company law compliances. It holds Peer Review Certificate No. 5647/2024 and is registered with the Institute of Company Secretaries of India under Unique Code: S2019DE693800.

Board Meeting Details

The company's Board of Directors met on August 12, 2025, to consider and approve the unaudited financial results. The meeting, which commenced at 3:30 PM and concluded at 4:30 PM, also saw the approval of the new Secretarial Auditor's appointment based on the Audit Committee's recommendation.

IDM has stated that it will publish the extract of the unaudited financial results in both English and Hindi language newspapers, in compliance with regulatory requirements.

As International Data Management Limited continues to navigate challenging financial waters, the appointment of a new Secretarial Auditor may signal the company's commitment to maintaining robust corporate governance practices. Shareholders and market observers will be keenly watching for any signs of operational improvements or strategic shifts that could potentially reverse the company's loss-making trend in the coming quarters.