StockWatch
·
Consulting Services
Quarterly Result28 May 2026, 10:54 pm

International Data Management Ltd FY26 Loss ₹13.87L; Going Concern Doubt

AI Summary

International Data Management Limited's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, on May 28, 2026. The company reported a loss of ₹13.87 lakhs for the current year and ₹12.83 lakhs for the previous year. Its net worth is fully eroded, with current liabilities exceeding current assets by ₹438.19 lakhs as of March 31, 2026. The statutory auditors, M/s. V. Nagarajan & Co., issued an unmodified opinion but highlighted a material uncertainty regarding the company's ability to continue as a going concern. The financial statements were prepared on a going concern basis due to financial support from the Promoter Group.

Key Highlights

  • Board approved audited financial results for FY26 on May 28, 2026.
  • Company reported a loss of ₹13.87 lakhs for the year ended March 31, 2026.
  • Net worth is fully eroded; current liabilities exceed assets by ₹438.19 lakhs.
  • Auditors issued an unmodified opinion but noted going concern uncertainty.
  • Going concern assumption relies on financial support from the Promoter Group.