As per attached file
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IEC Education Limited has reported zero revenue from operations for FY 2025-26 as the company has not carried out any business activity during the year. The company reported a net loss of Rs 253.33 Lakhs, a significant deterioration from Rs 25.48 Lakhs loss in the previous year. The auditors from S.N. Kapur & Associates issued a Qualified Opinion citing multiple concerns: (1) significant doubt about the company's ability to continue as a going concern due to absence of business activities, (2) internal financial controls not made available for audit verification, (3) Other Financial Assets of Rs 2,404.76 Lakhs and Trade Receivables of Rs 292.15 Lakhs are long outstanding and subject to confirmation, (4) Investments of Rs 39.53 Lakhs in non-operating subsidiaries are not substantiated, (5) statutory dues (PF Rs 3.16 Lakhs, Service Tax Rs 2.73 Lakhs) not deposited, and (6) various write-offs including unsecured loan of Rs 168.19 Lakhs and bad debts of Rs 327.00 Lakhs without proper documentation.
The qualified opinion and multiple audit concerns indicate serious governance and financial health issues. The company is essentially dormant with no business operations, accumulating significant losses and unresolved asset balances. Shareholders should be cautious as the auditors have explicitly raised going concern doubts about the company's ability to continue operations.