As per attachment

Going-concern doubtNet loss reportedRevenue declinedNegative operating cash flowResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹28.46

prior close

₹29.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+4.4% vs market

Software Products peers, median of 35sector+0.2%+4.8% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.8 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+5.0+0.6+4.4+0.2+4.8

Next day

+10.2-0.2+10.4-0.6+10.9

+15.7-0.4+16.1-0.5+16.2

+19.6-0.7+20.3-1.8+21.4

+13.4-2.2+15.6-1.8+15.2

+7.7-2.8+10.6-3.8+11.5

-2.7-1.4-1.3-5.5+2.8

15d

-12.3-7.0-5.2-6.6-5.7

-17.8-6.1-11.7-4.9-12.9

-7.2-9.2+2.0-13.3+6.1

-10.5-6.8-3.6-8.3-2.2

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IEC Education's Board approved unaudited standalone and consolidated results for Q2 FY26 and the half-year ended September 30, 2025. The company reported zero revenue from operations and zero other income on both standalone and consolidated bases, with no business activity carried out during the half-year. Standalone loss after tax stood at Rs 3.62 lakh for the quarter (Rs 7.48 lakh for H1), while consolidated loss after tax was Rs 4.14 lakh for the quarter (Rs 8.00 lakh for H1). The statutory auditor flagged a going concern doubt, citing the absence of business activities and noting Rs 4.60 lakh in pending share application money for which no interest/penalty has been provided. Cash and cash equivalents dropped marginally to Rs 0.63 lakh (standalone) and Rs 8.36 lakh (consolidated), with negative operating cash flow.

Likely market impact

This is a significant red flag for shareholders — the auditor has explicitly raised a going concern issue because the company has no business operations and is bleeding cash. With zero revenue, continuous losses, and only Rs 8.36 lakh in consolidated cash reserves, the stock is essentially a non-operating shell with serious survival questions. Investors should treat this as high-risk.