As per attachment

Going-concern doubtQualified audit opinionRevenue declinedNet loss reportedNegative operating cash flowResults View source PDF Explain this filing

Price

Loading chart…

▲ 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

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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 Limited reported zero revenue from operations for both the quarter and half year ended September 30, 2025, as the company has not carried out any business activity during H1 FY26. Standalone loss after tax stood at Rs. 3.62 lakhs for Q2 and Rs. 7.48 lakhs for H1 FY26, while consolidated loss after tax was Rs. 4.14 lakhs for Q2 and Rs. 8.00 lakhs for H1 FY26. The statutory auditor flagged a 'going concern' uncertainty due to the absence of business activities and also noted Rs. 4.60 lakhs of pending share application money with no interest or penalty provided. Cash and cash equivalents dropped to Rs. 0.63 lakhs (standalone) and Rs. 8.36 lakhs (consolidated), with negative operating cash flows in both. Earnings per share stood at Rs. (0.02) for standalone Q2 and Rs. (0.03) for consolidated Q2.

Likely market impact

This is a deeply negative filing — the company has no operating revenue, is posting continuous losses, and the auditor has formally questioned whether it can continue as a going concern. Existing shareholders should be cautious as the stock faces material solvency and business viability risks, with no clear signs of operational revival.