Meeting of Board of Directors of the Company was held on Thursday, May 29, 2025, wherein the Board had inter-alia discussed and approved the Audited Standalone & Consolidated Financial ....
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The Board of Directors of IEC Education Limited, held on May 29, 2025, approved the Audited Standalone and Consolidated Financial Results for FY 2024-25. The company reported zero revenue from operations and recorded a standalone net loss of ₹62.35 lakhs (consolidated loss ₹27.29 lakhs), with EPS of ₹(0.41) on a standalone basis. The statutory auditor, S.N. Kapur & Associates, issued a Qualified Opinion flagging concerns including lack of business activity casting doubt on the going concern assumption, inadequate internal financial controls, unreconciled borrowings of ₹168.19 lakhs, long-outstanding financial assets and trade receivables of over ₹3,000 lakhs combined, and an unconfirmed deferred tax asset of ₹60.18 lakhs. The company stated no new related party transactions were undertaken during the year and has no outstanding bank loans or debt securities.
Shareholders should be cautious as the company is operationally inactive with zero revenue, is loss-making, carries multiple audit qualifications, and has a going concern doubt flagged by the auditor — indicating significant financial weakness and elevated risk for the stock.