Results for the Quarter ended December, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ikoma Technologies reported a quarterly loss of Rs. 12.41 lakh for Q3 Dec 2025 with zero revenue from operations. For the nine months ended Dec 2025, revenue collapsed to Rs. 166.40 lakh from Rs. 1,324.05 lakh in the same period last year, representing an 87% revenue decline. The company turned profitable for the nine months (PAT Rs. 27.13 lakh vs Rs. 266.70 lakh YoY) but this was driven by very low expense base, not revenue growth. The auditors noted the company's GST registration is currently Inactive. Three independent directors resigned citing concerns about continuous non-compliance, lack of transparency, and failure of management to respond. The company also faced BSE penalties for regulatory non-compliances. The Board appointed 5 new directors including a new CFO to replace the resigning CFO who was also Managing Director.
This filing reveals serious governance concerns with three independent directors resigning over compliance and transparency issues, plus an inactive GST registration. The 87% revenue decline and Q3 loss indicate business deterioration. Shareholders should monitor the proposed takeover of ICM Insurance Brokers and fund-raising plans closely given these red flags.