The Board in its meeting held on 07th April, 2026 has approved the designation of corporate office of the Company.
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Ikoma Technologies held a board meeting on April 7, 2026, approving several major changes. The company appointed 5 new directors including 1 Executive Director and 4 Independent Directors, while 3 Independent Directors resigned citing concerns about continuous non-compliance, lack of transparency, failure of management to respond, and ongoing legal exposure. The company also appointed a new CFO (Mr. Sanyog Kumar Rathi) replacing Mr. Rahul Bhargav who resigned, and appointed Mr. Kapil Vinod Garg as Company Secretary. Financially, Q3 FY2026 shows zero revenue from operations with a net loss of Rs 12.41 lakhs, compared to revenue of Rs 1,324 lakhs in the same period last year. The company received a limited review report from auditors with a note that the company's GST registration is inactive. The board also approved a termsheet for potential takeover of ICM Insurance Brokers Private Limited and noted BSE fines for non-compliance.
This filing reveals significant governance concerns as three independent directors resigned citing non-compliance and transparency issues. The sharp decline in revenue and negative net worth (-Rs 1,378.88 lakhs) alongside GST inactive status raises red flags for investors. The simultaneous large-scale board changes could indicate restructuring but also uncertainty.