Board Meeting Outcome for The Meeting Held On February 14, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IMEC Services' board, meeting on Feb 14, 2026 (12:30 PM–2:45 PM), approved unaudited standalone results for Q3 and nine months ended Dec 31, 2025. Revenue collapsed to Rs 22.44 lakh in the quarter and Rs 52.61 lakh for nine months, down from Rs 2,427.47 lakh a year earlier, as large service contracts completed in the prior year were not replaced. The company posted a net loss of Rs 21.58 lakh for the quarter. The statutory auditor SCAN & Co. flagged three serious concerns: (1) the sharp revenue fall, (2) Rs 67.69 lakh of professional fees with no clear link to Rs 22.44 lakh of revenue, and (3) Rs 19.57 crore of uncollected receivables from a 2023 contract, of which only Rs 1 crore was realized in nine months. Separately, Company Secretary and Compliance Officer Mr. Adnan Kanchwala resigned effective close of business on March 2, 2026, citing an alternate career opportunity.
Highly negative for shareholders – collapsing top line, a key managerial personnel exit, and auditor red flags on uncollected receivables of nearly Rs 20 crore and disproportionate professional costs raise serious governance and going-concern concerns. Expect the stock to react negatively and possible regulatory or investor scrutiny.