Outcome of Board Meeting held on 28th May 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IMEC Services Ltd reported a catastrophic collapse in revenue for FY 2025-26, with revenue from operations plummeting to ₹23.01 Lacs from ₹2,822.47 Lacs in the previous year. Despite an operating loss of ₹213.86 Lacs, the company posted a net profit of ₹621.05 Lacs due to a deferred tax credit of ₹834.91 Lacs. Total assets stood at ₹3,397.90 Lacs with equity of ₹3,328.76 Lacs. The auditors flagged a significant outstanding receivable of ₹18.67 Crores from Euroasia Holdings related to Business Auxiliary Services for steel trading, against which only ₹1.65 Crores was recovered during the year. No provision for doubtful debts has been created. Additionally, employee bonuses and ex-gratia remain unpaid, and unspent CSR liability of ₹17 Lacs was carried as a liability.
The near-complete collapse in operating revenue raises serious concerns about the company's business continuity, despite the accounting-driven net profit. The large outstanding receivable from Euroasia without provisions creates significant balance sheet risk. Shareholders should be cautious given the material uncertainty around recoverability and the company's ability to sustain operations without meaningful revenue.