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International Data Management Ltd reported audited results for FY25, showing zero revenue from operations and total expenses of Rs. 13.43 lakhs, leading to a net loss of Rs. 12.83 lakhs (narrowed from Rs. 17.47 lakhs loss in FY24). The company's net worth is fully eroded at negative Rs. 423.73 lakhs, with current liabilities exceeding current assets by Rs. 424.33 lakhs. The statutory auditor issued an unmodified opinion but separately flagged a Material Uncertainty Related to Going Concern, noting the company is dependent on financial support from the Promoter Group to continue operations. Additionally, the board approved Apollo Trading and Finance's request to be reclassified from Promoter to Public category, subject to BSE and shareholder approvals. Operating cash flow remained negative at Rs. -14.41 lakhs, and cash balance fell to Rs. 5.00 lakhs from Rs. 11.41 lakhs a year ago.
This is a distressed micro-cap with no revenue, negative net worth, and an explicit going-concern warning from the auditor. Shareholders face high risk of total loss if promoter support is withdrawn. The promoter reclassification request, if approved, could further reduce promoter stake and signal distancing from the company.