IEC EDUCATION LTD.

Classified under IT - Software on BSE, with historical segment reporting covering training and education services, other educational services to institutions, and other income. The filings show zero revenue from operations for FY26, and the company itself states it has not carried out any business activity during the year. Standalone net loss for FY26 was Rs 253.33 lakhs versus Rs 25.48 lakhs the prior year, including a one-time balance write-off of Rs 158.79 lakhs. The statutory auditor (S.N. Kapur & Associates) issued a Qualified Opinion flagging a going concern doubt due to the absence of business activity, internal financial controls not made available for audit, long-outstanding Other Financial Assets of Rs 2,404.76 lakhs and Trade Receivables of Rs 292.15 lakhs, unsubstantiated subsidiary investments of Rs 39.53 lakhs, and unpaid statutory dues (PF Rs 3.16 lakhs, Service Tax Rs 2.73 lakhs). Accumulated losses were reported at Rs 12,410.57 lakhs on a standalone basis and Rs 21,036.95 lakhs on a consolidated basis. A subsidiary, RT Packaging Limited, was approved for sale in April 2025 and is classified as a discontinued operation, with an Enforcement Directorate provisional attachment order from September 2024 against it still in effect. The facts contain no operating data such as student count, training centres, course volumes or geographic footprint.