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ICDS Ltd. Earnings Release 2026
63746_rns_2026-05-30_a4c8cfa0-acf9-45fd-8c10-33e93fbc95b2.pdf
Earnings Release
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ICDS LIMITED
Carrying forward a tradition of trust
SEC/IN/NSE/BSE/31.03/2026-27
30th May, 2026
The Manager – Listing Compliance
National Stock Exchange of India Ltd
Exchange Plaza
Bandra Kurla Complex
Bandra (E)
MUMBAI – 400 051
The Manager – Listing Compliance
BSE Ltd
Regd.Office : Floor 25
P J Towers, Dalal Street
MUMBAI – 400 001
STOCK CODE: ICDSLTD
SECURITY CODE: 511194
Dear Sir,
Sub : Newspaper publication of extract of Audited Financial Results.
Pursuant to Regulations 30 and 47 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the copies of the newspaper advertisement published on Saturday, the 30th May, 2026 in respect of extract of Audited Financial Results for the year ended 31st March, 2026 approved by the Board at its meeting held on 29th May, 2026.
The advertisement for the above has been published in the following Newspapers:
- Udayavani Kannada daily.
- The New Indian Express, English Daily.
This information can be viewed on the Company’s Website www.icdslimited.com. and also on the Website of the BSE Ltd i.e, www.bseindia.com and NSE Ltd, i.e, www.nseindia.com.
Kindly take the same on record and acknowledge receipt.
Thanking You,
Yours faithfully,
For ICDS Ltd
SUJIR
PRABHAKAR
Digitally signed by SUJIR PRABHAKAR
Date: 2026.05.30 12:43:59 +05'30'
Sujir Prabhakar
Chairman & Managing Director
(DIN 02577488)
Regd. and Admn. Offices :
Syndicate House, P.B. No. 46, Upendra Nagar, Manipal - 576 104. Phone : 0820-2701500
Mobile : 7411941500 - 05 Website : www.icdslimited.com CIN : L65993KA1971PLC002106
GSTIN : 29AAACI4355H1ZI E-mail : [email protected]
UDAYAVANI - MANIPAL
30-5-2026
ICDS LIMITED
Regd. Office: Syndicate House, Manipal 576104, Udayi Dt., Karnataka
CRII: L65863KA1671PLCO02106, Web: www.icdslimited.com
EXTRACT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / YEAR ENDED MARCH 31, 2026
| Sr. No. | Particulars | Quarter ended | Non ended | |||
|---|---|---|---|---|---|---|
| 31-Mar-2026 (refer note 2) | 31-Dec-2025 (Unaudited) | 31-Mar-2026 (refer note 2) | 31-Mar-2026 (Audited) | 31-Mar-2025 (Audited) | ||
| 1. | Total Revenue from operations (net) | 32.96 | 71.87 | 163.29 | 298.22 | 433.12 |
| 2. | Net Profit/(Loss) for the quarter /year (before tax, exceptional items) | (70.94) | 32.30 | 71.84 | 56.86 | 218.40 |
| 3. | Net Profit/(Loss) for the quarter/year before tax (after exceptional items) | (70.94) | 32.30 | 71.84 | 56.86 | 218.40 |
| 4. | Net Profit/(Loss) for the quarter/ year after tax (after extra-ordinary items) | (58.58) | 29.45 | 68.48 | 46.37 | 81.38 |
| 5. | Total Comprehensive Income for the quarter/year (Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income / (Loss) (after tax)) | (65.79) | 29.45 | 68.61 | 39.16 | 81.51 |
| 6. | Equity Share Capital (face value of Rs.10 each)) | 1,302.87 | 1,302.87 | 1,302.87 | 1,302.87 | 1,302.87 |
| 7. | Receives (excluding Revaluation reserve as shown in the balance sheet of previous year) | - | - | - | - | - |
| 8. | Earnings per share (EPS) (of Rs.10/ each) (not annualised for the quarter): | |||||
| Basic (in rupees) | (0.45) | 0.23 | 0.53 | 0.36 | 0.62 | |
| Diluted (in rupees) | (0.45) | 0.23 | 0.53 | 0.36 | 0.62 |
Notes: 1. The above is an extract of the detailed format of quarterly standalone financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015. The full format of the Quarterly Standalone Financial Results are available on the Stock Exchange websites www.boeindia.com, www.boeindia.com and company's website www.icdslimited.com. 2. The figures of the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and the unaudited year to date figures up to the third quarter of the relevant financial years. 3. The standalone financial results for the quarter and year ended March 31, 2026 has been reviewed and approved by the Audit Committee and approved by the Board of Directors at their meeting conducted on May 29, 2025. 4. The Company carries on its business in four reportable segments viz Financial Services (recovery of loans and advances), trading, rent on premises and others. Others include marketing of the insurance products of life and general insurance companies. The segment reporting of the Company has been prepared in accordance with Ind AS 108 Operating Segments' prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder. The Company has presented the operating segments information on the basis of Consolidated Financial Results. 5. Other income includes dividend income, interest income, unwinding, interest income on financial assets and Fair value gain/(loss) on financial assets, Profit on sale of property, plant and Equipment. 6. The Company in the Financial year 1991-92 had paid an advance to Mr Hileo P Dalal, Stock Broker, amounting to Rs. 280.56 Lakhs towards purchase of securities for its investment purposes, which was required for maintaining SLR required to be maintained against Public Deposits. The stock broker, however, failed to give the delivery of those securities and in the interim had delivered MTNL bonds having face value of Rs.100 Lakhs in part satisfaction of the amount paid. The stock broker got involved in the security scam during that period. MTNL bonds were sold by the Company and it realized Rs.84 lakhs along with interest of Rs.5 lakhs. The Company had followed up for the delivery of the securities for the balance amount and approached the Special Court (Trial of offences relating to Transaction in Securities Act, 1992 of Mumbai, for getting justice and recovery of the dues. The Special Court in the interim held that, the company had to make good the investment sold by depositing of equal amount of securities, in respect of which the Company had deposited the ITI Bonds (tax free) of the face value of Rs. 100 lakhs with the Special Court. The company in view of lengthy proceedings without much progress and continuing litigation, had written off the balances due in the earlier years, including the amount advanced with interest up-to certain date which included the value of the Bonds deposited with the Special Court. In the year 2021-22, the Company had received Order dated December 4, 2021 from the Special Court (absorbing company's claim. The Company thereafter filed execution petition for recovery of amounts as aforesaid and has received an amount of Rs. 652.16 Lakhs on May 18, 2022 towards amount deposited with Special Court. The Company in the financial year 2021-22, had recognised the above amount recovered as income of exceptional nature under prudence. The Company is pursuing the recovery of the balance amount due as per the Order of the Special Court. The Company will recognise the revenue arising out of remaining part of the Order in the year in which the amount will be recovered as it cannot be quantified now. The Stock Broker had also filed miscellaneous petition in the interim requesting the Special Court to recall the money already paid to the Company, which has been rejected by the Special court with the order dated March 17, 2023. The stock broker has filed appeal in the Hon'ble Supreme Court against the said order along with the interim stay of the said final order. The Hon'ble Supreme court vide its order dated January 03, 2023 admitted the matter and dismissed the interim application for stay. The matter is yet to be listed for further hearing. The management is of the opinion that the said Order has attained logical conclusion on completion of legal proceedings with the special court and the amount received in respect of which income has already been recognised, has achieved finally and expects that the Hon'ble Supreme Court will follow the Order of Special Court and does not expect any outflow in this regard. 7. The actuarial gains/losses and disclosure of re-measurement gains (losses) on defined benefit plans are arrived at the year end on actuarial valuation of the obligation by the gratuity fund. 8. The Company does not foresee any dimension in the value of investments and the provisions made in the books are adequate and the management is hopeful of recovery of the same at the stated values. 9. The Company has prepared its accounts on "going concern below", in view of networks being positive with positive cashflows following the successful implementation of the scheme of arrangement functioned by the Hon'ble High Court of Karnataka and the Company's foray into tax based activities, rentals from investment properties, gains from dealing in trading of shares and securities. 10. The company has acted for Direct Tax Vessel De Vidowas (DTVSV) Scheme 2024 in order to resolve the tax dispute pertaining to the additions done while arriving at book profit under Section 1153A of the Income Tax Act for the Assessment year 1998-99. In this regard, the company has filed application on December 28, 2024, under the DTVSV Act, 2024, regarding income tax demand for the assessment year 1998-99. In response, the authorities have determined the tax liability and demanded tax of Rs. 115.63 lakhs in Form 2, which has deposited by the Company on 16.01.2025. Accordingly, the company has accounted for the provision for the above mentioned tax amount in the books of accounts on prudence. 11. The Government has consolidated 26 existing Labour legislations into a unified framework comprising 4 Labour Codes viz., Code on Wages, 2016, Code on Social Security, 2020, Industrial Rotation Code, 2020, and Occupational Safety, Health and Working Condition Code, 2020 (collectively referred to as the new Labour Codes). These codes have been made effective November 31, 2025; however, the supporting rules are yet to be notified. There is no impact of the newly enacted Labour Codes on the operations of the Company. The management does not foresee any future impact of the Labour Codes as well. 12. The investors can view the audited standalone results of ICDS Limited available on the Stock Exchange websites www.boeindia.com, www.boeindia.com and company's website www.icdslimited.com. 13. Figures pertaining to previous period(s) / year have been regrouped and rearranged, wherever necessary to conform to the classification adopted in the current quarter.
For & on behalf of the Board of Directors ICDS Limited
Sd/-
Sujir Prabhakar
Chairman & Managing Director
Cd/s: 02577468/
Sd/
Valadhi Nayak
Chief Financial Officer
THE NEW INDIAN EXPRESS
KARNATAKA
07
MANGALURU
SATURDAY 30.05.2026
ICDS LIMITED
(Read Office: Syndicate House, Mangal 578104, Urban Dr., Karnataka)
CIN: U89609UH1971PLC002106. Web: www.icdslimited.com
EXTRACT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / YEAR ENDED MARCH 31, 2026
| ID | Particulars | Quarter ended | Year ended | ||||
|---|---|---|---|---|---|---|---|
| 31-Mar-2026 (after date 2) | 31-Mar-2026 (2nd quarter) | 31-Mar-2026 (3rd quarter) | 31-Mar-2026 (4th quarter) | 31-Mar-2026 (5th quarter) | 31-Mar-2026 (6th quarter) | ||
| 1. | Total Revenue from operations (net) | 1,323.90 | 1,171.87 | 1,163.29 | 296.20 | 433.12 | 41.36 |
| 2. | Net Profit (Loss) for the quarter/year before tax, exceptional items | (70.04) | 32.30 | 71.84 | 58.86 | 218.40 | 218.40 |
| 3. | Net Profit (Loss) for the quarter/year before tax (after exceptional items) | (70.04) | 32.30 | 71.84 | 58.86 | 218.40 | 218.40 |
| 4. | Net Profit (Loss) for the quarter/year after tax (after exceptional items) | 1,000.00 | 28.60 | 58.16 | 48.37 | 91.36 | 91.36 |
| 5. | Total Comprehensive Income for the quarter/year (Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income / (Loss) (after tax)) | (85.79) | 29.45 | 68.81 | 89.18 | 91.01 | 91.01 |
| 6. | Equity Share Capital (face value of Rs.10 each) | 1,302.67 | 1,302.67 | 1,302.67 | 1,302.67 | 1,302.67 | 1,302.67 |
| 7. | Reserves (excluding Revaluation reserve as shown in the balance sheet of previous year) | ||||||
| 8. | Earnings per share (EPS) (of Rs 10/ each) (Not annualised for the quarter): | ||||||
| Stable (in rupees) | (0.45) | 0.23 | 0.53 | 0.96 | 0.62 | 0.62 | |
| Diluted (in rupees) | (0.45) | 0.23 | 0.53 | 0.96 | 0.62 | 0.62 |
Notes: 1. The above is an extract of the detailed format of quarterly standalone financial results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements: Regulations, 2015. The full format of the Quarterly Standalone Financial Results are available on the Stock Exchange websites www.premida.com, www.nytimes.com and company's website www.icdslimited.com. 2. The figures of the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and the unaudited year to date before until the third quarter of the relevant financial years. 3. The standalone financial results for the quarter and year ended March 31, 2026 has been reviewed and approved by the Audit Committee and approved by the Board of Directors at their meeting conducted on May 29, 2026. 4. The Company carries on its business in four reportable segments—to Financial Services (recovery of loans and advances), trading, and on premises and others. Others include marketing of the insurance products of life and general insurance companies. The segment reporting of the Company has been prepared in accordance with the AS-108 Operating Segment's prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder. The Company has presented the operating segments information on the basis of Commissioned Financial Results. 5. Other income includes dividend income, interest income, unwinding interest income on financial assets and Fair Value gain/(loss) on financial assets. Profit on sale of property, plant and Equipment. 6. The Company in the Financial year 1991-92 had paid an advance to Mr Ntam P Dalai, Stock Broker, accounting to Rs. 280.581, and towards purchase of securities for its investment purposes, which was required for maintaining 5.18 required to be mortgaged against Public Deposits. The stock broker, however, failed to give the delivery of those securities and in the interim had delivered MTNL bonds having face value of Rs.100 Lakhs in part satisfaction of the amount paid. The stock broker did involved in the security scam during that period. MTNL bonds were sold by the Company and it realized Rs.84 lakhs, along with interest of Rs.5 lakhs. The Company had followed up for the delivery of the securities for the balance amount and approached the Special Court (Title of offences relating to Transaction in Securities) Act, 1992 of Manthak. On getting advice and recovery of the dues, The Special Court in the interim held that, the company had to make good the investment sold by depositing of equal amount of securities, in respect of which the Company had deposited the IT/Bonds (tax free) of the face value of Rs. 100 lakhs with the Special Court. The company is view of lengthy proceedings without much progress and continuing litigation, had written off the balances due in the earlier years, including the amount advanced with interest up-to-certain date which included the value of the Bonds deposited with the Special Court, to the year, 2021-22, the Company had received Order dated December 4, 2021 from the Special Court (absolving company's claim. The Company thereafter filed execution petition for recovery of amounts as aforesaid and has received an amount of Rs. 652.18 Lakhs on May 19, 2022 towards amount deposited with Special Court. The Company in the financial year 2021-22, had recognized the above amount recovered as income of exceptional nature under prudence. The Company is pursuing the recovery of the balance amount due as per the Order of the Special Court. The Company will recognize the revenue arising out of remaining part of the Order in the year in which the amount will be recovered as it cannot be quantified now. The Stock Broker had also filed miscellaneous petition in the interim requesting the Special Court to recall the money already paid to the Company, which has been rejected by the Special court until its order dated March 17, 2023. The stock broker has filed appeal to the Hoeffle Supreme Court against the said order along with the interim stay of the said final order. The Hoeffle Supreme court vets its order dated January 03, 2023 admitted the matter and dismissed the interim application for stay. The matter is yet to be listed for further hearing. The management is of the opinion that the said Order has attained logical conclusion on completion of legal proceedings with the special court and the amount received in respect of which income has already been recognized, has achieved finally and expects that the Hoeffle Supreme Court will follow the Order of Special Court and does not expect any outflow in this regard. 7. The actuarial gains/losses and disclosures of re-measurement gains (losses) on defined benefit plans are arrived at the year end on actuarial valuation of the obligation by the gratuity fund. 8. The Company does not foresee any distraction in the value of investments and the provisions made in the books are adequate and the management is hopeful of recovery of the same at the stated values. 9. The Company has prepared its accounts on "going concern basis", in view of network being positive with positive cashflows following the substantial implementation of the scheme of arrangement sanctioned by the Hoeffle High Court of Karnataka and the Company's family into like based activities, certain from investment properties, gains from dealing in trading of shared and securities. 10. The company has opted for Direct Tax Head Sir Vishwas (DTVSV) Scheme 2024 in order to receive the tax dispute pertaining to the additions done while arriving at Bank profit under Section 115.4 of the Income Tax Act for the Assessment year 1998-99. In this regard, the company has filed application on December 28, 2024, under the DTVSV Act, 2024, regarding income tax demand for the assessment year 1998-99. In response, the authorities have determined the tax liability and demanded tax of Rs. 113.53 lakhs in Form 3, which has deposited by the Company on 16.01.2025. Accordingly, the company has accounted for the provision for the above mentioned tax amount in the books of accounts on prudence. 11. The Government has consolidated 29 existing Labour legislations into a unified framework comprising 4 Labour Codes viz., Code on Wages, 2019, Code on Social Security, 2020, Industrial Relation Code, 2020 and Occupational Safety Health and Working Condition Code, 2020 (collectively referred to as the new Labour Codes). These codes have been made effective November 21, 2025, however, the supporting rules are yet to be notified. There is no impact of the newly enacted Labour Codes on the operations of the Company. The management does not foresee any future impact of the Labour Codes as well. 12. The investors can view the audited standalone results of ICDS Limited available on the Stock Exchange websites www.braininfo.com, www.nytimes.com and company's website www.icdslimited.com. 13. Figures pertaining to previous period(s) / year have been rephrased and rearranged, wherever necessary to conform to the classification adopted in the current quarter.
For & on behalf of the Board of Directors ICDS Limited
Sign
Sgdr Prabhakar
Chairman & Managing Director
(086 92077496)
Sdr
Vasudra Rayan
Chief Financial Officer
07