IEC Education Ltd — Board Meeting, 29-05-2025: Board Meeting

IEC Education Limited has announced a board meeting approving the audited standalone and consolidated financial results for the year ended March 31, 2025. The company remained non-operational throughout the year, reporting a net loss of Rs. 62.35 Lacs standalone and Rs. 55.10 Lacs consolidated. Significant audit qualifications highlight doubts on the company's ability to continue as a going concern, absence of internal financial controls, long-outstanding borrowings of Rs. 168.19 Lacs, unconfirmed financial assets of Rs. 2434.51 Lacs, and investments in non-operational subsidiaries. Trade payables and share application money pending allotment have not been fully reconciled or provided for interest/penalty. The company reported no loans from banks or financial institutions and no new related party transactions. These factors emphasize financial and operational stagnation, which matters for stakeholders assessing company prospects.