The Board of Directors of ICDS Limited met on May 29, 2026, to approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a standalone net loss of ₹58.58 Lakhs for the quarter ended March 31, 2026, compared to a net profit of ₹68.48 Lakhs in the corresponding quarter of the previous year.

ICDS Limited, headquartered in Manipal, is a company engaged in financial services, including the recovery of loans and advances, trading activities, renting premises, and marketing insurance products. The company’s financial results are prepared in accordance with Indian Accounting Standards (Ind-AS), and the audit reports for the period have been submitted with an unmodified opinion.

The company operates across multiple segments, focusing on fee-based activities, rental income from investment properties, and gains from trading shares and securities. In 2025, the company took steps to resolve long-standing tax disputes by opting for the Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024, depositing the required tax liability of ₹113.53 Lakhs in January 2025. ICDS Limited continues to operate as a going concern, supported by positive net worth and cash flows following the successful implementation of its scheme of arrangement.

For the quarter ended March 31, 2026, the company’s standalone revenue from operations stood at ₹32.96 Lakhs. The standalone net loss for the quarter was ₹58.58 Lakhs, reflecting a significant decline compared to the profit of ₹29.45 Lakhs in the preceding quarter (December 31, 2025) and the profit of ₹68.48 Lakhs in the corresponding quarter of the previous year.