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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
ICSA (India) Ltd-$

ICSA (India) Ltd Reports Zero Revenue and Profit for Q2 FY27 and H1 FY27

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 14 Nov 2026, 05:58 PM IST  ·  BSE ID: 94db112e-3c50-4c26-bd56-23d054867a64
View Original BSE Filing (PDF)
💡
In Simple Terms
ICSA (India) reported no income or profit for the latest quarter and half-year, as its liquidation process has formally closed.
🤖 AI Summary
  • ICSA (India) Limited reported zero Revenue from operations for the quarter and half-year ended September 30, 2026.
  • Profit/(Loss) for the period was zero for Q2 FY27 and H1 FY27, as per the standalone unaudited financial results.
  • Equity Share Capital stood at 30.90 Rs. in Lakhs as of September 30, 2026.
  • The National Company Law Tribunal (NCLT) ordered formal closure of liquidation proceedings on February 7, 2023.
  • Financial statements were prepared based on available alternate evidences due to lack of complete documentation from erstwhile management.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
0 Rs. in Lakhs
Profit/(Loss) for the period (Q2 FY27)
0 Rs. in Lakhs
Revenue from operations (H1 FY27)
0 Rs. in Lakhs
Profit/(Loss) for the period (H1 FY27)
0 Rs. in Lakhs
Equity Share Capital (as of 30.09.2026)
30.90 Rs. in Lakhs
🏢 How This Affects the Company
📈
Business Impact
The company reported no revenue from operations for the quarter and half-year ended September 30, 2026, indicating no active business activities during these periods. This aligns with the formal closure of its liquidation process.
💰
Financial Impact
The financial results show zero profit or loss for the reported periods, with Equity Share Capital stable at 30.90 Rs. in Lakhs. The balance sheet reports all assets and liabilities as zero Rs. in Lakhs, reflecting the impact of the liquidation.
⚙️
Operational Impact
Operations are effectively non-existent, as reflected by zero expenses and income across all categories. The previous management's failure to provide documents means the new management relies on limited alternative evidence.
⚠️
Risk Impact
The company completed its liquidation process on February 7, 2023, and financial statements are based on limited available information. This presents a high risk regarding the completeness and accuracy of reported figures for future periods.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's status of reporting zero operational activity and the formal closure of liquidation proceedings, implying no ongoing business.
🔍
Management Signal
The management is focused on regulatory compliance by submitting financial reports despite the company's liquidation status, noting reliance on limited alternative information.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Next financial results — confirm any resumption of business activity or change in reported financials
Updates on ROC filings — monitor company master data updates reflecting liquidation closure
Any further NCLT disclosures — track developments regarding post-liquidation status
HIGH RISK Company in liquidation with no reported operations; financial data based on limited available evidence.
💡 Investor Takeaway
ICSA (India) Limited reported zero Revenue from operations and zero Profit/(Loss) for both the quarter and half-year ended September 30, 2026. The NCLT formally closed the liquidation proceedings on February 7, 2023, with financial statements prepared using available alternative evidence.
⚖️ Strengths & Concerns

⚠️ Concerns

  • The company reported zero Revenue from operations, zero Other Income, and zero Total Revenue for Q2 FY27 and H1 FY27 (ended September 30, 2026).
  • All expense categories, including Employee benefits expense and Administrative Expenses, were reported as zero, resulting in zero Profit/(Loss) for the period.
📅 Company Track Record
The National Company Law Tribunal (NCLT) ordered the liquidation of ICSA (India) Limited on August 18, 2020. Assets like Yadagirigutta Land (Rs. 900.00 lakhs) and a Benz Car (Rs. 3.05 lakhs) were disposed of during the process. The NCLT formally closed liquidation proceedings on February 7, 2023.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What were ICSA (India) Limited's revenues for the quarter ended September 30, 2026?
ICSA (India) Limited reported zero Revenue from operations for the quarter ended September 30, 2026.
What was the Profit/(Loss) for ICSA (India) Limited for the half-year ended September 30, 2026?
The Profit/(Loss) for the period for ICSA (India) Limited was zero Rs. in Lakhs for the half-year ended September 30, 2026.
When did the NCLT order the formal closure of ICSA (India) Limited's liquidation?
The Hon'ble NCLT, Hyderabad Bench, ordered the formal closure of ICSA (India) Limited's liquidation proceedings on February 7, 2023.
What was the Equity Share Capital of ICSA (India) Limited as of September 30, 2026?
ICSA (India) Limited's Equity Share Capital was 30.90 Rs. in Lakhs as of September 30, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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