ICSA (India) Limited (ICSA)
Snapshot
Events
- Board meeting filing
- 14 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
📢 Recent Corporate Announcements
ICSA (India) Limited reported standalone unaudited financial results for the quarter ended June 30, 2026, showing zero revenue from operations and zero net profit/loss. The disclosure recaps the company's insolvency resolution, noting that Rs 10.24 crore (Rs 10,23,89,263) was realized from liquidation estate asset sales and distributed to stakeholders under IBC Section 53. Key asset disposals included Yadagirigutta land sold for Rs 900.00 lakhs and a motor vehicle for Rs 3.05 lakhs. Following the NCLT closure order dated February 7, 2023, the reconstituted board is filing financial statements primarily to fulfill SEBI and ROC compliance requirements.
- Revenue from operations, expenses, and net profit were all reported at nil for Q1 ended June 30, 2026.
- Total realizations of Rs 10,23,89,263 from the liquidation estate were distributed via the IBC waterfall mechanism.
- Major asset sold during liquidation included 5 acres 18.94 guntas of land at Yadagirigutta for Rs 900.00 lakhs.
- NCLT Hyderabad approved formal closure of liquidation proceedings under IA No. 215 of 2023 on February 7, 2023.
ICSA (India) Limited has approved financial results for four consecutive fiscal years (FY 2019-20 to FY 2022-23) in a single board meeting, marking a major step in regularizing its regulatory compliance. The company was sold as a 'going concern' under the Insolvency and Bankruptcy Code (IBC), with the liquidation process formally closed by the NCLT on February 7, 2023. During the liquidation, the company realized approximately Rs 10.24 crore from asset sales, including a land parcel sold for Rs 9.00 crore. The new management has now taken control but has issued a disclaimer regarding the accuracy of historical data provided by the previous management.
- Approved 16 quarters of financial results spanning from FY 2019-20 to FY 2022-23.
- Realized a total of Rs 10.24 crore from the sale of the liquidation estate and performance bank guarantees.
- Sold 5.47 acres of land at Yadagirigutta for Rs 9.00 crore to Hyderabad Bottling Company Private Limited.
- Reported a standalone net loss of Rs 5.59 crore for the quarter ended September 30, 2019.
- Liquidation process formally closed by NCLT Hyderabad Bench on February 7, 2023.
ICSA (India) Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the finalization of financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.
- Trading window closure begins on Wednesday, July 1, 2026.
- The closure is related to the financial results for the quarter ending June 30, 2026.
- Window will reopen 48 hours after the official declaration of financial statements.
- The announcement was made to both BSE and NSE on June 26, 2026.
ICSA (India) Limited has approved the appointment of M/s. Bhargavi Priya and Associates as Statutory Auditors and T Durga Pallavi as Secretarial Auditor for an extended term from FY 2018-19 to FY 2025-26, covering the Corporate Insolvency Resolution Process (CIRP) period. The company is also shifting its registered office to Gachibowli, Hyderabad. A notable disclosure indicates that the newly appointed Secretarial Auditor is related to Director Mallour Rajesh Kumar. These decisions are subject to shareholder approval at the upcoming Annual General Meeting.
- Appointment of Statutory Auditors for an 8-year block (FY 2018-19 to FY 2025-26) to address the CIRP period.
- Appointment of T Durga Pallavi as Secretarial Auditor for the same 8-year period.
- Relocation of the registered office to Level 3, Plot No 13, Green Lands Colony, Gachibowli, Hyderabad.
- Disclosure that Secretarial Auditor T Durga Pallavi is related to Director Mallour Rajesh Kumar.
- Authorization of directors N V Rao and Mallour Rajesh Kumar for signing regulatory documents.
ICSA (India) Limited has appointed Mr. Venkateswar Nellutla as Managing Director and Mr. Mallour Rajesh Kumar as a Non-Executive Director, both for five-year terms effective May 2, 2026. The board has specifically authorized the new leadership to address pending regulatory compliances with MCA and SEBI and to appoint new Statutory and Secretarial Auditors. These changes appear to be part of a management overhaul, possibly following a resolution process as indicated by the 'Successful Bidder' signature on the document. The new MD brings over 27 years of experience in strategic planning and operations.
- Appointment of Mr. Venkateswar Nellutla as Managing Director for a 5-year term.
- Appointment of Mr. Mallour Rajesh Kumar as Non-Executive Non-Independent Director for 5 years.
- Board authorized to file pending MCA and SEBI compliances, indicating previous regulatory lapses.
- New leadership empowered to reconstitute the board and appoint new Statutory and Secretarial Auditors.
- The document is signed by a 'Successful Bidder', suggesting a corporate restructuring or insolvency resolution context.
ICSA (India) Limited has announced a major leadership restructuring following a board meeting on May 2, 2026. Mr. Venkateswar Nellutla, a professional with 27 years of experience, has been appointed as Managing Director for a five-year term. The board also appointed Mr. Mallour Rajesh Kumar as a Non-Executive Director and authorized the filing of pending MCA and SEBI regulatory compliances. These moves, overseen by a 'Successful Bidder,' indicate a significant effort to restore corporate governance and operational stability.
- Appointment of Mr. Venkateswar Nellutla as Managing Director for a 5-year term effective May 2, 2026
- Appointment of Mr. Mallour Rajesh Kumar as Non-Executive Non-Independent Director for 5 years
- Board authorized to appoint new Statutory and Secretarial Auditors to address pending requirements
- New MD brings over 27 years of experience in Delivery Management and Strategic Planning
- Authorization granted to reconstitute the board and complete all pending regulatory filings with SEBI and MCA
Company profile
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
