Board Meeting Details

The Board meeting commenced at 04:06 PM IST and concluded at 05:00 PM IST on August 11, 2026.

Key Decisions and Approvals

  • Considered and approved the Un-audited Financial Results along with the Limited Review Report of the Wholly-Owned Subsidiary Company, Amulet Technologies Limited, for the quarter ended June 30, 2026.
  • Considered, approved and took on record the Un-audited Financial Results (Standalone & Consolidated) of the Company along with the Limited Review Report (Standalone & Consolidated) thereon for the quarter ended June 30, 2026, as per Regulation 33 of the Listing Regulations.
  • Considered and approved the draft Director's Report of the Company for the financial year ended March 31, 2026.
  • Considered and recommended reappointment of Mr. Sanjeev Goel (DIN: 00028702) as Director, who retires by rotation and offered himself for reappointment.
  • Considered and approved the date of Book closure/record date for the 32nd Annual General Meeting under section 91 of Companies Act, 2013.
  • Considered and approved the Notice for calling the 32nd Annual General Meeting (AGM) scheduled for Tuesday, September 15, 2026, at 12:00 PM, including appointment of scrutinizer for e-voting process.
  • Considered and approved the re-constitution of the Corporate Social Responsibility Committee of the Board.

Auditor's Review Report - Standalone Financial Results

S. P. Chopra & Co., Chartered Accountants, issued a limited review report on the unaudited standalone financial results for quarter ended June 30, 2026.

Material Uncertainty Related to Going Concern: The auditors highlighted existence of material uncertainty about the Company's ability to continue as a going concern due to huge accumulated losses, non-carrying out of lending/operational activities, and substantial reduction in recoveries from borrowers/customers, resulting in substantial erosion of net worth. Management prepared financial results on a going concern basis due to reasons described in Note 4.

Emphasis of Matter: Auditors drew attention to Note 5 regarding One Time Settlement (OTS) with all lender banks, completed during previous year (quarter ended June 2025). Company fully repaid OTS amounts and received No Dues Certificates, with resultant net loss of ₹124.38 lakhs shown as exceptional item in financial results for quarter ended June 30, 2025 and year ended March 31, 2026.

Other Matter: Figures for previous quarter ended March 31, 2026 are balancing figures between audited figures for previous full financial year and published unaudited year-to-date figures up to third quarter of previous financial year.

Auditor's Review Report - Consolidated Financial Results

S. P. Chopra & Co. issued limited review report on unaudited consolidated financial results for quarter ended June 30, 2026 for Intec Capital Limited and its subsidiary Amulet Technologies Limited.

Material Uncertainty Related to Going Concern: Similar material uncertainty exists about Group's ability to continue as going concern due to huge accumulated losses, non-carrying out of lending/operational activities, and substantial reduction in recoveries, resulting in substantial erosion of net worth. Auditor of subsidiary also commented on going concern in their limited review report.

Emphasis of Matter: Same OTS matter as standalone results with net loss of ₹124.38 lakhs.

Other Matters:

  • Did not review interim financial results of Amulet Technologies Limited, which reflected total revenues of ₹Nil, net loss after tax of ₹4.18 lakhs, and total comprehensive loss of ₹4.18 lakhs for quarter ended June 30, 2026. Relied on report of other auditor.
  • Figures for previous quarter ended March 31, 2026 are balancing figures as described in standalone report.

Financial Results Notes

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS), Companies Act 2013, and RBI guidelines for NBFCs.

2. Financial results reviewed by Audit Committee and approved by Board on August 11, 2026.

3. Company primarily engaged in providing loans to SME customers with no overseas operations. No segment reporting required as no operations at subsidiary.

4. Accumulated losses due to non-carrying out lending activities and substantial reduction in recoveries have eroded substantial net worth, creating uncertainty about going concern. Financial results prepared on going concern basis due to continued promoter support (including unsecured loans) and ability to generate adequate resources.

5. Holding Company completed OTS with all lender banks during quarter ended June 2025, paying complete OTS amounts including delayed interest and receiving No Dues Certificates. Net loss of ₹124.38 lakhs on extinguishment of borrowings shown as exceptional item.

6. Deferred tax assets not recognized on accumulated brought forward losses due to absence of virtual certainty regarding sufficient taxable income in future.

7. Figures for previous quarter ended March 31, 2026 are balancing figures of audited financial results for year ended March 31, 2026 and published year-to-date figures for nine months ended December 31, 2025.

8. Previous quarter/year figures regrouped/reclassified where necessary.