Financial Performance Highlights

  • Total Income: ₹20.49 lacs (FY25: ₹35.38 lacs)
  • Profit/(Loss) before tax: ₹(22.91) lacs (FY25: ₹(7.94) lacs)
  • Profit/(Loss) after tax: ₹(22.91) lacs (FY25: ₹(7.94) lacs)
  • Net Worth: Fully eroded (continuing from previous years)
  • Earnings per Share: Basic and diluted ₹(0.057) (FY25: ₹(0.020))

AGM Details

  • Date: Wednesday, September 2, 2026
  • Time: 12:00 Noon IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off date for e-voting: August 26, 2026
  • e-Voting period: August 30, 2026 (9:00 AM) to September 1, 2026 (5:00 PM)

Business Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mr. Parveen Kaushik (DIN: 11205276) who retires by rotation

Special Business:

3. Appointment of Mr. Gaurav Yadav (DIN: 10505539) as Independent Director for 5 years from conclusion of 38th AGM

Corporate Governance

Board Composition:

  • Whole-time Director: Mr. Parveen Kaushik (Chairman)
  • Non-Executive Non-Independent Director: Mr. Kamal Sachdeva
  • Non-Executive Independent Directors: Mr. Sumit Raj, Ms. Moni Singh

Key Managerial Personnel:

  • Company Secretary: Ms. Chakshoo Mehta
  • Chief Financial Officer: Mr. Donald Fernandez

Committee Structure:

  • Audit Committee: Mr. Sumit Raj (Chairman), Ms. Moni Singh, Mr. Parveen Kaushik
  • Nomination and Remuneration Committee: Mr. Sumit Raj (Chairman), Ms. Moni Singh, Mr. Kamal Sachdeva
  • Stakeholders' Relationship Committee: Mr. Sumit Raj (Chairman), Ms. Moni Singh, Mr. Parveen Kaushik

Business Operations and Strategy

  • Company surrendered NBFC license and transitioned to advisory/consulting services following RBI directions
  • Currently engaged in recovery of delinquent loan assets and settlement of old legal cases from previous NBFC business
  • Exploring possibilities of venturing into consultancy/advisory services
  • No employees on rolls; 3 persons on contractual engagement

Capital Structure

  • Authorized Share Capital: ₹4,050.00 lacs (40,500,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹4,017.25 lacs (40,250,000 equity shares of ₹10 each)
  • Preference Shares: 95,00,000 1% Redeemable Cumulative Preference Shares of ₹10 each

Significant Liabilities

  • FD Redemption through Court approved arrangements: ₹15,862.04 lacs (non-current)
  • Borrowings: ₹982.40 lacs (current)
  • Other Financial Liabilities: ₹1,508.21 lacs (current)

Related Party Transactions

  • No material related party transactions during FY 2025-26
  • Escorts Kubota Limited is the holding company
  • Kubota Corporation is the ultimate holding company

Internal Financial Controls

  • Adequate internal financial controls in place
  • No reportable material weakness observed during the year
  • Systems tested and operating effectively

Dividend and Reserves

  • No dividend recommended for FY 2025-26 due to losses
  • No amount transferred to general reserves
  • Movement in Reserves and Surplus detailed in Note 11 of financial statements

Key Changes During FY 2025-26

  • Mr. Ashok Kumar Behl resigned as Whole-time Director effective July 29, 2025
  • Mr. Parveen Kaushik appointed as Whole-time Director and Chairman effective July 29, 2025
  • Second term of Mr. Sumit Raj as Independent Director ending at 38th AGM

Pending Litigations

  • Sales tax demands under appeal: ₹2.93 lacs
  • Other claims/demands under litigation (amount not ascertainable)
  • Trade receivables of ₹699.70 lacs considered doubtful with full provision

Auditor's Emphasis of Matters

1. Company had accumulated losses with net worth fully eroded, but financial statements prepared on going concern basis

2. Escorts Benefit Trust deposited ₹1,056.22 lacs with IEPF for unclaimed fixed deposits and interest on February 2, 2022

3. Company no longer registered with RBI as NBFC after cancellation of registration on May 6, 2016

4. Company name changed from Escorts Finance Limited to Invigorated Business Consulting Limited effective June 14, 2023

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 67.87%
  • Public: 32.13%
  • Dematerialized Holdings: 95.93%
  • Physical Holdings: 4.07%

Registrar and Share Transfer Agent

Alankit Assignments Limited, Alankit House, 4E/2, Jhandewalan Extension, New Delhi - 110055