Indo Credit Capital Limited Board of Directors approved the Director's Report and Secretarial Audit Report for the financial year ended March 31, 2026, during a meeting held on August 18, 2026. The board also convened the company's 33rd Annual General Meeting (AGM) for shareholders.

The meeting took place at the company's registered office in Ahmedabad, commencing at 4:30 pm and concluding at 5:00 pm. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board took on record several key resolutions.

Key Resolutions

The board approved the following items during the session:

• Approval of the Director's Report for the year ended March 31, 2026.
• Adoption of the Secretarial Audit Report pursuant to Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment & Remuneration Personnel) Rules, 2014.
• Convening of the 33rd AGM on September 22, 2026, at 3:30 pm via Video Conferencing (VC).
• Approval of the draft Notice of AGM.

AGM Logistics

Shareholders are required to note that the Register of Members and Share Transfer Books will remain closed from September 11, 2026, to September 17, 2026 (both days inclusive). This closure is necessary to determine eligibility for voting at the upcoming annual general meeting.

Mrs. Rupal Patel, a Practicing Company Secretary, was appointed as the Scrutinizer for both remote e-voting and voting conducted during the AGM. The board also reviewed other business matters pertaining to the company.

Indo Credit Capital reported a narrowed net loss for the first quarter of FY26, though it continued to record no operational revenue. The Ahmedabad-based company posted a net loss of ₹4.22 lakh for the quarter ended June 30, 2026, compared to a loss of ₹8.09 lakh in the same period last year. This represents a significant reduction in losses year-on-year, although the company’s operational activity remained dormant.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a review by the Audit Committee. The statutory auditors carried out a limited review of the figures. The results were published in Western Times (Gujarati and English editions) as per SEBI Listing Obligations and Disclosure Requirements Regulations.

Financial Performance

Indo Credit Capital’s balance sheet reflects a period of consolidation with minimal operational output. The key financial metrics for Q1FY26 are outlined below:

The company’s equity share capital remained stable at ₹723.08 lakh. Reserves, excluding revaluation reserve, stood at -₹135.34 lakh as of March 31, 2026, unchanged from the previous year-end figure but an improvement from the negative ₹141.42 lakh reported as of March 31, 2025.

What the Numbers Show

The divergence between the narrowing net loss and zero operational income indicates that the improvement in the bottom line was not driven by core business activities. With total income from operations at ₹0.00 lakh for both Q1FY26 and Q1FY25, the reduction in loss from ₹8.09 lakh to ₹4.22 lakh suggests lower administrative or overhead expenses rather than revenue generation. The persistent negative reserves highlight accumulated historical losses that continue to weigh on the company’s equity base.