Intec Capital has announced its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 23, 2026. The company reported a significant turnaround in its financial performance for the fiscal year.

Financial Performance Overview

For the year ended March 31, 2026, the company reported a net profit of Rs. 745.96 lakhs, compared to a net loss of Rs. 39.15 lakhs in the previous year. Total revenue from operations for the year stood at Rs. 1,168.93 lakhs, up from Rs. 299.50 lakhs in the prior year. The profit for the quarter ended March 31, 2026, was recorded at Rs. 505.09 lakhs.

The financial results include an exceptional item regarding the One Time Settlement (OTS) with lender banks, which resulted in a net loss of Rs. 124.38 lakhs. The company has fully repaid the OTS amounts and received No Dues Certificates.

Board Decisions

The Board approved the annual accounts of its wholly-owned subsidiary, Amulet Technologies Limited, for the financial year ended March 31, 2026. Additionally, the Board approved the revision of remuneration structures for Mr. Dhruv Goel, Chief Manager (Finance & Legal), and Mr. Pranav Goel, Chief Manager (IT & Infra).

The company re-appointed M/s. T.K. Gupta & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27.

Auditor's Report

M/s. S.P. Chopra & Co., Chartered Accountants, the statutory auditors, issued an unqualified opinion on the standalone and consolidated financial results. However, the auditors drew attention to a material uncertainty related to the company's ability to continue as a going concern due to accumulated losses and substantial erosion of net worth. The management has prepared the financial results on a going concern basis, citing continued support from promoters and the completion of the OTS.

The trading window for dealing in the company's securities, which was closed from April 01, 2026, will re-open 48 hours after the declaration of these financial results.

Intec capital has witnessed a significant reduction in shareholding by India Business Excellence Fund - IIA, which disposed of 27,41,220 equity shares through a series of open market transactions. The Mauritius-based fund completed the disposal process on April 22, 2026, triggering mandatory regulatory disclosures under SEBI guidelines.

Share Disposal Details

The fund conducted the share disposal through open market transactions spanning from April 18, 2022 to April 22, 2026. The disclosure obligation under Regulation 29(2) of SEBI Takeover Regulations was triggered when the final disposal of 22,53,078 equity shares on April 22, 2026 breached the 2% threshold requirement.

Shareholding Changes

The disposal resulted in a substantial reduction in India Business Excellence Fund - IIA's stake in Intec Capital Limited. The fund's holding decreased from 36,46,142 equity shares to 9,04,922 equity shares, representing a significant change in ownership structure.

Regulatory Compliance

India Business Excellence Fund - IIA, based in Mauritius, filed the mandatory disclosure with BSE Limited and Intec Capital Limited on April 24, 2026. The fund confirmed it does not belong to the promoter or promoter group of the company. The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Company Information

Intec Capital Limited trades on BSE Limited under scrip code 526871. The company's equity shares have a face value of Rs. 10 each. The fund held no encumbrances, voting rights other than shares, or convertible securities before or after the transaction, maintaining a straightforward equity shareholding structure throughout the disposal process.