Intec Capital Limited's Managing Director Sanjeev Goel has filed formal regulatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the acquisition of 22,53,078 equity shares from India Business Excellence Fund-IIA. The transaction represents 12.27% of the company's total equity share capital and has been structured as an inter-se promoter transfer.

Transaction Overview

The share acquisition involves Managing Director Sanjeev Goel purchasing equity shares from India Business Excellence Fund-IIA at Rs. 11.00 per share. Both parties are existing promoters of the company, qualifying this transaction for exemption under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations.

Regulatory Compliance and Documentation

Sanjeev Goel has submitted comprehensive disclosures under Regulation 10(5) of the SEBI Takeover Regulations. The documentation includes formal declarations confirming compliance with all applicable regulatory requirements. The acquirer has declared that the acquisition price will not exceed 25% of the computed price under takeover regulations.

Shareholding Structure Changes

The transaction will result in significant changes to the promoter shareholding pattern. Sanjeev Goel's stake will increase substantially while India Business Excellence Fund-IIA's holding will be reduced to a minority position within the promoter group.

Transaction Rationale

According to the regulatory filing, India Business Excellence Fund-IIA intends to exit the company and sell their shareholding. The buyer and seller have mutually agreed on the transaction price of Rs. 11.00 per share. The company's shares are classified as infrequently traded, with the computed price under SEBI regulations determined at Rs. 11.33 per share.

This inter-se promoter transfer represents a strategic consolidation of shareholding within the existing promoter group, with the Managing Director significantly increasing his stake in the company while maintaining full regulatory compliance.

Intec Capital Limited has formally disclosed the appointment of Mr. Saurabh Sharma as Independent Director following successful completion of its postal ballot process. The company submitted regulatory disclosures to BSE Limited on March 20, 2026, confirming shareholder approval for three key corporate resolutions.

Regulatory Disclosure and Compliance

Pursuant to Regulation 30 of SEBI Listing Regulations, the company informed BSE Limited about the appointment of Mr. Saurabh Sharma (DIN: 09263133) as Independent Director. Company Secretary and Compliance Officer Niharika Gupta submitted the comprehensive disclosure, confirming that the director is not debarred from holding office by SEBI or any other authority.

Director Profile and Qualifications

Mr. Saurabh Sharma brings significant expertise to the board as a law graduate with extensive professional experience in corporate and regulatory matters. His appointment strengthens the company's governance framework with specialized knowledge in legal compliance and advisory functions.

Postal Ballot Results Overview

The postal ballot process concluded successfully with overwhelming shareholder support across all three resolutions. The e-voting period ran from February 18, 2026, to March 19, 2026, with 2178 eligible shareholders participating based on the cut-off date of February 13, 2026.

Resolution Voting Results

All three resolutions received exceptional approval rates exceeding 99.95%. The independent director appointment resolution achieved the highest participation among shareholders.

Process Administration and Oversight

CS Priyank Kukreja served as the appointed scrutinizer for the postal ballot process, ensuring compliance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. The scrutinizer's report dated March 20, 2026, confirmed the validity of all voting results and procedural adherence.

The voting results and complete documentation have been made available on the company's website at www.inteccapital.com , BSE website, and CDSL's e-voting platform, ensuring transparency and regulatory compliance.