Intec Capital Limited's Board of Directors held a significant meeting on March 16, 2026, addressing crucial policy matters related to loan portfolio management. The company informed BSE Limited about key decisions taken during the board meeting in compliance with regulatory requirements.

Board Meeting Outcomes

The board meeting resulted in two major approvals that will impact the company's loan management operations:

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Niharika Gupta (Membership No. A59325) signed the communication to BSE Limited, ensuring proper regulatory compliance.

Policy Significance

The approval of the Policy on Transfer of Stressed/Defaulted Loans represents a strategic move by Intec Capital Limited to establish formal guidelines for managing distressed assets. The simultaneous authorization for transfer and assignment of defaulted loans indicates the company's proactive approach to portfolio management.

The board meeting was conducted efficiently, concluding within 20 minutes, demonstrating focused decision-making on these important policy matters. These developments reflect the company's commitment to maintaining robust governance standards while addressing operational requirements in loan portfolio management.

Intec Capital Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following a Board meeting held on February 12, 2026. The company, primarily engaged in providing loans to Small and Medium Enterprises, reported mixed performance with revenue growth but continued losses in the recent quarter.

Financial Performance Overview

The company's standalone financial performance showed significant improvement in revenue generation compared to the previous year. For the quarter ended December 31, 2025, Intec Capital reported total revenue from operations of ₹194.13 lakhs, marking a substantial increase from ₹41.48 lakhs in the corresponding quarter of the previous year.

Revenue Components and Operational Results

The company's revenue primarily comprised interest income of ₹173.48 lakhs and recovery of financial assets written off amounting to ₹20.65 lakhs for the quarter. Total expenses for the quarter stood at ₹211.99 lakhs, including finance costs of ₹91.10 lakhs and employee benefits expense of ₹50.35 lakhs. Despite the revenue growth, the company reported a net loss of ₹35.09 lakhs for the quarter, compared to a loss of ₹63.69 lakhs in the same quarter of the previous year.

Nine-Month Performance and Exceptional Items

For the nine-month period ended December 31, 2025, the company demonstrated a remarkable turnaround with a net profit of ₹210.27 lakhs on standalone basis, compared to a loss of ₹282.58 lakhs in the corresponding period of the previous year. However, this performance included the impact of a one-time settlement (OTS) with lender banks completed during the quarter ended June 30, 2025, which resulted in a net loss of ₹124.38 lakhs shown as an exceptional item.

Corporate Actions and Board Decisions

The Board of Directors approved several significant corporate actions during their meeting. Key decisions included the regularization of appointment of Mr. Saurabh Sharma as an Independent Director and the conversion of interest-bearing unsecured loan from Mr. Sanjeev Goel into an interest-free unsecured loan. The Board also approved the participation of Modern Credit Private Limited, a related party, in auctions conducted by the company.

Going Concern and Auditor's Observations

The auditors highlighted material uncertainty related to the company's ability to continue as a going concern, citing huge accumulated losses, reduced operational activities, and substantial reduction in recoveries from borrowers. These conditions have resulted in substantial erosion of net worth and delays in payment of statutory dues. However, the management has prepared the financial results on a going concern basis, supported by continued promoter support and completion of the one-time settlement with lender banks.

Consolidated Results and Subsidiary Performance

On a consolidated basis, which includes wholly-owned subsidiary Amulet Technologies Limited, the company reported total revenue of ₹220.85 lakhs for the quarter and a net loss of ₹39.15 lakhs. The subsidiary contributed minimal revenue of ₹0.20 lakhs but recorded a net loss of ₹4.04 lakhs for the quarter. The consolidated nine-month performance showed a net profit of ₹198.13 lakhs, reflecting the overall improvement in the group's financial position despite operational challenges.