Intec Capital Ltd announced on July 29, 2026, that Intec Capital has executed a share purchase agreement for an inter-se transfer of 12,58,088 equity shares between promoters. The transaction sees Mr. Sanjeev Goel, the company’s Managing Director, acquiring 6.85% of the equity share capital from India Business Excellence Fund – II, which holds the shares through Vistra ITCL (India) Limited as trustee. The deal is structured as an off-market transaction exempted under Regulation 10(1)(a)(ii) of the SEBI (Acquisition of Shares & Takeovers) Regulations, 2011, meaning it does not trigger open offer obligations.

The transfer was notified to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both the purchaser and seller have been identified as promoters in the company’s shareholding pattern for at least three consecutive years, satisfying the regulatory criteria for this exemption. Intec Capital Ltd acted as a confirming party to the agreement, ensuring compliance with all requisite statutory requirements.

Transaction Details

The financial terms of the agreement were clearly outlined in the disclosure submitted to the stock exchange. The total consideration for the block deal is ₹1,38,38,968, calculated at a price of ₹11.00 per equity share.

Impact on Shareholding and Control

Following the completion of this transfer, the shareholding dynamics within the promoter group will shift slightly. Mr. Sanjeev Goel’s stake in the company is set to increase to 25.90%, while the holding of India Business Excellence Fund – II will reduce to 4.64%. Despite these individual changes, the filing explicitly states that there will be no change in the management or control of the listed entity, as both parties belong to the same promoter group.

Regulatory Compliance

The company confirmed that the transaction does not constitute a related party transaction requiring arm’s length verification beyond standard promoter disclosures. No restrictions or liabilities were imposed on the listed entity as part of this agreement. The inter-se transfer is expected to be completed in due course, subject to finalizing all compliance formalities under relevant SEBI regulations. This restructuring consolidates the promoter group’s holdings without altering the strategic direction or operational control of Intec Capital Ltd.

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.