Intec Capital has scheduled its 32nd Annual General Meeting (AGM) for Tuesday, September 15, 2026, at 12:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company has dispatched the AGM notice and the Integrated Annual Report for FY26 electronically to members with registered email addresses. Physical copies have been sent to shareholders without registered emails, containing web links to access the documents. These filings are also available on the company’s website.

Voting Details

Shareholders holding shares as of the cut-off date, Tuesday, September 8, 2026, are eligible to vote. The company has enabled remote e-voting for all resolutions set forth in the AGM notice.

Members may also cast their votes electronically during the AGM. Detailed instructions for registration, e-voting, and attending the meeting via VC/OAVM are provided in the AGM notice.

Intec Capital Limited reported a consolidated net loss of ₹95.40 lakhs for the first quarter of FY26 (Q1FY26), marking a significant deterioration from the net profit of ₹297.25 lakhs recorded in Q1FY25. The company’s standalone segment also posted a net loss of ₹91.23 lakhs for the quarter ended June 30, 2026, down from a profit of ₹301.29 lakhs in the corresponding period of the previous year. This decline underscores the ongoing challenges faced by the non-banking financial company as it navigates reduced operational activity and legacy asset quality issues.

The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financials, the Board recommended the reappointment of Sanjeev Goel (DIN: 00028702) as a Director, who retires by rotation and has offered himself for re-election. The Board also fixed the record date for the upcoming 32nd Annual General Meeting (AGM), scheduled for September 15, 2026, and approved the reconstitution of the Corporate Social Responsibility Committee.

Financial Performance Overview

Total revenue from operations dropped sharply to ₹61.24 lakhs on a consolidated basis, compared to ₹621.64 lakhs in Q1FY25. Interest income fell to ₹20.35 lakhs from ₹587.60 lakhs year-on-year, reflecting the substantial reduction in lending activities. However, recovery of financial assets written off contributed ₹40.89 lakhs to revenue, up from ₹34.04 lakhs in the prior year quarter. Other income remained minimal at ₹0.54 lakhs.

Expenses stood at ₹117.51 lakhs on a consolidated basis, with employee benefits expense at ₹59.16 lakhs and other expenses at ₹68.63 lakhs. Finance costs were significantly lower at ₹1.03 lakhs compared to ₹72.44 lakhs in Q1FY25, likely due to the earlier completion of One Time Settlements (OTS). Impairment on financial instruments was recorded at ₹(58.37) lakhs, a reversal compared to the impairment charge of ₹(102.53) lakhs in the previous year.

Auditor’s Concerns on Going Concern

Statutory auditors S. P. Chopra & Co., in their limited review report, issued a qualified conclusion emphasizing a material uncertainty related to the company’s ability to continue as a going concern. The auditors cited huge accumulated losses, the non-carrying out of lending or operational activities, and substantial reductions in recoveries from borrowers as key factors eroding the company’s net worth. Despite these concerns, management has prepared the financial results on a going concern basis, citing continued support from promoters, including unsecured loans, and the ability to generate adequate resources.

The auditors also noted that the subsidiary, Amulet Technologies Limited, reported nil revenue and a net loss of ₹4.18 lakhs for the quarter. The consolidated figures include the balancing figures from the audited full-year results of FY25, as required under Listing Regulations. The previous year’s figures included an exceptional item of ₹124.38 lakhs representing the net loss on extinguishment of borrowings under the OTS scheme completed in Q1FY25.