Integrated Capital Services Ltd Integrated Capital Services Ltd has re-appointed Khushvinder Singhal as an Independent Director for a second five-year term. The appointment was approved by shareholders at the Annual General Meeting held on September 30, 2025.

Singhal’s first five-year tenure as an Independent Director concluded on July 30, 2025. He was initially appointed to the board effective July 31, 2020. The company confirmed that there is no relationship between Singhal and any other director of the firm.

The intimation regarding the re-appointment was communicated to the Bombay Stock Exchange on October 1, 2025. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of Appointment

The filing was signed by Vartika Jain, Company Secretary and Compliance Officer of Integrated Capital Services Ltd.

Integrated Capital Services reported a consolidated net loss of ₹129.52 lakh for the fiscal year ended March 31, 2026, a significant widening from the ₹0.69 lakh loss recorded in FY25. The deterioration was driven primarily by a non-recurring exceptional item of ₹47.28 lakh, which outweighed the operational turnaround that saw pre-tax profit rise to ₹28.03 lakh from a loss of ₹1.95 lakh in the previous year.

The company’s revenue from operations grew by approximately 27% to ₹84.00 lakh, reflecting increased activity in its advisory and consulting services segment. This top-line growth was accompanied by a sharp rise in other income, which jumped to ₹51.28 lakh from ₹8.25 lakh in FY25. However, total expenses also expanded significantly to ₹107.25 lakh, up from ₹76.37 lakh, largely due to higher professional charges and commission costs within other expenses.

Financial Performance Overview

What the Numbers Show

The financial data reveals a stark divergence between operational performance and the bottom line. While the core business generated a positive operating profit of ₹28.03 lakh, the final net loss of ₹129.52 lakh was dictated entirely by the ₹47.28 lakh exceptional charge and a high effective tax burden. The tax expense stood at ₹110.27 lakh (current and deferred), which is disproportionate to the pre-tax profit, indicating significant deferred tax adjustments or utilization of prior losses that impacted the current year's reporting. Furthermore, other income constituted roughly 38% of total income, highlighting a continued reliance on non-operational cash flows alongside core consulting revenues.

Balance Sheet and Cash Position

The company strengthened its liquidity position during the year. Cash and cash equivalents surged to ₹190.13 lakh from ₹27.74 lakh at the end of FY25. Total assets decreased slightly to ₹1,065.63 lakh from ₹1,217.51 lakh, driven by a reduction in property, plant, and equipment due to disposals. The group has no external borrowings from banks or financial institutions, with liabilities primarily comprising trade payables and provisions.

Corporate Governance and AGM

The Board of Directors did not recommend any dividend for FY26. The sole preference shareholder waived its right to receive current and accumulated dividends, and the redemption date for these shares was extended by two years to January 14, 2028. The 33rd Annual General Meeting is scheduled for September 30, 2026, where shareholders will consider the reappointment of Mr. Sajeve Deora as Chairman and Director. Mr. Ashish Sanwal was appointed as Chief Financial Officer in May 2026, succeeding Mr. Pinku Kumar Singh.