Invigorated Business Consulting Limited shareholders appointed Mr. Gaurav Yadav as independent director for a five-year term starting September 2, 2026. He replaces Mr. Sumit Raj, who completed his second term as independent director at the company’s 38th annual general meeting.

The appointment was approved alongside the adoption of FY26 financials and the reappointment of Mr. Parveen Kaushik as director. All three resolutions passed with a 73.41% vote turnout, reflecting significant shareholder engagement.

Board Composition Changes

Mr. Yadav brings over 13 years of experience in secretarial and legal compliances. He holds a Commerce degree, an MBA in Finance, an LLB, and is an Associate Member of the Institute of Company Secretaries of India. The company confirmed there are no inter se relationships between Mr. Yadav and other directors or key managerial personnel.

Mr. Raj’s tenure concluded upon the completion of his second term as an independent director. His cessation date aligns with the conclusion of the AGM on September 2, 2026.

Voting Results

According to the scrutinizer’s report filed with BSE Limited, 68 shareholders holding 2,95,49,496 equity shares participated in the voting process out of a total paid-up capital of ₹40.25 crore (4,02,50,000 equity shares).

Promoter and promoter group shareholders voted in favour of all resolutions through remote e-voting. Public non-institutional shareholders also supported the resolutions, with 99.85% of their polled votes casting assent.

Meeting Proceedings

Mr. Parveen Kaushik, Chairman and Whole-time Director, welcomed shareholders and confirmed the presence of the requisite quorum. He introduced the directors, key managerial personnel, and invitees present at the meeting. Ms. Chakshoo Mehta, Company Secretary and Compliance Officer, briefed members on statutory requirements and procedures.

Statutory registers and other required documents were made available for electronic inspection during the meeting. Shareholders registered as speakers were given the opportunity to express views or ask queries regarding agenda items. The Chairman responded to these queries adequately.

Voting Process Details

Members who had not cast their votes through remote e-voting were provided an opportunity to vote electronically via Central Depository Services (India) Limited during the AGM. The e-voting window remained open for 15 minutes post-conclusion of the AGM. M/s. SMD & Co., Practicing Company Secretaries, were appointed as scrutinizers for the voting process.

The voting results and the scrutinizer's report have been submitted to stock exchanges within two working days from the conclusion of the AGM. These results are also available on the company's website and the CDSL website.

Invigorated Business Consulting Limited has published advertisements intimating the dispatch of its 38th Annual General Meeting (AGM) notice and Annual Report for the financial year ended March 31, 2026 (FY26). The notices appeared in Financial Express (English) and Jansatta (Hindi) on August 08, 2026, in compliance with SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The 38th AGM is scheduled for September 02, 2026, at 12:00 Noon (IST). The meeting will be conducted through Video Conference or Other Audio-Visual Means (OAVM), adhering to Ministry of Corporate Affairs circulars and SEBI Listing Regulations. Shareholders will vote on the adoption of audited financial statements, the re-appointment of Mr. Parveen Kaushik as a Director retiring by rotation, and the appointment of Mr. Gaurav Yadav as an Independent Director for a five-year term.

Financial Context and Governance

The AGM agenda follows the disclosure of a widened net loss of ₹22.91 lacs for FY26, up from ₹7.94 lacs in FY25. This deterioration was driven by a sharp decline in total income to ₹20.49 lacs, while total expenses remained stable at ₹43.40 lacs. The company’s net worth remains fully eroded, with total equity standing at negative ₹17,955.23 lacs against total assets of ₹409.04 lacs as of March 31, 2026.

Statutory auditors M/s Kapish Jain & Associates issued an unqualified opinion but included an emphasis of matter regarding accumulated losses and eroded net worth. During FY26, the company paid a fine of ₹11,800 levied by BSE Limited for delayed intimation of a Board meeting under Regulation 29 of the SEBI Listing Regulations.

Voting Process

Remote e-voting will be available from August 30, 2026, to September 01, 2026. The cut-off date for determining eligible members is August 26, 2026. The publication of these notices ensures shareholders are informed of the procedural timelines and key resolutions to be discussed during the upcoming meeting.