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.

Invigorated Business Consulting Limited reported a net loss of ₹5.34 lakh for the quarter ended June 30, 2026, widening from the ₹4.96 lakh loss recorded in the preceding quarter. The company’s net worth remains fully eroded, with accumulated losses exceeding its paid-up equity share capital of ₹4,017.25 lakh. Despite this position, management asserts that the going concern concept is not vitiated, citing ongoing efforts to recover delinquent loan assets from its former Non-Banking Financial Company (NBFC) operations.

The Board of Directors approved the unaudited financial results at a meeting held on July 28, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board. Kapish Jain & Associates, the statutory auditors, issued a limited review report, noting that except for the implications of the eroded net worth, nothing came to their attention to suggest material misstatement in the standalone financial results prepared under Ind AS 34.

Financial Performance Overview

The company generated no revenue from operations during the quarter, with total income restricted to other income of ₹4.81 lakh, down from ₹5.12 lakh in the previous quarter and ₹5.86 lakh in the same period last year. Total expenses stood at ₹10.15 lakh, driven primarily by other expenses of ₹7.76 lakh and finance costs of ₹2.37 lakh. Depreciation and amortisation expense remained minimal at ₹0.02 lakh.

Earnings per share stood at a loss of ₹0.0133 for the quarter, compared to a loss of ₹0.0123 in the previous quarter and ₹0.0105 in the corresponding period of the prior year. For the full fiscal year ended March 31, 2026, the company reported a net loss of ₹22.91 lakh.

Key Disclosures and Risks

The statutory auditor highlighted that the company’s net worth is fully eroded, although management asserts that the going concern concept remains valid due to future business plans. The company has maintained provisions of ₹699.70 lakh for doubtful trade receivables and ₹253.82 lakh for doubtful advances, citing considerable delays and difficulties in collecting installments and recovering advances.

Additionally, M/s Escorts Benefit Trust deposited the entire outstanding liability towards unclaimed fixed deposits and interest, amounting to ₹1,056.22 lakh, with the Investor Education & Protection Fund (IEPF) on February 2, 2022. The company is no longer registered with the Reserve Bank of India (RBI) as an NBFC, following the cancellation of its registration in May 2016. Deferred tax assets have not been recognized due to the lack of virtual certainty regarding future taxable income.