Integrated Capital Services Limited (ICSL) has announced significant changes in its operations and asset management, as per the outcome of its recent Board of Directors meeting held on September 15, 2025.

Registered Office Relocation

The company's Board of Directors has decided to shift ICSL's registered office to a new location in New Delhi. Effective September 16, 2025, the registered office will be situated at:

Avanta Business Centre, Room No. 1313, 13th Floor, Ambadeep Building, KG Marg, New Delhi 110001

This move comes as part of the company's strategy to adapt to the evolving work environment. ICSL has adopted a remote working model and expects this relocation to managed and shared facilities will enhance its operational effectiveness and efficiency.

Subsidiary's Property Sale Plans

In addition to the office relocation, the Board took note of a significant development concerning its wholly-owned subsidiary, Green Infra Profiles Private Limited. The subsidiary is proposing to sell its property:

Flat No. 606, New Delhi House, 27 Barakhamba Road, New Delhi 110001

It's important to note that this proposed sale is subject to necessary compliances and approvals.

Impact on Operations

The shift to a new registered office and the adoption of remote working practices signify ICSL's commitment to modernizing its operations. By moving to managed and shared facilities, the company aims to optimize its resources and potentially reduce operational costs.

The proposed property sale by its subsidiary, Green Infra Profiles Private Limited, could indicate a strategic realignment of assets, though the specific motivations behind this decision have not been revealed.

Investors and stakeholders will likely be keen to observe how these changes affect ICSL's operational efficiency and financial performance in the coming quarters. As always, any material impacts of these decisions will be reflected in future financial reports and corporate announcements.

The company has duly informed the BSE Limited of these developments, ensuring compliance with regulatory disclosure requirements.

Intrasoft Technologies Limited , a company operating in the e-commerce and digital solutions space, has reported a decline in its financial performance for the first quarter. The company faced headwinds in its e-commerce business, leading to a decrease in revenue and profitability.

Revenue and Profitability

For the quarter, Intrasoft Technologies reported:

• Revenue from operations decreased by 10.5% to ₹204.13 crores, down from ₹228.11 crores in the same quarter of the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell by 35.8% to ₹6.75 crores.
• PAT (Profit After Tax) dropped significantly by 52.6% to ₹2.75 crores.

The company's profitability margins also contracted:

• EBITDA margin reduced to 3.3% from 4.6% in the corresponding quarter last year.
• PAT margin decreased to 1.3% from 2.5%.

Segment Performance

The company's performance was primarily affected by challenges in its e-commerce segment:

• The 123Stores segment, which represents the company's e-commerce business, saw a 10.6% decline in revenue to ₹201.86 crores.
• EBIT (Earnings Before Interest and Taxes) for the 123Stores segment fell sharply by 44.3%.

However, there was a silver lining in the company's digital solutions business:

• The 123Greetings segment showed growth, with revenue increasing by 6.7% to ₹1.91 crores.
• EBIT for the 123Greetings segment rose by 20%.

Financial Position

Despite the challenging quarter, Intrasoft Technologies maintains a strong financial position:

• The company reported a net cash position of ₹40.55 crores.

Management Focus

Intrasoft Technologies is focusing on:

• Implementing operational efficiencies
• Cost optimization measures
• Navigating the challenging macro conditions in the US e-commerce market

Market Context

The decline in Intrasoft's e-commerce business aligns with broader challenges faced by the e-commerce sector, particularly in the US market. Factors such as inflationary pressures, changes in consumer spending patterns, and increased competition may have contributed to the company's performance this quarter.

As Intrasoft Technologies continues to adapt to the evolving e-commerce landscape, the growth in the 123Greetings segment offers a potential bright spot, suggesting that diversification might help offset challenges in the e-commerce division.

Note: All financial figures are in Indian Rupees (₹) and are reported on a consolidated basis.