Intec Capital Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following a Board meeting held on February 12, 2026. The company, primarily engaged in providing loans to Small and Medium Enterprises, reported mixed performance with revenue growth but continued losses in the recent quarter.

Financial Performance Overview

The company's standalone financial performance showed significant improvement in revenue generation compared to the previous year. For the quarter ended December 31, 2025, Intec Capital reported total revenue from operations of ₹194.13 lakhs, marking a substantial increase from ₹41.48 lakhs in the corresponding quarter of the previous year.

Revenue Components and Operational Results

The company's revenue primarily comprised interest income of ₹173.48 lakhs and recovery of financial assets written off amounting to ₹20.65 lakhs for the quarter. Total expenses for the quarter stood at ₹211.99 lakhs, including finance costs of ₹91.10 lakhs and employee benefits expense of ₹50.35 lakhs. Despite the revenue growth, the company reported a net loss of ₹35.09 lakhs for the quarter, compared to a loss of ₹63.69 lakhs in the same quarter of the previous year.

Nine-Month Performance and Exceptional Items

For the nine-month period ended December 31, 2025, the company demonstrated a remarkable turnaround with a net profit of ₹210.27 lakhs on standalone basis, compared to a loss of ₹282.58 lakhs in the corresponding period of the previous year. However, this performance included the impact of a one-time settlement (OTS) with lender banks completed during the quarter ended June 30, 2025, which resulted in a net loss of ₹124.38 lakhs shown as an exceptional item.

Corporate Actions and Board Decisions

The Board of Directors approved several significant corporate actions during their meeting. Key decisions included the regularization of appointment of Mr. Saurabh Sharma as an Independent Director and the conversion of interest-bearing unsecured loan from Mr. Sanjeev Goel into an interest-free unsecured loan. The Board also approved the participation of Modern Credit Private Limited, a related party, in auctions conducted by the company.

Going Concern and Auditor's Observations

The auditors highlighted material uncertainty related to the company's ability to continue as a going concern, citing huge accumulated losses, reduced operational activities, and substantial reduction in recoveries from borrowers. These conditions have resulted in substantial erosion of net worth and delays in payment of statutory dues. However, the management has prepared the financial results on a going concern basis, supported by continued promoter support and completion of the one-time settlement with lender banks.

Consolidated Results and Subsidiary Performance

On a consolidated basis, which includes wholly-owned subsidiary Amulet Technologies Limited, the company reported total revenue of ₹220.85 lakhs for the quarter and a net loss of ₹39.15 lakhs. The subsidiary contributed minimal revenue of ₹0.20 lakhs but recorded a net loss of ₹4.04 lakhs for the quarter. The consolidated nine-month performance showed a net profit of ₹198.13 lakhs, reflecting the overall improvement in the group's financial position despite operational challenges.

Intec Capital Limited's Board of Directors held a meeting on January 15, 2026, approving key appointments and financial restructuring decisions that require shareholder approval for implementation.

Board Composition Enhancement

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Saurabh Sharma (DIN: 09263133) as an Additional Director in a Non-Executive Independent capacity. The appointment structure follows a phased approach, with Mr. Sharma initially serving for three months from his appointment date or until shareholder approval is obtained, whichever comes first.

Upon shareholder approval, Mr. Sharma will serve as an Independent Director for five consecutive years from his appointment date, strengthening the company's independent oversight capabilities.

Director Profile and Qualifications

Mr. Saurabh Sharma brings valuable expertise to the board as a law graduate with sound professional experience in corporate and regulatory matters. His strong expertise in legal compliance, governance, and advisory functions is expected to contribute effectively to strategic decision-making processes.

The company has confirmed that Mr. Sharma is not related to the Promoter or Promoter Group and fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the Listing Regulations.

Financial Restructuring Decision

The board also addressed the company's debt structure by approving the conversion of an existing interest-bearing unsecured loan from Mr. Sanjeev Goel into an interest-free unsecured loan. This conversion is contingent upon shareholder approval and represents a potential cost-saving measure for the company.

Regulatory Compliance and Disclosure

The company has communicated these decisions to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent disclosure to stakeholders and the investment community. The disclosure also adheres to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, providing comprehensive details about the director appointment.

The board meeting was conducted efficiently, commencing at 4:00 p.m. IST and concluding at 4:25 p.m. IST on January 15, 2026, with the appointment taking effect from the same date.