Invigorated Business Consulting Limited (IBCL), formerly known as Escorts Finance Limited, has reported a net loss of Rs 4.20 lakh for the quarter ended June 30, 2025. The company also announced significant changes in its leadership and auditing structure during a board meeting held on July 29, 2025.

Financial Performance

For the quarter ended June 30, 2025, IBCL reported:

The company's financial results reflect its ongoing challenges, with no revenue from operations and income solely derived from other sources. IBCL's net worth remains fully eroded, with accumulated losses as of June 30, 2025.

Leadership Changes

The board meeting brought significant changes to IBCL's leadership:

• Mr. Ashok Kumar Behl resigned from his position as Whole-time Director, effective July 29, 2025.
• Mr. Parveen Kaushik was appointed as an Additional Director in the capacity of Whole-time Director and Key Managerial Personnel. His appointment is for a term of 5 years, subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Kaushik, a Chartered Accountant with over 11 years of experience in financial accounting, reporting, and compliance, has been associated with the company since 2020.

Appointment of Secretarial Auditors

The board has recommended the appointment of M/s. SMD & Co., a peer-reviewed firm of Practicing Company Secretaries, as the Secretarial Auditors for a period of five years starting from the financial year 2025-26. This appointment will be subject to shareholder approval at the ensuing Annual General Meeting.

Business Outlook

Despite the fully eroded net worth and accumulated losses, IBCL's management continues to operate on a going concern basis. The company is focusing on:

• Recovering old delinquent loan assets from its previous NBFC business through settlements, compromises, and legal actions.
• Exploring various options to undertake suitable new business ventures.

IBCL changed its name from Escorts Finance Limited in June 2023, following directions from the Reserve Bank of India to adopt a name that does not reflect financial business activities. The company currently has nil turnover post the name change and cessation of its NBFC operations.

As IBCL navigates through these challenging times, the appointment of Mr. Kaushik as Whole-time Director and the engagement of new Secretarial Auditors may signal the company's efforts to strengthen its governance and explore new business opportunities.

Invigorated Business Consulting Limited (IBCL), formerly known as Escorts Finance Limited, has approved its unaudited financial results for the quarter ended June 30, 2025. The company reported a net loss and announced significant leadership changes along with the appointment of a new secretarial auditor.

Financial Performance

For the quarter ended June 30, 2025, IBCL reported:

The company's total income for Q1 FY2026 stood at Rs 5.86 lakh, significantly lower than the Rs 17.49 lakh reported in the same quarter last year. The decrease in income, coupled with slightly higher expenses, resulted in a net loss of Rs 4.20 lakh for the quarter.

Leadership Changes

IBCL announced the resignation of Mr. Ashok Kumar Behl from the position of Whole-time Director, effective July 29, 2025. Simultaneously, the Board approved the appointment of Mr. Parveen Kaushik as an Additional Director in the capacity of Whole-time Director and Key Managerial Personnel. Mr. Kaushik's appointment is for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting.

Appointment of Secretarial Auditor

The Board has recommended the appointment of M/s. SMD & Co., a peer-reviewed firm of Practicing Company Secretaries, as the Secretarial Auditors of the company for a period of five years, effective from the financial year 2025-26. This appointment will be subject to shareholder approval at the ensuing Annual General Meeting.

Ongoing Challenges

IBCL continues to face significant financial challenges. The company's net worth remains fully eroded, with accumulated losses as of June 30, 2025. Despite these difficulties, management maintains that the going concern concept is not vitiated, citing future business plans and ongoing efforts to recover old delinquent loan assets from its previous NBFC operations.

The company is no longer registered with the Reserve Bank of India as a Non-Banking Financial Institution, following the cancellation of its registration in 2016. IBCL now operates in the consultancy and advisory services sector.

Outlook

While IBCL faces substantial financial hurdles, the management is exploring various options to undertake suitable business ventures. The company continues to focus on the recovery of old delinquent loan assets through settlement, compromise, and legal action arising from its earlier NBFC business.

Investors and stakeholders will be watching closely to see if the new leadership and business strategies can turn the company's fortunes around in the coming quarters.