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.

Intec Capital Limited, a non-banking financial company, has announced the resignation of Mr. Kanwar Nitin Singh from his position as Non-Executive Independent Director. The resignation, effective November 10, 2025, was attributed to pre-occupation elsewhere, according to a regulatory filing by the company.

Resignation Details

Mr. Singh's departure from the board comes with immediate effect, as he stated in his resignation letter that he would not be able to fulfill his responsibilities towards the company due to other commitments. The Board of Directors has acknowledged his valuable contribution during his tenure.

Corporate Governance Implications

This resignation highlights the importance of board composition and the challenges companies face in maintaining a stable and committed leadership team. Independent directors play a crucial role in ensuring good corporate governance and providing unbiased oversight.

Mr. Singh's Current Directorships

At the time of his resignation, Mr. Singh held independent director positions at six other listed entities:

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Intec Capital has provided the following key information:

1. The resignation is effective from November 10, 2025.
2. Mr. Singh has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.
3. The company has submitted the necessary documentation to the stock exchange, including the resignation letter as an annexure.

Impact on Intec Capital

While the immediate impact of Mr. Singh's resignation on Intec Capital's operations is not specified, the company will need to find a suitable replacement to maintain the required composition of its board of directors. This change in the board structure may lead to a brief period of adjustment for the company's governance processes.

Investors and stakeholders will likely be watching closely to see how Intec Capital addresses this change in its board composition and whether it affects the company's strategic direction or decision-making processes in the near future.