Invigorated Business Consulting Limited (IBCL) has announced the appointment of Mr. Parveen Kaushik as Whole-time Director for a five-year term, following approval by shareholders at the company's 37th Annual General Meeting (AGM).

Key Appointment Details

• Term: July 29, 2025 to July 28, 2030
• Approval Date: September 12, 2025
• Position: Whole-time Director (Key Managerial Personnel)

About Parveen Kaushik

Mr. Kaushik brings significant financial expertise to his new role:

• Qualified as a Chartered Accountant in 2014
• Over 11 years of experience in financial accounting, reporting, and compliance
• Associated with IBCL since 2020, overseeing financial and management accounting

Shareholder Approval and Voting Results

The appointment was overwhelmingly approved by shareholders:

Additional AGM Highlights

The 37th AGM, held on September 12, 2025, also saw the approval of other significant resolutions:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Reappointment of Mr. Kamal Sachdeva as a Director
3. Appointment and remuneration fixation of Secretarial Auditors

Company Background

Invigorated Business Consulting Limited, formerly known as Escorts Finance Limited, is headquartered at 15/5, Mathura Road, Faridabad. The company's shares are listed on the BSE.

The appointment of Mr. Kaushik as Whole-time Director signals IBCL's commitment to strengthening its financial leadership and governance structure. With his extensive experience in financial management, Mr. Kaushik is expected to play a crucial role in guiding the company's financial strategies and operations in the coming years.

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.