Outcome of the meeting of the Board of Directors held on Tuesday, August 05, 2025.
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The Board of Indo Credit Capital approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero income from operations in Q1 FY26, compared to Rs 0.44 lakh in Q1 FY25 — a complete revenue wipeout. Total expenses rose to Rs 8.09 lakh from Rs 6.77 lakh, driven mainly by higher employee costs (Rs 3.30 lakh vs Rs 2.01 lakh) and other expenses (Rs 4.79 lakh vs Rs 4.76 lakh). Net loss widened to Rs 8.09 lakh from Rs 6.33 lakh a year ago, with loss per share at Rs 0.11. The statutory auditor (Naimish N. Shah & Co.) issued an unqualified limited review report. The Board also appointed CS Rupal Patel as Secretarial Auditor and fixed September 10, 2025 for the 32nd AGM, with book closure from September 4–10, 2025.
Sharply negative — the NBFC reported no operating income for the quarter and losses continued to widen, with negative other equity of Rs 141.42 lakh carried forward from FY25 raising concerns about long-term sustainability. Shareholders should watch for clarity on revenue revival and capital adequacy at the upcoming AGM.