Annual Audited Financial Statements (Standalone & Consolidated) for the Financial Year 31.03.2026
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Intec Capital Ltd reported standalone total revenue of Rs. 2,488.97 lakhs for FY26, up from Rs. 1,742.30 lakhs in FY25, showing strong revenue growth of approximately 43%. However, the company reported a net loss of Rs. 872.73 lakhs after accounting for an exceptional item of Rs. 124.38 lakhs related to One Time Settlement (OTS) with lender banks. The auditors from S.P. Chopra & Co. issued an unqualified opinion but flagged a Material Uncertainty Related to Going Concern due to huge accumulated losses, cessation of lending operations, and substantial erosion of net worth. The company completed its OTS with all lender banks during the year, fully repaying amounts and receiving No Dues Certificates. Management prepared the financial statements on a going concern basis citing continued promoter support. The wholly-owned subsidiary Amulet Technologies Ltd also reported a net loss of Rs. 2.66 lakhs with minimal revenue of Rs. 2.34 lakhs.
The going concern uncertainty flagged by auditors is a serious red flag for investors. Despite revenue growth, the company is loss-making and has ceased core lending operations. The OTS completion reduces debt but the fundamental business model appears non-functional.