Submission of Notice of 31st Annual General Meeting and Integrated Annual Report for the Financial Year 2024-25 of Intec Capital Limited
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Intec Capital Limited, an RBI-registered NBFC, has submitted the notice for its 31st AGM scheduled for September 26, 2025 via video conferencing, along with its Integrated Annual Report for FY 2024-25. The Company reported a strong turnaround with standalone net profit of Rs. 30.04 lakhs against a previous year loss of Rs. 1,369.10 lakhs, and consolidated net profit of Rs. 21.92 lakhs versus a Rs. 565.32 lakh loss. Standalone revenue rose to Rs. 436.53 lakhs from Rs. 379.68 lakhs. A major milestone was the successful completion of One Time Settlement (OTS) with all lender banks, and No Dues Certificates have been received. No dividend has been recommended this year. Remote e-Voting is open from September 23-25, 2025 with cut-off date of September 19, 2025.
The return to profitability and full settlement of lender obligations mark a significant recovery for shareholders, though the Capital Adequacy Ratio remains deeply negative (-41.36% standalone) and the statutory auditor has issued a modified/qualified report. No dividend means no immediate cash return, but the cleaned balance sheet could improve future operational flexibility.