Un-audited Financial Results of Intec Capital Limited ("the Company") for the Quarter Ended 31st December, 2025
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Intec Capital's board approved its Q3 and nine-month FY26 standalone and consolidated results on February 12, 2026. The company has completed a one-time settlement (OTS) with all its lender banks during the quarter ended June 30, 2025, receiving no-due certificates, with a resulting net loss of Rs. 124.38 lakhs recorded as an exceptional item. The statutory auditor (S.P. Chopra & Co.) flagged a 'Material Uncertainty Related to Going Concern' in both standalone and consolidated reviews, citing huge accumulated losses, halted lending activities, sharply reduced recoveries from borrowers, substantial erosion of net worth, and delays in paying statutory dues. Management is keeping the books on a going-concern basis citing promoter support (including an interest-free unsecured loan from Mr. Sanjeev Goel) and post-OTS position. The board also approved related-party items, including allowing M/s Modern Credit Private Limited to participate in company auctions.
Caution warranted: while the OTS completion removes a major debt overhang, the auditor's explicit going-concern flag, accumulated losses, eroded net worth, and stalled core lending business indicate fundamental weakness. Shareholders face material uncertainty about the company's long-term viability despite promoter backing.