Please find enclosed herewith intimation with respect to appointment of Mr. Parveen Kaushik as an additional director in capacity of Whole time Director and Key Managerial Personnel of ....
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Invigorated Business Consulting Ltd (formerly Escorts Finance) held a board meeting on July 29, 2025, where it approved its unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total income stood at Rs. 5.86 lakhs versus Rs. 17.49 lakhs in the same quarter last year, with revenue from operations at zero. The company posted a small loss of Rs. 4.20 lakhs versus a profit of Rs. 7.60 lakhs a year ago. Net worth remains fully eroded at negative Rs. 21,949.57 lakhs, and management continues to prepare accounts on a going-concern basis. The board noted the resignation of Mr. Ashok Kumar Behl as Whole-time Director effective July 29, 2025, and appointed Mr. Parveen Kaushik (a Chartered Accountant already associated with the company since 2020) as Additional Director and Whole-time Director/KMP for a five-year term. M/s. SMD & Co. was also appointed as Secretarial Auditor for five years from FY 2025-26.
Operational income is negligible and the company is loss-making with fully eroded net worth, signaling weak fundamentals; however, the seamless internal elevation to the WTD role avoids leadership uncertainty. Shareholders should monitor recovery of legacy NBFC assets and the company's ability to restart revenue-generating business, as the stock remains a turnaround bet rather than an earnings story.