Please find enclosed the Outcome of meeting of Board of Directors of the Company held on July 29, 2025.
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The Board of Directors of Invigorated Business Consulting Ltd (formerly Escorts Finance Ltd) met on July 29, 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported total income of Rs. 5.86 lakhs, down sharply from Rs. 17.49 lakhs in the same quarter last year, with zero revenue from operations. It posted a net loss of Rs. 4.20 lakhs versus a profit of Rs. 7.60 lakhs in Q1 FY25, while paid-up equity capital stands at Rs. 4,017.25 lakhs and other equity is deeply negative at Rs. (21,949.57) lakhs, meaning the company's net worth is fully eroded. The auditor's review qualified the results citing the going concern assumption, which is supported only by the management's future business plans. The Board also accepted the resignation of Whole-time Director Mr. Ashok Kumar Behl and appointed Mr. Parveen Kaushik as the new Whole-time Director for a 5-year term, along with appointing M/s. SMD & Co. as Secretarial Auditors for five years.
The company continues to post losses with no operating revenue, a fully eroded net worth, and significant reliance on future business plans to remain a going concern — a weak signal for shareholders. Turnover has dried up since the company lost its NBFC registration, though the director reshuffle and new secretarial auditor appointment are routine governance matters.