Intec Capital Ltd — Board Meeting, 30-05-2025: Board Meeting

Intec Capital Limited has announced a board meeting to consider the financial results for the quarter and half-year. The consolidated financials show a significant qualified audit opinion due to the company’s inability to account for accrued interest of Rs. 65.15 Cr on term loans and working capital facilities owed to banks, stemming from a downturn in lending business and increased non-performing loans. This has led to liquidity issues, defaults on loan repayments, and a substantial erosion of net worth, turning it negative at Rs. (29.36) Cr. Despite these challenges, the company has secured lender approval for a One Time Settlement (OTS) and has made substantial payments towards it. Material uncertainty exists about the group’s ability to continue as a going concern, reflecting ongoing operational and financial stress.