Intec Capital Ltd — Updates, 30-05-2025: Company Update

Intec Capital has announced a board meeting outcome where it approved the annual accounts of its subsidiary, Amulet Technologies, and took on record the financial results for the quarter and year ended March 31, 2025. M/s T.K. Gupta & Associates was appointed as the internal auditor for FY 2025-26, and M/s Srishti Singh & Associates was appointed as secretarial auditor for five years, subject to shareholder approval. The auditor issued a qualified opinion citing Intec’s inability to account for accrued interest on certain non-performing loans, affecting reported profitability and net worth, with material uncertainty cast on the group’s ability to continue as a going concern. The company is in the process of settling loans under One Time Settlement approved by lenders.