Invigorated Business Consulting News

Invigorated Business Consulting Reports Net Loss in Quarterly Results Despite Fully Eroded Net Worth

Invigorated Business Consulting Limited (formerly Escorts Finance Limited) reported a net loss of Rs 4.20 lakhs for the quarter ended September 30, 2025, compared to a net loss of Rs 3.57 lakhs in the previous quarter. The company's net worth remains fully eroded with accumulated losses, while other income decreased to Rs 4.47 lakhs from Rs 5.86 lakhs in the prior quarter. The company is no longer registered with RBI as a Non-Banking Financial Institution after cancellation in May 2016. Total expenses for the quarter were Rs 10.64 lakhs, primarily consisting of other expenses of Rs 10.41 lakhs and finance costs of Rs 0.20 lakhs. The company continues to focus on recovery of old loan assets from its earlier NBFC business and is considering various business options. Cash and cash equivalents stood at Rs 59.77 lakhs as of September 30, 2025.

Invigorated Business Consulting Reports Quarterly Results, Announces Leadership Changes

Invigorated Business Consulting Limited approved its unaudited financial results for the quarter ended June 30, 2025. The company announced significant leadership changes with Mr. Ashok Kumar Behl resigning as Whole-time Director effective July 29, 2025, and Mr. Parveen Kaushik being appointed as additional director in the capacity of Whole-time Director for a five-year term. The Board also recommended the appointment of M/s. SMD & Co. as Secretarial Auditors for five years starting from financial year 2025-26. The company's net worth remains fully eroded with accumulated losses, though management continues operations on a going concern basis while focusing on recovery of old loan assets from its earlier NBFC business. The company is no longer registered with RBI as a Non-Banking Financial Institution after cancellation in 2016.

Invigorated Business Consulting Approves Quarterly Results, Appoints New Whole-time Director

Invigorated Business Consulting Limited approved unaudited financial results for the quarter ended June 30, 2025, at a board meeting held on July 29, 2025. The company announced the resignation of Ashok Kumar Behl as Whole-time Director effective July 29, 2025, and appointed Parveen Kaushik as additional director and Whole-time Director for a five-year term. Kaushik is a chartered accountant with 11 years of experience in financial accounting and compliance, associated with the company since 2020. The board also recommended the appointment of M/s. SMD & Co. as Secretarial Auditors for five years starting from financial year 2025-26. The company's net worth remains fully eroded with accumulated losses, but management continues operations on a going concern basis while focusing on recovery of old loan assets from its previous NBFC business. The company changed its name from Escorts Finance Limited in June 2023 following RBI directions, and currently has nil turnover post name change.

Invigorated Business Consulting Approves Quarterly Results, Announces Leadership Changes

Invigorated Business Consulting Limited approved its unaudited financial results for the quarter ended June 30, 2025. The company announced the resignation of Ashok Kumar Behl as Whole-time Director effective July 29, 2025, and appointed Parveen Kaushik as additional director in the capacity of Whole-time Director for a five-year term. The Board also recommended the appointment of M/s. SMD & Co. as Secretarial Auditors for five years starting from financial year 2025-26. The company's net worth remains fully eroded with accumulated losses, though management maintains a going concern basis citing future business plans and ongoing recovery efforts from its previous NBFC operations. The company operates in consultancy/advisory services and is no longer registered as a Non-Banking Financial Institution with RBI.