Invigorated Business Consulting announced its financial results for the quarter, reporting a net loss of 4.20 lakh.

The company's net worth remains significantly eroded at (219.49) Cr, with accumulated losses.

Despite this, management maintains a 'going concern' outlook, focusing on recovering 6.99 Cr in doubtful trade receivables and 2.53 Cr in doubtful advances from its previous NBFC business, while exploring new ventures.

Key personnel changes include the resignation of Mr. Ashok Kumar Behl as Whole-time Director and the appointment of Mr. Parveen Kaushik as Whole-time Director, pending shareholder approval.

The board also proposed M/s. SMD & Co. as Secretarial Auditors.