Annual Report for FY March 31, 2025
Awaiting price reaction for this filing.
Inditalia Refcon Ltd has submitted its 39th Annual Report for FY2024-25 along with the AGM notice to BSE. The 39th AGM is scheduled for September 30, 2025, at 12:30 PM in physical mode, with September 23, 2025 fixed as the record date. The company reported zero gross income and a net loss of Rs 6.78 lakhs for FY25, with no manufacturing or trading activity during the year, and no dividend declared. Major developments include board reconstitution on April 30, 2025 with three new directors, reappointment of Ms. Sujata Mital as Managing Director for 5 years, appointment of a new RTA (Purva Shareregistry), and a pending BSE compulsory delisting process since June 2023 (status quo continues, no final order yet). A Rs 3 lakh SEBI penalty was paid in May 2024 for share capital reconciliation issues. Shareholders will also vote on appointing M/s. Shah Kailash & Associates as statutory auditors for 5 years and reappointing Mr. Navin Sheth (79 years) as whole-time director via special resolution.
Negative signals dominate: the company remains non-operational with no revenue and ongoing losses, and a BSE delisting notice is still pending which could remove the stock from exchanges. No dividend for shareholders, and the delisting overhang is the key concern for retail investors.