ENCLOSED HEREWITH 32nd ANNUAL REPORT OF THE COMPANY FOR FY 2024-25
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Integrated Hitech Ltd (BSE: 532303) has filed its 32nd Annual Report for FY 2024-25 along with the notice for its 32nd Annual General Meeting scheduled for August 30, 2025, at 2:00 PM via video conferencing. The AGM agenda includes adoption of financial statements, reappointment of a rotating director, and appointment of M/s. ABNJ & Co. as the new statutory auditor for a 5-year term (until 2030 AGM). The most significant proposal is a 99% reduction of paid-up share capital to set off accumulated losses of Rs. 10.43 crore against the existing paid-up capital of Rs. 10 crore, requiring NCLT approval. If approved, every shareholder would receive 1 equity share for every 100 shares held, and the paid-up capital would shrink from Rs. 10.00 crore to Rs. 10.00 lakh. Several board changes are noted, including the resignation of Mr. Rajendhiran Jayaram and CFO Ms. Shantwana Adhikari, and the appointment of Mr. Saroj Kumar Choudhury as Independent Director (to be regularised at the AGM).
Shareholders should pay close attention to the capital reduction proposal — it reflects serious accumulated losses (Rs. 10.43 crore) and would reduce the share count by 99% (100:1 consolidation in reverse), but does not change the underlying value of the business. The proposal is subject to NCLT and other regulatory approvals, so timing and execution carry risk. Auditor and board changes are routine but worth tracking.