ENCLOSED HEREWITH 32ND NOTICE OF AGM TO BE HELD ON 30/08/2025
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Integrated Hitech Limited has announced its 32nd AGM scheduled for August 30, 2025 at 2:00 PM via video conferencing. The agenda includes adoption of FY24-25 financial statements, reappointment of Mrs. Rainy Ramesh Singhi as director, and appointment of M/s. ABNJ & Co. as new statutory auditors for a 5-year term (till 2030 AGM). The most significant proposal is a 99% reduction of paid-up share capital — consolidating 1,00,04,600 equity shares into just 1,00,046 shares (every 100 shares become 1 share), with the Rs 10.43 crore of accumulated losses being set off against the existing Rs 10 crore paid-up capital. The company is also seeking shareholder approval to regularise Mr. Saroj Kumar Choudhury as Independent Director and appoint Mr. Rabindra Kumar Samal as Secretarial Auditor for 3 years. Cut-off date for e-voting eligibility is August 23, 2025; remote e-voting runs August 27-29, 2025.
The 99% capital consolidation means each shareholder will hold 1 share for every 100 held — total investment value should remain unchanged mathematically, but share price and liquidity profile will change materially (price may technically adjust upward by ~100x). Existing investors should watch for NCLT approval timeline and the record date announcement. The new auditor appointment and accumulated-losses write-off suggest the company is cleaning up its balance sheet.