ENCLOSED HEREWITH ANNOUNCEMENT UNDER REG 30 FOR RSIGNATION OF MS. RAINY SINGHI
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Integrated Hitech Limited's board meeting on May 30, 2026 approved the audited financial results for Q4 and FY ended March 31, 2026, reporting total income of Rs 3.76 lakh against total expenses of Rs 33.95 lakh, resulting in a net loss of Rs 254.40 lakh. The company has negligible revenue from operations at Rs 1.70 lakh. Non-Executive Non-Independent Director Mrs. Rainy Ramesh Singhi resigned effective March 26, 2026 citing other professional commitments. The board also approved appointment of Mr. Nitin Oza as Internal Auditor for FY 2026-27 and noted the withdrawal of a company petition (CP/CA/105/CHE/2025) filed before NCLT Chennai under Section 66 of Companies Act 2013. The statutory auditor issued an unmodified opinion and the company reported cash losses of Rs 9.28 lakh (vs nil in the previous year).
The company is loss-making with negative reserves of Rs 105.19 lakh and negligible revenue, indicating serious financial distress. The director resignation and NCLT petition withdrawal add to governance concerns, making this a high-risk stock for investors.