Enclosed herewith disclosure regarding outcome of hearing of Company Petition filed before NCLT Chennai.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.5 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Integrated Hitech Limited has informed BSE that a Company Petition (CP(CA)/105/CHE/2025) filed before NCLT Chennai has been disposed of. The company itself filed a withdrawal petition in the matter, and NCLT Chennai allowed the withdrawal. As a result, the Company Petition stands disposed of as withdrawn. This indicates the company opted to pull back from whatever legal action it had initiated at the NCLT, rather than proceeding with the petition. No details were provided on the original subject or reason for withdrawal.
The withdrawal and disposal of the petition means no insolvency or winding-up proceedings are underway at this time. This is a neutral-to-positive signal for shareholders as it avoids a potentially adverse NCLT outcome, though the underlying reason for filing and then withdrawing remains unexplained.