Enclosed herewith disclosure regarding withdrawal of Company Petition filed before NCLT Chennai.
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Integrated Hitech Ltd has informed BSE that the company passed a Circular Resolution on 06th May, 2026 to withdraw Company Petition No. CP(CA)/105/CHE/2025 filed before NCLT Chennai. The petition was for Reduction of Share Capital under Section 66 of the Companies Act, 2013. The withdrawal was necessitated due to a technical discrepancy in the original filing. This appears to be a procedural withdrawal rather than an adverse outcome, and the company may potentially refile the petition after addressing the technical issues.
The withdrawal of the share capital reduction petition is a procedural matter and does not indicate any financial distress or adverse regulatory action. It is unlikely to have any immediate impact on the stock price, though investors should monitor for any refiling of the petition.