Enclosed herewith Disclosure under Regulation 30 of SEBI (LODR)Regulations, 2015 relating to Appointment of Miss. Iranee Tripathi as Chief Financial Officer
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Integrated Hitech Ltd reported audited FY25 results showing a net loss of Rs. 302.80 lakhs on revenue of just Rs. 3.76 lakhs, with reserves deeply negative at Rs. -1,043.18 lakhs and total equity in the red at Rs. -42.72 lakhs. The Board approved a scheme to reduce share capital by up to Rs. 10 crores to set off accumulated business losses, and wrote off Rs. 63.07 lakhs as impairment on its US subsidiary (Integrated Hitech America Corporation). Ms. Shantwana Adhikari resigned as CFO on April 28, 2025 citing other professional commitments, and was replaced the same day by Miss. Iranee Tripathi, who is currently a management trainee pursuing a law degree. The Board also appointed Mr. Rabindra Kumar Samal as Secretarial Auditor for 5 years and Mr. Nitin Arvind Oza as Internal Auditor for FY26.
Shareholders should be concerned: the company is effectively insolvent on paper (negative net worth), its core business revenue has shrunk to near zero, and it is resorting to capital reduction to clean up balance sheet losses. Replacing the CFO with a junior trainee is a significant governance red flag that may worry investors about financial oversight at the company.