Enclosed herewith Disclosure under Regulation 30 of SEBI(LODR) 2015 relating to Appointment of Mr.Rabindra Kumar Samal as Secretarial Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Integrated Hitech's board approved audited results for Q4 and FY ending March 31, 2025, reporting a full-year net loss of Rs. 302.80 lakhs on negligible revenue of Rs. 1.70 lakhs. Reserves have plunged to negative Rs. 1,043.18 lakhs, pushing total equity into negative territory at Rs. -42.72 lakhs. The company recognised a Rs. 63.07 lakh impairment on its US subsidiary and scrapped obsolete computer/software assets, booking a Rs. 148.76 lakh loss. Given accumulated business losses, the board approved a proposal for capital reduction of up to Rs. 10 crores. CFO Ms. Shantwana Adhikari resigned effective the same day, and Miss Iranee Tripathi (currently a management trainee pursuing LLB) was appointed as the new CFO. The board also appointed Mr. Rabindra Kumar Samal as Secretarial Auditor for five years and Mr. Nitin Arvind Oza as Internal Auditor for FY26.
This is a deeply negative filing — the company is loss-making, technically insolvent with negative net worth, and is resorting to capital reduction to clean up its balance sheet. Shareholders face potential dilution of value, and the appointment of an inexperienced CFO at a struggling company adds to governance concerns. Expect negative sentiment on the stock.