Please find enclosed
Awaiting price reaction for this filing.
Inditalia Refcon Ltd held its 39th AGM on September 30, 2025, at 12:30 PM through physical means. The meeting was initially adjourned until 1:30 PM due to insufficient quorum, after which it proceeded with just 31 members present. Four resolutions were passed by show of hands: adoption of audited financial statements for FY ended March 31, 2025, reappointment of Statutory Auditors (Shah Kailash & Associates) for five years (FY2025-26 to FY2029-30), reappointment of Secretarial Auditors (Nisha & Associates) for five years, and re-appointment of Mr. Navin Sheth as Director. The Statutory Auditors' Report was clean with no qualifications, but the Secretarial Audit Report contained adverse remarks which were addressed in the Board Report. Shareholders also raised concerns about a BSE delisting notice, with management confirming the final delisting order is still awaited.
Shareholders should note the pending BSE delisting notice as a significant overhang on the stock, alongside adverse remarks in the Secretarial Audit Report. The very low quorum (31 members) indicates weak shareholder engagement, which is typical for a small-cap, thinly-traded company facing potential delisting.