Reappointment of Secretarial auditors and Director retire by rotation
Awaiting price reaction for this filing.
Inditalia Refcon Ltd's Board, at its meeting on September 8, 2025, approved several AGM-related items including the Board's Report for FY 2024-25 and the notice for the 39th AGM scheduled for September 30, 2025. The Board recommended re-appointment of Mr. Navin Sheth (DIN: 02501231) as Director, who retires by rotation — he is also the CFO and is 79 years old, requiring the reappointment to be passed as a Special Resolution. M/s. CS Nisha & Associates were re-appointed as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), and M/s. Shah Kailash & Associates LLP were re-appointed as Statutory Auditors for a similar five-year term. Importantly, the company continues to have no manufacturing or trading activity, reporting a cash loss of Rs. 6.78 lakh for FY 2024-25, and the BSE's earlier compulsory delisting notice (June 2023) remains pending with no final order received.
The announced items are largely routine AGM housekeeping — no new business catalyst or material change in operations. Shareholders should note the company's ongoing operational dormancy, continued losses, and the unresolved BSE delisting process, which remain the key overhangs on the stock.