Reappointment of Statutory auditors
Awaiting price reaction for this filing.
Inditalia Refcon Ltd's Board, at its meeting on September 8, 2025, approved the reappointment of M/s. Shah Kailash & Associates LLP as Statutory Auditors for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the 39th AGM on September 30, 2025. The Board also approved the reappointment of M/s. CS Nisha & Associates as Secretarial Auditor for the same five-year term and the reappointment of Mr. Navin Sheth as Director (retiring by rotation). The company had no business operations during FY 2024-25 and reported a net loss of Rs. 6.78 lakhs, with no dividend declared. A BSE compulsory delisting notice from June 2023 remains under status quo.
This is a routine compliance filing with no material impact on shareholders. The reappointment of existing auditors for another 5-year term suggests continuity. However, investors should note the ongoing BSE delisting proceedings and the company's continued lack of operations and losses.