We submit Annual Report for the financial year 2024-25 as required under Regulation 34(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
Awaiting price reaction for this filing.
Integra Switchgear Ltd filed its 33rd Annual Report for FY 2024-25 on BSE under SEBI LODR Regulation 34(1)(a). The company reported a turnaround with sales and other income rising to ₹12.89 lakhs from ₹5.19 lakhs in FY24, and profit after tax of ₹1.51 lakhs versus a loss of ₹21.57 lakhs in the previous year. No dividend was declared. A major event was the change in control — Singapore-based Northvale Capital Partners Pte Ltd acquired a 68.60% stake via the open offer process, leading to new directors being appointed on December 31, 2024 and prior promoter-group directors stepping down. The 33rd AGM is scheduled for September 26, 2025 via video conferencing. The company also signed an agreement to acquire 100% of Bimal Switchgear Private Limited in January 2025, which is still under process. Statutory auditors (M/s. D.C. Parikh & Co.) issued a clean report with no qualifications or adverse remarks.
The ownership change to Northvale Capital Partners brings new strategic direction and possible future capital infusion, which is a significant positive for long-term shareholders. The swing back to profitability from a loss year is a positive early signal, though the absolute earnings remain very small (₹1.51 lakhs), so the stock is likely to be driven more by the takeover and the pending Bimal Switchgear acquisition than by current earnings.