Integrated Hitech Ltd — Updates, 29-04-2025: Company Update

Integrated Hitech Limited's Board meeting focused on several key decisions, notably the approval of an investment impairment totaling Rs. 63.07 lakh in its subsidiary, Integrated Hitech (America) Corporation, reflecting ongoing losses. The company plans to initiate a capital reduction up to Rs. 10 crore due to cumulative business losses, with the Audit Committee tasked to finalize the capital reduction scheme. Additionally, new appointments were made for the Chief Financial Officer and internal auditor, while the resignation of the previous CFO was also noted. The financial results for the quarter and year ended March 31 reflect significant losses and a continued struggle for profitability.