ALPHA TRIBE

Integrated Hitech LtdUpdates, 29-04-2025: Company Update

29-04-2025 | 10:58 pm

Integrated Hitech Limited's Board has approved key measures, including an impairment of ₹63.07 lakh on an investment in its U.S. subsidiary, reflecting management's decision to account for losses. The company seeks to reduce capital by up to ₹10 crore due to ongoing business losses tied to obsolete software investments. Mr. Rabindra Kumar Samal is appointed as Secretarial Auditor for five years, while Mr. Nitin Arvind Oza will serve as Internal Auditor for the financial year 2025-26. Additionally, Ms. Shantwana Adhikari has resigned as CFO, and Miss Iranee Tripathi has been appointed in her place. The company reported a loss of ₹302.80 lakh for the fiscal year ended March 31, 2025.

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