Integrated Thermoplastics Ltd — Results, 29-05-2025: Result

Integrated Thermoplastics Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a net loss of Rs. 6.06 crore during the year, with accumulated losses eroding its net worth. It has defaulted on repayment of a long-term loan taken from Andhra Pradesh State Financial Corporation, which is classified as a non-performing asset. The company’s internal financial controls show significant deficiencies, including lack of internal audit, inadequate credit evaluations, and absence of segregation of duties. Statutory dues including GST and income tax are pending, with disputes ongoing. While management confirmed no fraud or major irregularities, uncertainties remain over the company’s ability to continue as a going concern.