Innovative Tyres & Tubes Limited — Board Meeting, 26-07-2025: Outcome of Board Meeting

Innovative Tyres & Tubes (ITTL) has announced a board meeting where it approved the financial results for the quarter and year ended March 31, 2025. The company reported a Net Loss of ₹16.02 Cr on a Turnover of ₹47.15 Cr. Auditors issued a qualified opinion, citing issues like unappropriated customer advances (₹0.49 Cr), GST input tax credit differences (₹0.29 Cr), unconfirmed debtor/creditor balances, and unrealized export sales (₹0.69 Cr). Additionally, Mr. Robin Chawla's designation was changed to Non-Executive Non-Independent Director, and statutory auditors M/s Haribhakti & Co. LLP resigned due to strategic relocation and fee viability issues.