Inditalia Refcon Ltd Management Discussions.

Till recent past the Company has been in losses due to closure of its project to manufacture Reefer Containers. Due to non payment of listing fees and interest, the Co.s securities have been suspended from trading by the BSE. The Company has sought waiver of overdue Listing Fees including arrears, interest from the BSE and is in negotiations with CDSL/NSDL to waive the arrears fees and interest and expects a positive response from these agencies.

The Company has no capacity to pay these arrears and revocation fees which aggregate to more than Rs.50 lacs.

If the request is approved, the Company shall take steps to Dematerialise the securities and initiate trading on the BSE. Company has already appointed RTA M/s Purva Sharegestry (I) Pvt. Ltd.