Having waited over six years for an expectedly positive decisions for restructuring of its 100% EOU PCB manufacturing unit as, of July 2010, the company was most unfortunately and finally forced to finally abandon the business as the assets had degenerated beyond repair and had also become technologically obsolete, awaiting governmental approvals.
This emergent situation had effectively put a complete halt to the Companys relentless pursuit of its business plans and interests in terms of manufacturing of PCBs, for the lucrative and growing domestic market at that time, as also the interests of all its stake holders.
The company has paid all liabilities to its secured creditors and had emerged strongly as a zero debt company with only some unsecured debt outstanding to promoters, which the promoters have from time to time been re- investing in the company.
The company Management has taken all these information and trends into consideration in devising its future course. While maintaining the central focus of the stakeholders interests. The management believes that the future plans being so considered factoring the above inputs would lead to substantial growth of the Company and its stakeholders net worth looking forward.
The company plans to announce its revised business plan and strategy in the near future.
DECLARATION UNDER PARA D OF SCHEDULE V OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS), REGULATION S, 2015 CHAIRMAN & MANAGING DIRECTOR DECLARATION.
I. Saurabh Goyal , Managing Director of Integrated Technologies Limited, certify based on annual disclosures received that all Board members and senior management personnel have abided by the code of Conduct for Directors & Senior Management laid down by the Company.
| -sd/- |
| SAURABH GOYAL |
| (Managing Diretor) |
| DIN: 01094455 |
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