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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Integrated Hitech Ltd

Integrated Hitech Q2 FY26: Loss Rs. 17.37 Lakhs, auditor refuses consolidated report

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 17 Apr 2026, 09:50 PM IST  ·  BSE ID: ede8fc69-2b2d-4ea0-b319-5eb4d9278a5f
View Original BSE Filing (PDF)
💡
In Simple Terms
The company lost Rs. 17.37 Lakhs this quarter and shut down two foreign offices. Its auditor won't approve consolidated financial statements, and the company is asking BSE for an exemption.
🤖 AI Summary
  • Q2 FY26 unaudited loss Rs. 17.37 Lakhs; six-month loss Rs. 10.52 Lakhs
  • Auditor declined consolidated limited review report citing accounting standard restrictions
  • Board closed two loss-making subsidiaries: Singapore and America operations effective Q2
  • Q2 revenue Rs. 0.62 Lakhs; employee expenses Rs. 4.01 Lakhs dominate costs
  • Company filed BSE waiver application 30 Dec 2025 for consolidated reporting exemption
🔢 Key Numbers - exact figures from BSE filing, not rounded
Q2 FY26 Loss (Unaudited Consolidated)
Rs. 17.37 Lakhs
Six-Month FY26 Loss (Unaudited Consolidated)
Rs. 10.52 Lakhs
Negative Equity (Consolidated)
Rs. 1,060.55 Lakhs
Q2 Revenue from Operations
Rs. 0.62 Lakhs
Q2 Employee Benefit Expense
Rs. 4.01 Lakhs
Equity Share Capital
Rs. 1,000.46 Lakhs
🏢 How This Affects the Company
📈
Business Impact
Revenue remains immaterial at Rs. 0.62 Lakhs in Q2. Closure of both subsidiaries confirms cessation of international operations and focus on domestic software services.
💰
Financial Impact
Negative equity position deepens: Rs. 1,060.55 Lakhs negative as of 30 Sept 2025 vs Rs. 1,043.18 Lakhs negative at 30 June 2025. Six-month loss Rs. 10.52 Lakhs. Accumulated losses erode shareholder funds.
⚙️
Operational Impact
Subsidiary closures eliminate foreign operational footprint. Employee headcount driven by domestic base; Q2 salary expense Rs. 4.01 Lakhs indicates minimal active workforce.
⚠️
Risk Impact
Auditor refusal to certify consolidated statements creates compliance breach and regulatory friction. Negative equity indicates insolvency risk and potential inability to meet liabilities from assets. Consolidated review denial flags accounting standard application disputes.
👥 What This Means For Shareholders
✅
Action Required
Monitor BSE response to waiver application filed 30 Dec 2025 and next quarter results for sustained compliance and operational viability signals.
👤
Who Is Affected
All equity shareholders; negative networth of Rs. 1,060.55 Lakhs erodes book value per share. Shareholding base of 1,000.46 Lakhs shares carries negative backing.
🔍
Management Signal
Subsidiary closures acknowledge failed international expansion. Auditor dispute and waiver filing reveal compliance gaps and accounting standard application disagreements between management and auditors.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
BSE response to waiver application filed 30 Dec 2025 for consolidated reporting exemption status
Q3 FY26 results — confirm if revenue recovery occurs and loss trajectory stabilizes
Auditor communication update — clarify accounting standard position on subsidiary consolidation and remediation
HIGH RISK Negative equity of Rs. 1,060.55 Lakhs signals insolvency. Auditor refusal to certify consolidated statements indicates disclosure non-compliance. Minimal revenue and persistent losses threaten ongoing operations.
💡 Investor Takeaway
Integrated Hitech reported unaudited Q2 loss of Rs. 17.37 Lakhs with six-month loss Rs. 10.52 Lakhs. Negative equity stands at Rs. 1,060.55 Lakhs. Statutory auditor declined consolidated limited review report citing accounting standards. Both foreign subsidiaries closed. Company seeking BSE waiver from consolidated reporting.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Negative equity of Rs. 1,060.55 Lakhs indicates liabilities exceed total assets by material amount
  • Auditor refusal to issue consolidated limited review report creates disclosure non-compliance and regulatory uncertainty
📅 Company Track Record
Prior filing (17 April 2026) disclosed six-month consolidated loss Rs. 10.52 Lakhs and negative equity Rs. 1,060.55 Lakhs. Current filing confirms Q2 standalone loss and auditor refusal pattern persists. Company incorporated 1993 under CIN L72300TN1993PLC024583; historical software services and consulting focus.

Based on publicly available historical data. For context only.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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