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Integrated Hitech Ltd.

BSE: 532303 Sector: IT
NSE: N.A. ISIN Code: INE934A01012
BSE 00:00 | 02 Mar Integrated Hitech Ltd
NSE 05:30 | 01 Jan Integrated Hitech Ltd
OPEN 3.80
52-Week high
52-Week low
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 3.60
Sell Qty 300.00
OPEN 3.80
CLOSE 3.71
52-Week high
52-Week low
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 3.60
Sell Qty 300.00

Integrated Hitech Ltd. (INTEGHITECH) - Director Report

Company director report


Dear Members

Your Directors have great pleasure in presenting the TWENTY FORTH ANNUAL REPORTof the Company with the audited accounts for the year ended 31st March 2017.


31/03/2017 31/03/2016
Income from operations 28.13 16.79
Other income 0.91 0.91
Profit before Tax 7.91 0.31
Profit after Tax 7.91 0.31
Balance carried to Balance-Sheet 7.91 0.31


The Reserves and Surplus stands at Rs. 86.87 lakhs as on 31/03/2017 as against Rs.78.96lakhs as on 31/03/2016


Due to inadequacy of profits the Board has considered expedient not to recommend anydividend for the year ended 31st March 2017.


The Company has not accepted any deposit from the public.


In accordance with the provisions of The Companies Act 1956 and the Company's Articlesof Association Mr. J.Rajendhiran is due to retire by rotation and is eligible forreappointment.

Notice has been received u/s 257 of the Companies Act proposing his name forappointment as Director. DIRECTORS' RESPONSIBILITY STATEMENT;

Pursuant to the requirement under Section 217(2AA) of The Companies Act 1956 withrespect to Directors' responsibility Statement it is hereby confirmed:

(i) That in the preparation of the accounts for the financial year ended 31stMarch 2017 the applicable accounting standards have been followed.

(ii) .That the Directors have selected such accounting policies and applied themconsistently and made judgments and estimates that were reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year 2016-2017 and of the profit or loss of the company for the year underreview;

(iii) That the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities; That the Directors have prepared the accounts for the financial yearended 31st March 2017 on a ‘going concern' basis.

(iv) WOMAN DIRECTOR - Your company has appointed Ms.R.A.Eswari woman director who hasgood experience in management of corporates.


Your company is happy to announce that the company is in the process of finalizingSoftware contracts in GST & Health Care.


Your Company is involved in the development of various software and services forefiling of Corporate Statutory Tax Returns and developing the existing software's. Thecompany is proposing to develop e-redressal system for GST and e- record system for Healthcare.


M/S A.John Moris & Co.Chartered Accountants Chennai the Auditor of the Companyholds office until the conclusion of the ensuing Annual General Meeting. The Company hasreceived confirmation from them that their appointment if made would be within theprescribed limits under Section 224(1B) of the Companies Act 1956. Accordingly it isproposed to appoint M/s A. John Moris & Co. as Auditor of the Company at the ensuingAnnual General Meeting to hold office till the conclusion of the next Annual GeneralMeeting


The shares of the company are listed on the Mumbai Stock Exchanges and currently undersuspension management is taking all the efforts to invoke suspension and to continue tradeduly this year . The annual listing fee has been duly paid..


The Security and Exchange Board of India (SEBI) has mandated the delivery of shares ofyour company under the compulsory dematerialized form with effect from 28thAugust 2000. Your company has entered into an agreement with the Central DepositoryServices and National Securities Depository Limited for dematerialization of yourCompany's Securities in accordance with the provisions of Depository Regulation. With thisthe members have the option /discretion to hold their demat shares in the company throughthe National Securities Depository Limited or the Central Depository Services (India)Limited.


Your directors are happy to report that your company has fully complied with the SEBIGuidelines on Corporate Governance which have been incorporated as per the ListingAgreement with the Stock Exchanges.

A detailed report on Corporate Governance forms Annexure -A to this report. TheStatutory Auditors of the Company have examined the Company's compliance as above and havecertified the same as required under the SEBI guidelines.. The certificate is reproducedas Annexure-B to this report.


Your Company is in development and service of various tax compliance software such ase-filing of Income Tax Returns Software for individuals and corporate bodies and ande-filing of Tax Deducted at Source (e-TDS) software for corporate.

The company is in the process of developing an e-GST Platform and an e-record systemfor Health care.


The Company has no activity relating to conservation of energy or technologyabsorption.


Particulars of Employees pursuant to Section 217(2A) of the Companies Act 1956.Mr.A.Gerald Ebenezer Managing Director was in receipt of a remuneration of Rs.60.000/-for the year 2016-17.


The Directors wish to place on record their appreciation of the dedicated and untiringhard work put by the employees at all levels. The Directors would like to thank the BanksConsultants Auditors and above all the shareholders and valued customers for theircontinued support and patronage.

For and on behalf of the Board
Place: Chennai A. Gerald Ebenezer
Date: 04/09/2017 Managing Director.