డైరెక్టర్ల నివేదిక Integrated Thermoplastic Ltd.

Mar 31, 2025

The Directors are pleased to present 31^st Annual report and the Audited Financial Statement for
the year ended 31^st March 2025 together with the Auditor''s Report thereon.

1. FINANCIAL SUMMARY: _

Particulars	2024-25 Amount (in Rs)	2023-24 Amount (in Rs)
Total Income	6,54,97,921	3,68,29,086
Total Expenditure	12,46,89,238	13,55,29,546
Depreciation and Amortization	46,11,918	48,46,897
Profit before tax and exceptional items	(5,91,91,317)	(9,87,00,460)
Exceptional income	--	--
Profit after exceptional items before tax	(5,91,91,317)	(9,87,00,460 )
T axes (benefit)	(14,04,086)	(16,40,499)
Profit after tax	(6,05,95,403)	(10,03,40,959)
Other Comprehensive Income/(Loss)	--	--
Net Profit	(6,05,95,403)	(10,03,40,959)
Earnings per share(Basic)	(9.64)	(15.96)

2. COMPANY''S PERFORMANCE:

The revenue during the financial year 2024-25 was T6,54,97,921 against the previous
year''s revenue of T3,68,29,086, an increase by 77.84%. However, the Company continued
to incur loss during the current financial year as well and the Loss after tax attributable to
shareholders and non- controlling interests during the financial year 2024-2025 is
T(6,05,95,403) as against the previous financial year T(10,03,40,958).

3. DIVIDEND:

As the company incurred loss during the Financial Year 2024-25, your Board of directors
has not recommended any dividend.

4. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP):

As per the provisions of section 152 of the Companies Act, 2013, Mrs. Aravinda Rani
Sannapureddy, who retires by rotation at the ensuing Annual General Meeting and being
eligible offers herself for re-appointment. The board recommends her re- appointment.

During the year, Ms. Neha Aggarwal has been appointed as the Company Secretary and
KMP w.e.f October 11, 2024.

The Board also places on record that none of the Directors of the Company have been
debarred or disqualified by the Securities and Exchange Board of India (SEBI), the
Ministry of Corporate Affairs (MCA), or any other Statutory Authority from being
appointed or continuing as Directors.

The Board affirms that ensuring compliance with applicable laws, including maintenance of
an active DIN status and adherence to tenure requirements, is an ongoing responsibility,
and appropriate steps are being initiated to address the above observations.

5. BOARD MEETINGS:

Six (06) meetings of the Board of Directors were held during the financial year i.e. 30^th
May 2024, 12^th August 2024, 10^th September 2024, 10^th October 2024, 14^th November
2024 and 30^th January 2025.

Sr. No.	Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1.	Ms. Aravinda Rani Sannapureddy	01241976	Non Executive Promoter Director	6	6
2.	Mr. Angitapalli Sreenivasulu Reddy	02956004	Non Executive Independent Director	6	6
3.	Mr. Venkata Lakshmi Reddy Sajjala	07966611	Non Executive Independent Director	6	6
4.	Ms. Tulasi Sajjala	07966633	Non Executive Independent Director	6	6
5.	Ms. Aruna Sajjala	07976311	Non Executive Independent Director	6	6

OTHER COMMITTEE MEETINGS :

1. AUDIT COMMITTEE: During the year under review, the Audit Committee met four
times on 29th May 2024, 12th August 2024, 13th November 2024, and 29th lanuarv
2025.

Sr. No.	Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1.	Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	4	4
2.	Ms. Tulasi Sajjala	07966633	Member	4	4

3.

Mr. Venkata Lakshmi Reddy Sajjala

07966611

Member

4

4

2. NOMINATION AND REMUNERATION COMMITTEE: During the year under review the
committee met once in a year on 12^th August, 2024.

Sr. No.	Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1.	Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	1	1
2.	Ms. Tulasi Sajjala	07966633	Member	1	1
3.	Mr. Venkata Lakshmi Reddy Sajjala	07966611	Member	1	1

3. STAKEHOLDERS RELATIONSHIP COMMITTEE: During the year under review the
committee has met once in a year on 12^th August, 2024.

Sr. No.	Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1.	Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	1	1
2.	Ms. Tulasi Sajjala	07966633	Member	1	1
3.	Mr. Venkata Lakshmi Reddy Sajjala	07966611	Member	1	1

4. In accordance with the provisions of Schedule IV to the Companies Act, 2013 and SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate meeting of
the Independent Directors of the Company was held on 12th August, 2024, without the
presence of Non-Independent Directors and members of the management.

During the meeting, the Independent Directors, inter-alia, reviewed the performance of Non¬
Independent Directors and the Board as a whole, assessed the quality, quantity and timeliness
of flow of information between the management and the Board, and discussed other matters
as prescribed under the applicable provisions.

6. MANAGEMENT DISCUSSION AND ANALYSIS:

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("the Listing Regulations”), the Management''s
discussion and analysis is set out as Annexure I forming part of this Annual Report.

7. COMPLIANCE OF SECRETARIAL STANDARDS:

During the period under review, the company has not complied with the applicable
secretarial standards, notified under section 118 (10) of the Companies Act, 2013.

8. CONTENTS OF ANNUAL RETURN:

Pursuant to section 92(1) of the Companies Act, 2013 (''the Act'') and Rule 12 of the
Companies (Management and Administration) Rules, 2014.The copy of annual return is
available at www.integratedthermo.com

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, the company has not granted any loans or given any
guarantees or made any investments covered under the provisions of section 186 of the
Companies Act, 2013.

10. RELATED PARTY TRANSACTIONS:

There were no materially significant transactions with related parties during the
financial year which were in conflict with the interest of the Company. Suitable
disclosure as required by the Accounting Standards has been made in the notes to the
financial statements.

11. CORPORATE SOCIAL RESPONSIBILITY:

In terms of section 135 of the Companies Act, 2013, every company having net
worth of rupees five hundred crore or more, or turnover of rupees one thousand
crore or more or a net profit of rupees five crore or more during the immediately
preceding financial year shall constitute a Corporate Social Responsibility (CSR)
Policy. Since the company does not fall under the said criteria during the
immediately preceding financial year, the provisions of section 135 of the
Companies Act, 2013, Schedule VII and the rules made there under are not
applicable to the company. Accordingly, a report on CSR activities as per rule 9 of
the Companies (Corporate Social Responsibility) Rules, 2014 is not applicable.

12. CONSERVATION OF ENERGY. TECHNOLOGY. ABSORPTION ANDFOREIGN EXCHANGE
EARNINGS AND OUT GO:

Details of Energy Conservation, Research& Development, Technology Absorption,

Foreign Exchange Earnings and Outgo as required as per section 134(3)(m) of the
Companies Act 2013, are given in Annexure - II to the Directors'' Report.

13. PARTICULARS OF EMPLOYEES:

The company has not employed any individual whose remuneration exceeds the
limits prescribed under the provisions of section197of the Companies Act, 2013,
read with Rule 5(2) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014.

14. AUDITORS

• STATUTORY AUDITORS

M/s. Grandhy & Co. Chartered Accountants were appointed for a period of 5 years from
the financial period year 01-04-2022 till 31-03-2027. Independent Auditor''s Report on
Quarterly and Year to Date Financial results of Integrated Thermoplastics Limited.
pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The Auditor''s Report for the financial year ended
31st March, 2025, has been issued with Qualified Opinion, The Statutory Auditors have
observed that :

*Qualified Opinion 1. Amounts receivables and payables to various parties are subject to
confirmation and reconciliation. Pending such confirmations and reconciliations, we were
unable to obtain sufficient and appropriate audit evidence in respect of the carrying
amounts of debtors and creditors at 31.3.2025. Due to which, we were unable to
determine whether any adjustments might have been found necessary in respect of said
balances.

Management Response: As pointed out by the Statutory Auditors, the company has not
obtained confirmation of balances of Advances, Deposits, Unsecured Loans, other
liabilities, Trade Receivables, Trade Payables and advance against Suppliers. The
Company has made best of its efforts to obtain the same before signing the accounts for
current financial year as well as for last financial year. Further, the management of the
company confirms that balances shown in the books are true and correct as per their
knowledge.

*Qualified Opinion 2: The Company has not appointed the Internal Auditor as required
by Section 138 of the Companies Act 2013. The audit is not carried out and audit reports
were not available. However, it is clarified by the management that internal auditor will
be appointed in FY2024-25.

Management Response 2: The Company acknowledges the requirement under Section
138 of the Companies Act, 2013, regarding the appointment of an Internal Auditor. Due to
internal constraints, the appointment of the Internal Auditor was not made during the
reporting period, and consequently, no internal audit was conducted, nor were audit
reports available for FY 2024-25.

However, management would like to clarify that the process of identifying and shortlisting
eligible and suitable candidates for the role of Internal Auditor is currently underway. The

Company is committed to ensuring compliance and will appoint a qualified Internal
Auditor during the financial year 2025-2026.

• With respect to other Key Audit Matters, it is clarified that the observations
reported by the Statutory Auditors are self-explanatory

.INTERNAL AUDITORS:

Pursuant to section 138 of the Companies Act, 2013, the company is required to
appoint Internal Auditors of the company, However, as explained above, the
company has not appointed the Internal Auditors of the company for the Financial
Year 2024-25. However, management would like to clarify that the process of
identifying and shortlisting eligible and suitable candidates for the role of Internal
Auditor is currently underway. The Company is committed to ensuring compliance and
will appoint a qualified Internal Auditor during the financial year 2025-2026.

• SECRETARIAL AUDITOR:

The Secretarial Audit Report, pursuant to the provisions of Section 204 read with
Section 134(3) of the Companies Act, 2013, issued by Mr. Uday Chandra
Yemmanuru, Practicing Company Secretary, in Form MR-3 for the financial year
2024-25 is annexed to the Board''s Report as Annexure-III.

The secretarial auditors'' report is forming the part of this report and the
qualifications/observations/remarks provided in the said Report are self¬
explanatory.

Further, the Board in its meeting held on 4th day of September, 2025, has
recommended the appointment of CS Uday Chandra Yemmanuru, Practicing
Company Secretary, in Hyderabad (M.No.F11747 and CP No._25338 ) as the
Secretarial Auditor of the Company for a period of five (5) consecutive financial
years commencing from FY 2025-26 to FY 2029-30, subject to approval of the
Shareholders at the ensuing Annual General Meeting of the Company.

15. DETAILS OF FRAUDS REPORTED BYAUDITORS U/S.143:

The auditors have not reported any frauds pursuant to section 143 (12) of the
Companies Act, 2013. Hence, the information to be provided pursuant to section
134 (3) (ca) of the Companies Act, 2013, may be treated as NIL.

16. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has an Internal Control System commensurate with the size, scale and
complexity of its operations. The scope and authority of the Internal Audit function
is defined in the Internal Audit Charter. To maintain its objectivity and

Independence, the Internal Audit function reports to the Chairman of the Audit
Committee of the Board.

17. CORPORATE GOVERNANCE:

During the year under review, the provisions of Corporate Governance under
Listing Regulations are not applicable to the Company.

18. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

Pursuant to section 134 (3) (d) of the Companies Act, 2013, a statement shall be
made on declaration given by Independent Directors under section 149 (6) of the
Companies Act, 2013 in the Board report. The Board has received Declarations
from the Independent Directors, as required under section 149 (7) of the
Companies Act, 2013 stating the fulfillment of criteria mentioned in the Section
149(6) of the Companies Act, 2013.

19. NOMINATION AND REMUNERATION POLICY CRITERIA FOR SELECTION AND
REMUNERATION OF DIRECTORS. KMP AND EMPLOYEES

The Nomination and Remuneration Committee of the Board, comprises of three
Independent Non-Executive Directors namely Mr. Angitapalli Sreenivasulu Reddy,
Mr. Venkata Lakshmi Reddy Sajjala and Ms. Tulasi Sajjala.

The key features of the Nomination and Remuneration Policy as framed by the
Nomination and Remuneration Committee of the company are set out below:

• Selection criteria for Directors:

The company shall consider the following aspects while appointing a person as a
Director on the Board of the company:

• Skills and Experience:

The candidate shall have appropriate skills and experience in one or more fields of
finance, law, management, sales, marketing, administration, public administrative
services, research, corporate governance, technical operations or any other
discipline related to the company''s business.

• Age Limit:

The candidate should have completed the age of twenty-one (21) years and
should not have attained the age of seventy (70) years for appointment as
Managing Director or Whole Time Director.

• Conflict of Interest: The candidate should not hold Directorship in any
competitor company, and should not have any conflict of interest with the
company.

• Directorship: The number of companies in which the candidate holds
Directorship should not exceed the number prescribed under the Act.

• Independence: The candidate proposed to be appointed as Independent Director,
should not have any direct or indirect material pecuniary relationship with the
company and must satisfy the requirements imposed under the Act.

The policy provides that while appointing a Director to the Board, due
consideration will be given to approvals of the Board and/or shareholders of the
company in accordance with the Act.

20. REMUNERATION FOR DIRECTORS. KMP AND OTHER EMPLOYEES

The policy provides that the remuneration to Directors, KMP and other employees
shall be based on the following key principles:

• Pay for performance: Remuneration of Executive Directors, KMP and other
employees is a balance between fixed and incentive pay reflecting short and long
term performance objectives appropriate to the working of the company and its
goal. The remuneration of Non-Executive Directors shall be decided by the Board
based on the profits of the company and industry bench marks.

• Balanced rewards to create sustainable value: The level and composition of
remuneration is reasonable and sufficient to attract, retain and motivate the
Directors and employees of the company and encourage behavior that is aligned
to sustainable value creation.

• Competitive compensation: Total target compensation and benefits are
comparable to peer companies in the industry and commensurate to the
qualifications and experience of the concerned individual.

• Business Ethics: Strong governance processes and stringent risk management
policies are adhered to, in order to safeguard our stake holders'' interest.

• The Nomination and Remuneration Policy may be accessed on the Company''s
website at the link:www.integratedthermo.com

21. TRANSFER TO RESERVES

During the financial year under review, no amount has been transferred to the
general reserves.

22. MATERIAL CHANGES AND COMMITMENTS OCCURRED BETWEEN THE END OF THE
FINANCIAL YEAR AND THE DATE OF THE REPORT AFFECTING THE FINANCIAL
POSITION OF THE COMPANY:

There have been no material changes and commitments affecting the financial
position of the Company which have occurred between the end of the financial
year and the date of this report. The Company continues to operate in the
ordinary course of business.

23. LISTING COMPLIANCE WITH REGULATORY REQUIREMENTS:

During the period following the end of the financial year and up to the date of this
report, the Company has taken various steps to address past non-compliances and
to move toward full compliance with the applicable provisions of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("Listing
Regulations”).

During FY2024-25, the Company submitted a waiver application to BSE Limited
for the waiver of SOP fines levied for non-compliance of certain provisions of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(erstwhile SEBI Circulars dated January 22, 2020, May 03, 2018; November 30,
2015 and September 30, 2013) and seek the revocation of the Delisting Order
issued by BSE Limited. Based on the Company''s application, BSE has approved the
partial waiver of the SOP fines and revoked the suspension of the trading of the
Shares of the Company and the proposed Delisting Order on payment of SOP fines.

The Company has made a payment of ^83,40,085 towards SOP fines/penalties
imposed by the BSE Limited (BSE).

Accordingly, BSE vide its Notice No. 20250310-3 dated March 10, 2025 revoked
the suspension in trading of equity shares of the Company w.e.f. March 18, 2025.

The Company remains committed to maintaining strict compliance with all
applicable regulatory requirements and continues to work proactively with the
stock exchange and regulatory authorities.

24. DETAILS OF DEPOSITS UNDER CHAPTER V:

The company has not any accepted deposits from the members/public falling with
in the meaning of section 73 and/or section76 of the Companies Act, 2013 and the
Companies (Acceptance of Deposits) Rule, 2014.

Accordingly, furnishing of the details of deposits which are not in compliance with
the requirements of Chapter V of the Companies Act, 2013 does not arise.

25. MAINTENANCE OF COST RECORDS:

The requirement of maintenance of cost records as specified by the Central
Government under sub-section (1) of section 148 of the Companies Act, 2013 is
not applicable to the Company. Accordingly, the Company has not maintained
such accounts and records for the financial year under review.

26. FORMAL ANNUAL EVALUATION MADE BY THE BOARD OF ITS OWN

PERFORMANCE AND OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Keeping in view the various provisions of the Companies Act, 2013 and SEBI
(LODR) Regulations, 2015, dealing with powers, duties and functions of the Board
of the company, your company has adopted criteria for evaluating the
performance of its Board, Committees and other said criteria contemplates
evaluation of Directors including Independent Directors applicable from the
financial year 2024-25. The said criteria contemplates evaluation of Directors
based on their performance as directors apart from their specific role as
independent, non-executive and executive directors as mentioned below:

a) Executive Directors, being evaluated as Directors as mentioned above, will also be
evaluated on the basis of targets / Criteria given to Executive Directors by the
Board from time to time as well as per their terms of appointment.

b) Independent Directors, being evaluated as a Director, will also be evaluated on
meeting their obligations connected with their independence criteria as well as
adherence with the requirements of Professional conduct, roles, functions and
duties specifically applicable to Independent Directors as contained in Schedule IV
to the Companies Act, 2013.

c) The criteria also specifies that the Board would evaluate each Committees
performance based on the mandate on which the committee has been constituted
and the contributions made by each member of the said committee in effective
discharge of the responsibilities of the said committee. The Board of Directors of
your company has made annual evaluation of its performance, its committees and
directors for the financial year 2024-2 5 based on afore stated criteria.

27. DISCLOSURES:

• Audit Committee:

The Audit Committee has been duly constituted in compliance with the provisions
of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015 and comprises of
following members :

1. Mr. Angitapalli Sreenivasulu Reddy, Non-Executive Independent Director -
Chairman

2. Mr. Venkata Lakshmi Reddy Sajjala, Non-Executive Independent Director -
Member

3. Ms. Tulasi Sajjala, Non-Executive Independent Director - Member. All the
recommendations made by the Audit Committee were accepted by the board.

• Stakeholders Relationship Committee:

The Stakeholders Relationship Committee has been duly constituted in
compliance with the provisions of the Companies Act, 2013 and SEBI (LODR)

Regulations, 2015 and comprises of following members :

1. Mr. Angitapalli Sreenivasulu Reddy, Non-Executive Independent Director -
Chairman

2. Mr. Venkata Lakshmi Reddy Sajjala, Non-Executive Independent Director -
Member.

3. Ms. Tulasi Sajjala, Non-Executive Independent Director - Member. The
Committee is primarily entrusted with the responsibility of considering and
resolving the grievances of security holders of the Company and to ensure
effective redressal of their concerns.

• Vigil Mechanism:

The Vigil Mechanism of the company, which also in corporate a whistle blower
policy in terms of SEBI (LODR) Regulations, 2015, includes vigilance and Ethics
officer, senior executive of the company. Protected disclosures can be made by a
whistle blower through an e-mail, or dedicated telephone line or a letter to the
officer or to the Chairman of the Audit Committee. The Policy on vigil mechanism
and whistle blower policy may be accessed on the Company''s web site at the link:
http://www.integratedthermo.com.

28. DETAILS PERTAINING TO REMUNERATION:

REMUNERATION AS REQUIRED UNDER SECTION 197(12) OF THE
COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES
(APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES,
2014:

> The percentage increase in remuneration of each Director and Chief Financial
Officer during the financial year 2024-25 and ratio of the remuneration of each
Director to the median remuneration of the employees of the company for the
financial year 2024-25 are as under:

Sr. No.	Name & Director/KMP an d Designation	Remuneration of Director/KMP for Financial Year 2024-25	% Increase in Remuneration in the Financial Year 2024-25	Ratio of Remuneration of each Director/to Median remuneration of employees
1	Mr. Angitapalli Sreenivasulu Reddy Non-Executive Independent (Director)	Nil	Not Applicable	Not Applicable
2	Mr. Venkata Lakshmi Reddy Sajjala (Non- Executive Independent Director	Nil	Not Applicable	Not Applicable

3	Mrs. Tulasi Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable
4	Mrs. Aravinda Rani Sannapureddy (Non¬ Executive Promoter Director)	Nil	Not Applicable	Not Applicable
5	Mr. Vydana Venkata Rao (Chief Financial Officer)	Nil	Not Applicable	Not Applicable
6	Mrs. Aruna Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable

As the company is not paying any remuneration to the directors/KMPs, the
median remuneration of employees of the company is not relevance for
comparison.

29. GENERAL:

Your Directors state that no disclosure or reporting is required in respect of the
following items as there were no transactions on these items during the financial
year under review:

a) Details relating to deposits covered under Chapter V of the Act.

b) Issue of equity shares with differential rights as to dividend, voting or
otherwise.

c) Issue of Employee stock option Scheme.

d) Issue of shares (including sweat equity shares) to employees of the company
under any scheme.

e) Neither the Whole Time Director nor the Directors of the company receive any
remuneration or commission from any of its subsidiaries.

f) No significant or material orders were passed by the Regulators or Courts or
Tribunals which impact the going concern status and company''s operations in
future.

Your Directors further state that during the financial year under review, there were no
cases filed pursuant to the Sexual Harassment of Women at Work place (Prevention,
Prohibition and Redressal) Act, 2013.

30. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of section 134(3) (c) of the Companies Act, 2013 the Board
of Directors of your company hereby certifies and confirms that:

a) In the preparation of the Annual Accounts, the applicable accounting standards
have been followed along with proper explanation relating to material

departures;

b) The Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company
at the end of the financial year and of the loss of the company for that year;

c) The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the Assets of the company and for
preventing and detecting fraud and other irregularities;

d) The Directors have prepared the Annual accounts on a going concern basis;

e) The Directors, in the case of listed company, has laid down internal financial
control to be followed by the company and that such internal financial control
or adequate and operating effectively;

f) The Directors had devised proper systems to ensure compliance with the
Provisions of all applicable laws and that such systems were adequate and
operating effectively.

31. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE. 2016 f31 OF 20161 DURING THE YEAR
ALONG WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

During the year under review, Company has not made any application or any
proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of
2016).

32. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT
THE TIME OF ONE-TIME-SETTLEMENT AND THE VALUATION DONE WHILE
TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE
REASONS THEREOF

The requirement to disclose the details of difference between amount of the
valuation done at the time of onetime settlement and the valuation done while
taking loan from the Banks or Financial Institutions along with the reasons
thereof doesn''t arise as the Company has not undertaken any One -time Settlement
with its banks or financial institutions.

33. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION. PROHIBITION AND REDRESSAL) ACT. 201 3:

The Board has not yet established Anti-Sexual Harassment Policy in line with the
requirements of The Sexual Harassment of Women at the Workplace (Prevention,
Prohibition & Redressal) Redressal) Act, 2013. Internal Complaints Committee
(ICC) has to be set up to redress complaints received regarding sexual
harassment.

34. ACKNOWLEDGEMENTS:

Your Directors gratefully acknowledge the support and co-operation extended by
all the shareholders, customers, bankers, mutual funds, share brokers to your
company during the year and look forward to their continued support.

For and on Behalf of Board of Director
Integrated Thermoplastic Limited

Sd/- Sd/-

ARAVINDA SREENIVA SULUREDDY

RANISANNAPUREDDY ANGITAPALLI

^DIRECTOR

DIN: 01241976 ^DIRECl°^R

^01241976 DIN:02956004

PLACE: HYDERABAD
DATE: 04.09.2025

---

Mar 31, 2024

The Directors are pleased to present 30^th Annual report and the Audited Financial Statement
for the year ended 31^st March, 2024 together with the Auditor''s Report thereon.

1. FINANCIAL SUMMARY:

Particulars	2023-24 Amount in Rs	2022-23 Amount in Rs
Total Income	3,68,29,086	7,68,14,907
Total Expenditure	13,55,29,546	17,45,40,610
Depreciation and Amortization	48,46,897	51,88,566
Profit before tax and exceptional items	(9,87,00,459)	(9.77,25,703)
Exceptional income	--	--
Profit after exceptional items before tax	(9,87,00,459)	(9.77,25,703)
Taxes(benefit)	(16,40,499)	(19,98,533)
Profit after tax	(10,03,40,958)	(9,97,24,236)
Other Comprehensive Income / (Loss)	--	--
Net Profit	(10,03,40,958)	(9,97,24,236)
Earnings per share (Basic)	(15.96)	(15.86)

2. COMPANY''S PERFORMANCE:

The revenue for FY 2024 was ?3,68,29,086, Lower by 47.94 percent over the previous year''s
revenue of ?7,68,14,907. The Loss after tax attributable to shareholders and non¬
controlling interests for FY 2024 is ? (10,10,40,662) and for FY 2023 net loss after tax
was ? (9,97,24,236).

3. DIVIDEND:

As the company incurred loss during the financial year 2023-24, your Board of
directors has not recommended any dividend.

4. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP):

As per the provisions of section 152 of the Companies Act, 2013, Mrs. Aravinda Rani
Sannapureddy, who retires by rotation at the ensuing Annual General Meeting and
being eligible offers himself for re-appointment. The board recommends him re¬
appointment.

5. BOARD MEETINGS:

Four (04) meetings of the Board of Directors were held during the financial year and
the details are given in paragraph 2 (d) of Corporate Governance report attached to
this Annual Report.

6. MANAGEMENT DISCUSSION AND ANALYSIS:

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), the

Management''s discussion and analysis is set out as Annexure I forming part of this
Annual Report.

7. COMPLIANCE OF SECRETARIAL STANDARDS:

During the period under review, the company has not complied with all the
applicable secretarial standards, notified under section 118 (10) of the Companies
Act, 2013.

8. CONTENTS OF ANNUAL RETURN:

Pursuant to section 92(1) of the Companies Act, 2013 (''the Act'') and Rule 12 of
the Companies (Management and Administration) Rules, 2014.The copy of
annual return is available at www.integratedthermo.com

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, the company has not granted any loans or
given any guarantees or made any investments covered under the provisions
of section 186 of the Companies Act, 2013.

10. RELATED PARTY TRANSACTIONS:

All transactions entered into with Related Parties as defined under the
Companies Act, 2013 and regulation 23 of SEBI (LODR) Regulations, 2015, during
the financial year were in the ordinary course of business and on an arm''s length
pricing basis. There were no materially significant transactions with related
parties during the financial year which were in conflict with the interest of the
Company. Suitable disclosure as required by the Accounting Standards has been
made in the notes to the financial statements. The details of related party
transactions for the financial year 2023-24 is enclosed as Annexure-II.

11. CORPORATE SOCIAL RESPONSIBILITY:

In terms of section 135 of the Companies Act, 2013, every company having
net worth of rupees five hundred crore or more, or turnover of rupees one
thousand crore or more or a net profit of rupees five crore or more during
the immediately preceding financial year shall constitute a Corporate Social
Responsibility(CSR) Policy. Since, the company does not fall under the said
criteria during the immediately preceding financial year, the provisions of
section 135 of the Companies Act, 2013, Schedule VII and the rules made
thereunder are not applicable to the company.

Accordingly, a report on CSR activities as per rule 9 of the Companies
(Corporate Social Responsibility) Rules, 2014 is not applicable.

12. CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND
FOREIGN EXCHANGE EARNINGS AND OUT GO:

Details of Energy Conservation, Research & Development, Technology
Absorption, Foreign Exchange Earnings and Outgo as required as per section
134(3)(m) of the Companies Act 2013, are given in Annexure - III to the
Directors'' Report.

13. PARTICULARS OF EMPLOYEES:

The company has not employed any individual whose remuneration exceeds
the limits prescribed under the provisions of section 197 of the Companies
Act, 2013, read with Rule 5(2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014.

14. AUDITORS

• STATUTORY AUDITORS:

M/s. Grandhy & Co. Chartered Accountants, were appointed for a period of 5 years
from the financial period year 01-04-2022 till 31-03-2025. Independent Auditor''s
Report on Quarterly and Year to Date Financial results of Integrated Thermoplastics
Limited. pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The Auditor''s Report for the financial year ended
31st March, 2024, has been issued with an unmodified opinion, by the Statutory
Auditors. Further, the Statutory Auditors of the Company have not reported any
fraud as specified under Section 143(12) of the Companies Act, 2013.

• INTERNAL AUDITORS:

Pursuant to section 138 of the Companies Act, 2013, the company is required to
appoint Internal Auditors of the company, However the company has not
appointed the Internal Auditors of the company for the financial year 2023-24.

• SECRETARIAL AUDITOR:

Pursuant to the provisions of section 204 of the Companies Act, 2013 and the
Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, the company is required to appoint Secretarial Auditor to undertake the
Secretarial Audit of the Company, However the company has appointed Putcha
Sarada the Secretarial Auditor for the financial year 2023-24.

15. DETAILS OF FRAUDS REPORTED BY AUDITORS U/S 143:

The auditors have not reported any frauds pursuant to section 143 (12) of the
Companies Act, 2013. Hence, the information to be provided pursuant to
section 134 (3) (ca) of the Companies Act, 2013, may be treated as NIL.

• INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has an Internal Control System commensurate with the size,
scale and complexity of its operations. The scope and authority of the Internal
Audit function is defined in the Internal Audit Charter. To maintain its
objectivity and Independence, the Internal Audit function reports to the
Chairman of the Audit Committee of the Board.

The Internal Auditor monitors and evaluates the efficacy and adequacy of
internal control system in the company, its compliance with operating
systems, accounting procedures and policies of the company. Based on the
report of internal audit function, process owners undertake corrective action
in their respective areas and thereby strengthenthe controls. Significant audit
observations and corrective actions thereon are presented to the Audit
Committee ofthe Board.

CORPORATE GOVERNANCE:

During the year under review, the provisions of Corporate Governance
under Listing Regulations are not applicable to the Company.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

Pursuant to section 134 (3) (d) of the Companies Act, 2013, a statement shall
be made on declaration given by Independent Directors under section 149 (6)
of the Companies Act, 2013 in the Board report.

The Board has received Declarations from the Independent Directors, as
required under section 149 (7) of the Companies Act, 2013 stating the
fulfillment of criteria mentioned in the Section 149(6) of the Companies Act, 2013.

16. NOMINATION AND REMUNERATION POLICY CRITERIA FOR SELECTION
AND REMUNERATION OF DIRECTORS, KMP AND EMPLOYEES

The Nomination and Remuneration Committee of the Board, comprises of three
Independent Non-Executive Directors namely Mr. A. Sreenivasulu Reddy, Mr.
Venkata Lakshmi Reddy Sajjala and Ms. Tulasi Sajjala.

The key features of the Nomination and Remuneration Policy as framed by
the Nomination and Remuneration Committee of the company are set out
below:

• Selection criteria for Directors:

The company shall consider the following aspects while appointing a person
as a Director on the Board of the company:

• Skills and Experience: The candidate shall have appropriate skills and
experience in one or more fields of finance, law, management, sales, marketing,
administration, public administrative services, research, corporate governance,
technical operations or any other discipline related to the company''s
business.

• Age Limit: The candidate should have completed the age of twenty-one (21)
years and should not have attained the age of seventy (70) years for
appointment as Managing Director or Whole Time Director.

• Conflict of Interest: The candidate should not hold Directorship in any
competitor company, and should not have any conflict of interest with the
company.

• Directorship: The number of companies in which the candidate holds
Directorship should not exceed the number prescribed under the Act.

• Independence: The candidate proposed to be appointed as Independent
Director, should not have any direct or indirect material pecuniary
relationship with the company and must satisfy the requirements imposed
under the Act.

The policy provides that while appointing a Director to the Board, due
consideration will be given to approvals ofthe Board and/or shareholders of
the company in accordance with the Act.

17. REMUNERATION FOR DIRECTORS, KMP AND OTHER EMPLOYEES

The policy provides that the remuneration to Directors, KMP and other
employees shall be based on the followingkey principles:

• Pay for performance: Remuneration of Executive Directors, KMP and other
employees is a balance between fixed and incentive pay reflecting short and
long term performance objectives appropriate to the working of the company
and its goal. The remuneration of Non-Executive Directors shall be decidedby
the Board based on the profits of the company and industry benchmarks.

• Balanced rewards to create sustainable value: The level and composition of
remuneration is reasonable and sufficient to attract, retain and motivate the
Directors and employees of the company and encourage behavior that is
aligned to sustainable value creation.

• Competitive compensation: Total target compensation and benefits are
comparable to peer companies in the industry and commensurate to the
qualifications and experience of the concerned individual.

• Business Ethics: Strong governance processes and stringent risk management
policies are adhered to, inorder to safeguard our stakeholders'' interest.

• The Nomination and Remuneration Policy may be accessed on the
Company''s website at the link: www.integratedthermo.com

18. TRANSFER TO RESERVES

During the financial year under review, no amount has been transferred to the
general reserves.

19. MATERIAL CHANGES AND COMMITMENTS OCCURRED BETWEEN THE
END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT
AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

The Company has submitted a waiver application to the Bombay Stock
Exchange (BSE) for the penalties levied. As of the date of this report, the
application is pending action by the BSE. The Company has provided
comprehensive reasoning and supporting documentation to substantiate its
plea for leniency.

The Company has submitted an application to the Bombay Stock Exchange
(BSE) for the relisting of its equity share, accompanied by the requisite
document and information Except this There were material changes from the
end of the financial year till the date of this report, affecting the financial
position of the company.

20. DETAILS OF DEPOSITS UNDER CHAPTER V:

The company has not accepted deposits from the members/public falling
within the meaning of section 73 and/or section 76 of the Companies Act,
2013 and the Companies (Acceptance of Deposits) Rule, 2014. Accordingly,
furnishing of the details of deposits which are not in compliance with the
requirements of Chapter V of the Companies Act, 2013 does not arise.

21. MAINTENANCE OF COST RECORDS:

The requirement of maintenance of cost records as specified by the Central
Government under sub-section (1) of section 148 of the Companies Act, 2013
is not applicable to the Company. Accordingly, the Company has not
maintained such accounts and records for the financial year under review.

22. FORMAL ANNUAL EVALUATION MADE BY THE BOARD OF ITS OWN
PERFORMANCE AND OF ITS COMMITTEES AND INDIVIDUAL
DIRECTORS:

Keeping in view the various provisions of the Companies Act, 2013 and SEBI
(LODR) Regulations, 2015, dealing with powers, duties and functions of the
Board of the company, your company has adopted criteria for evaluating the
performance of its Board, Committees and other said criteria contemplates
evaluation of Directors including Independent Directors applicable from the
financial year 2023-24. The said criteria contemplates evaluation of Directors
based on their performance as directors apart from their specific role as
independent, non-executive and executive directors as mentioned below:

a) Executive Directors, being evaluated as Directors as mentioned above, will
also be evaluated on the basis of targets / Criteria given to Executive

Directors by the Board from time to time as well as per their terms
of appointment.

b) Independent Directors, being evaluated as a Director, will also be
evaluated on meeting their obligations connected with their independence
criteria as well as adherence with the requirements of Professional conduct,
roles, functions and duties specifically applicable to Independent Directors
as contained in Schedule IV to theCompanies Act, 2013.

c) The criteria also specifies that the Board would evaluate each Committees
performance based on the mandate on which the committee has been
constituted and the contributions made by each member of the said
committee in effective discharge of the responsibilities of the said
committee. The Board of Directors of your company has made annual
evaluation of its performance, its committees and directors for the
financial year 2023-24 based on afore stated criteria.

23. DISCLOSURES:

• Enquiry Committee:

The Enquiry Committee comprises three members namely Mr. A. Sreenivasulu
Reddy (Chairman & Independent Director), Mr. Venkata Lakshmi Reddy
Sajjala (Independent Director) and Mrs. Aravinda Rani Sannapureddy (Non¬
Independent Director)

• Audit Committee:

The Audit Committee comprises of three members namely, Mr. A.
Sreenivasulu Reddy (Non- Executive Independent Director), Mr. Venkata
Lakshmi Reddy Sajjala (Non-Executive Independent Director) and Ms. Tulasi
Sajjala (Non-Executive Independent Director). All the recommendations
made by the Audit Committee were accepted by the board

• Vigil Mechanism:

The Vigil Mechanism of the company, which also incorporates a whistle
blower policy in terms of SEBI (LODR) Regulations, 2015, includes vigilance
and Ethics officer, senior executive of the company. Protected disclosures can
be made by a whistle blower through an e-mail, or dedicated telephone line
or a letter to the officer or to the Chairman of the Audit Committee. The
Policy on vigil mechanism and whistle blower policymay be accessed on the
Company''s website at the link: http://www.integratedthermo.com.

24. DETAILS PERTAINING TO REMUNE

• RATION AS REQUIRED UNDER SECTION 197(12) OF THE
COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES
(APPOINTMENT AND REMUNERATION OF MANAGERIAL

PERSONNEL) RULES, 2014:

> The percentage increase in remuneration of each Director and Chief
Financial Officer during the financial year 2023-24 and ratio of the
remuneration of each Director to the median remuneration of the
employeesof the company for the financial year 2023-24 are as under:

Sr. No.	Name & Director / KMP and Designation	Remuneration of Director/KMP for FinancialYear 2023-24	% Increase in Remuneration in the Financial Year 2023-24	Ratio of Remuneration of each Director/to Median remuneration of employees
1	Mr. A. Sreenivasulu Reddy Non-Executive Independent (Director)	Nil	Not Applicable	Not Applicable
2	Mr. Venkata Lakshmi Reddy Sajjala	Nil	Not Applicable	Not Applicable
	(Non- Executive Independent Director
3	Mrs. Tulasi Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable
4	Mrs. Aravinda Rani Sannapureddy (Non- Executive Director)	Nil	Not Applicable	Not Applicable
5	Mr. Vydana Venkata Rao (Chief Financial Officer)	Nil	Not Applicable	Not Applicable
6	Mrs. Aruna Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable

As the company is not paying any remuneration to the directors/KMPs, the
median remuneration of employees of the company is not relevance for
comparison.

25. GENERAL:

Your Directors state that no disclosure or reporting is required in respect of the
following items as there were notransactions on these items during the financial
year under review:

a) Details relating to deposits covered under Chapter V of the Act.

b) Issue of equity shares with differential rights as to dividend, voting or
otherwise.

c) Issue of Employee stock option Scheme.

d) Issue of shares (including sweat equity shares) to employees of the
company under any scheme.

e) Neither the Whole Time Director nor the Directors of the company receive any
remuneration or commission from any of its subsidiaries.

f) No significant or material orders were passed by the Regulators or Courts
or Tribunals which impact the going concern status and company''s
operations in future.

Your Directors further state that during the financial year under review, there
were no cases filed pursuant to the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.

26. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of section 134(3) (c) of the Companies Act, 2013 the
Board of Directors of yourcompany hereby certifies and confirms that:

a) In the preparation of the Annual Accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures;

b) The Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
company at the end of the financial year and of the loss of the company
for that year;

c) The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the Assets of the company and for
preventing and detecting fraud and other irregularities;

d) The Directors have prepared the Annual accounts on a going concern basis;

e) The Directors, in the case of listed company, has laid down internal
financial control to be followed by the company and that such internal
financial control or adequate and operating effectively;

f) The Directors had devised proper systems to ensure compliance with the

provisions of all applicable laws and that such systems were adequate
and operating effectively.

27. ACKNOWLEDGEMENTS:

Your Directors gratefully acknowledge the support and co-operation extended
by all the shareholders, customers, bankers, mutual funds, share brokers to
your company during the year and look forward to their continued support.
For and on Behalf of Board of Director
Integrated thermoplastic Limited

Sd/-

VENKATA LAKSHMI REDDY SAJJALA

DIRECTOR

DIN: 07966611

Sd/-

SREENIVASULUREDDY ANGITAPALL

DIRECTOR
DIN: 02956004

PLACE : HYDERABAD
DATE : 12.08.2024

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Mar 31, 2014

Dear Members

We hereby present the 20th Annual Report and the Audited Statement of Accounts for the Financial Year ended 31st March, 2014.

1. FINANCIAL RESULTS:

Amount (Rs)

PARTICULARS 31-03-2014 31-03-2013

Revenue from Operations 35,84,30,924.00 68,89,13,958.00

Other Income 17,08,511.00 20,92,724.00

Total Revenue 36,01,39,435.00 69,10,06,682.00

Total Expenses 37,39,77,724.00 68,32,26,828.00

Profit/(Loss) Before Tax (1,38,38,289.00) 77,79,854.00

Less: Current Tax - 37,49,686.00

Add: Deferred Tax 44,258.00 4,23,702.00

Add: Transfer from Reserve - -

Net Profit/(loss) (1,38,82,547.00) 36,06,466.00

2) REVIEW OF OPERATIONS

Due to power cuts and loss of man hours on the state bifurcation issue in the financial year 2013-14, your Company revenue has come down from Rs. 68.89 cores to Rs. 35.84 crores which has resulted a net loss of Rs. 1,38,82,547.00

3) FUTURE OUTLOOK

With the recovery of economy and stable government in place, your Company would do better in the current financial year and the future will be good.

4) DIRECTORS

Appointment of Mrs. Aravinda Rani Vemuri (DIN: 01241976) as a Director

Pursuant to Section 152 of the Companies Act, 2013, the Board, in a view to expand the Board and to comply with the provisions of new Companies Act, 2013, recommends the appointment of Mrs Aravinda Rani Vemuri as the Director of the Company in the ensuing Annual General Meeting, liable to retire by rotation.

Appointment of Mr. Shaik Chand Basha (DIN: 01242030) and Mr. Sreenivasulu Reddy Angitapalli (DIN: 02956004) as Independent Directors

Pursuant to Section 149 of Companies Act, 2013, Mr. Shaik Chand Basha (DIN: 01242030) and Mr. Sreenivasulureddy Angitapalli (DIN: 02956004) will retire in the ensuing Annual General Meeting and being eligible seeks re-appointment. The Board of Directors recommends their re appointment. Sub-section (10) of Section 149 of the Companies Act, 2013, provides that independent directors shall hold office for a term of 5 consecutive years on the Board of the Company, and shall be eligible for re-appointment of the said term only by passing a Special Resolution by the shareholders of the Company.

Sri. S.P.Y. Redddy and Sri. T. Ravi Kumar Reddy ceased to be directors of the company with effect from 01.04.2014 & 01.09.2014 respectively. Dr. V. Chanddra Shkara Reddy resigned as Managing Director of the Company with effect from 14.08.2014

5) DIRECTORS'' RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them your Directors make the following statement in terms of Section 217 (2AA) of the Companies Act, 1956:

I. In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any.

II. Appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, 2014 and of the loss of the company for the year ended on that date.

III. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

IV. The annual accounts have been prepared on a going concern basis.

6) CORPORATE GOVERNANCE

(a) Management Discussion and Analysis Report is enclosed.

(b) As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance Practices followed by the Company together with a certificate from the Company''s Auditor confirming compliance is set out in the Annexure forming part of this report.

7) FIXED DEPOSITS

The Company has not invited and raised any fixed deposits as on 31st March, 2014 in terms of the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 as amended from time to time. There are no outstanding or unclaimed deposits as on 31st March, 2014.

8) PARTICULARS OF EMPLOYEES:

During the year under review, no employee of the company was in receipt of remuneration for the whole year which in the aggregate was Rs 60,00,000/- or more per annum nor was any employee in receipt of remuneration Rs. 5,00,000/- or more per month for any part of the year in accordance with the provisions of Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975 as amended.

During the year under review, industrial relations of the company continued to be cordial and peaceful.

9) PARTICULARS REGARDING ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Details of Energy Conservation, Research & Development, Technology Absorption, Foreign Exchange Earnings and Outgo as required under section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, are given in Annexure "A" to the Directors Report.

10) AUDITORS:

M/s L.B. Reddy & Co., Chartered Accountants, Hyderabad, the present statutory auditors of the Company hold office in accordance with the provisions of the Companies Act, 1956, up to the conclusion of the ensuing annual general meeting and are eligible for re-appointment. A written consent letter and certificate under section 139(1) of the Companies Act, 2013 have been received from them. The Board of directors recommends their re-appointment for a period three years.

11) LISTING AT STOCK EXCHANGES:

The Equity Shares of the company are listed on Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001. Listing fees to the Bombay Stock Exchange Limited has been paid up-to-date.

12) ACKNOWLEDGEMENTS:

Your directors wish to place on record their sincere gratitude to the Government of India, State Government, Bankers, Distributors, Dealers, Suppliers, Customers and employees and workers of the Company for their whole hearted co-operation extended to the Company during the year.

//By Order of the Board// for Integrated Thermoplastics Limited

Sd/- Sd/- SURESH KUMAR SHAHSTRY VEMURI DR. V. CHANDRASEKHARA REDDY WHOLE TIME DIRECTOR DIRECTOR

Place: Hyderabad. Date : 01.09.2014

---

Mar 31, 2010

We hereby present the 16th Annual Report and the Audited Statement of Accounts for the Financial Year ended 31st March, 2010.

I.FINANCIAL RESULTS: (Rs. in Lakhs)

PARTICULARS 31-03-2010 31-03-2009

Turnover 9829.55 6633.97

Other Income 1.57 12.23

Closing Stock of Finished Goods 211.80 135.35

Total 10042.92 6781.55

Total Expenditure 9869.07 6709.02

Profit/(Loss) Before Tax 173.85 72.53

Less: Provision for Taxation 40.3 89.44

Net Profit/(loss) 133.47 63.09

Transfer from Reserve & Deferred Tax 7.19 1.28

Add: Balance b/f from previous year (442.08) (506.45)

Loss carried forward to Balance sheet (301.42) (442.08)

2. REVIEW OF OPERATIONS

Your Companys turnover recorded a growth of around 48% as compared to the previous year and the performance of the Company for the year ended 31.03.2010 has resulted in a net profit of Rs.133.47 lakhs which is higher than previous years net profit of Rs.63.09 lakhs.

Despite the marketing being very competitive, your company is able to sell the products at a best and competitive price.

3. SICKNESS OF THE COMPANY

Your Company has become sick as pointed out by the Statutory Auditors of the Company in the earlier years. The Application made by the Company to the BIFR during the year 1999-2000 was rejected.

4. FUTURE OUTLOOK

The Board expects that the Company would maintain the same level of operations in future also.

5. DIRECTORS

In accordance with the requirement of the Companies Act, 1956 Sri.S.Chand Basha and Sri.S.P.Y.Reddy, Directors, retire by rotation at the ensuing meeting. As their services are useful to the company the Board recommends their reappointment.

Mr.Kakarla Rami Reddy and Mr.T.Ravi Kumar Reddy who were appointed by the Board as Additional Directors w.e.f 31.07.2010 will hold office up to the date of ensuing Annual General Meeting and they shall be appointed as Directors at the ensuing Annual General Meeting in order to continue them in the office, Board recommends their appointment.

Noting that the term of office of Sri N.Rama Subbaiah as Managing Director comes to an end on 29th September 2010, the Board of Directors at its Meeting held on 31st July 2010 reappointed him for a further period of 5 years from 30.09.2010 at a remuneration of Rs.50,000/- per month. The board recommends his reappointment for approval of the members.

6. DIRECTORS RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them your directors make the following statement in terms of Section 217 (2AA) of the Companies Act, 1956:

(i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any.

(ii) Appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, 2010 and of the Profit of the company for the year ended on that date.

(iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

(iv) The annual accounts have been prepared on a going concern basis.

7. COPORATE GOVERNANCE

(a) Management Discussion and Analysis Report is enclosed.

(b) As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance Practices followed by the Company together with a certificate from the Companys Auditor confirming compliance is set out in the Annexure forming part of this report.

8. FIXED DEPOSITS

The Company has not invited and raised any fixed deposits as on 31st March, 2010 in terms of the provisions of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 as amended from time to time. There are no outstanding or unclaimed deposits as on 31s1 March, 2010.

9. PARTICULARS OF EMPLOYEES:

During the year under review, no employee of the company was in receipt of remuneration for the whole year which in the aggregate was Rs. 24,00,000/- or more per annum nor was any employee in receipt of remuneration Rs.2,00,000/- or more per month for any part of the year in accordance with the provisions of Section 217(2A) of the Companies Act,1956, read with the Companies (Particulars of Employees) Rules, 1975 as amended.

During the year under review, industrial relations of the company continued to be cordial and peaceful.

10. PARTICULARS REGARDING ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Details of Energy Conservation, Research & Development, Technology Absorption, Foreign Exchange Earnings and Outgo as required under section 217(1)(e) of the Companies Act,, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, are given in Annexure "A" to the Directors Report.

11. AUDITORS

M/s. M T R & Associates, Chartered Accountants, Hyderabad, the retiring Auditors have expressed their inability to continue as Auditors of the Company for the year 2010-2011 and have submitted their resignation. To fill the vacancy, your Directors have approached M/s. L.B.REDDY & Co., Chartered Accountants, Hyderabad for being appointed as the Statutory Auditors. Since M/s. L.B.REDDY & Co., have agreed to do so, accordingly it is proposed to appoint them as the auditors of the company.

12. LISTING AT STOCK EXCHANGES

The Equity Shares of the company are listed on Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001. However at present the trading of equity shares is under suspension. Efforts are being made to get the trading activity restored

Listing fees has been paid up to date to the Bombay Stock Exchange Limited.

13. ACKNOWLEDGEMENTS:

Your directors wish to place on record their sincere gratitude to the Government of India, Government of Andhra Pradesh, Bankers, Shareholders, Dealers, Suppliers, Customers and employees and workers of the Company for their whole hearted co-operation extended to the Company during the year under review.

//By Order of the Board//

for Integrated Thermoplastics Limited

Place: Hyderabad Sd/- S.P.Y REDDY Date: 31.07.2010 CHAIRMAN