Inditalia Refcon Limited reported a loss of ₹1.75 lakh for the quarter ended June 30, 2026, reversing the profit of ₹28.91 lakh recorded in the preceding quarter. The company generated zero revenue from operations during the period, marking a continuation of its operational pause as it prepares to restart business activities.

The loss widened year-on-year from ₹10.08 lakh in Q1FY25. Total expenses for the quarter stood at ₹1.75 lakh, driven primarily by other expenses of ₹1.29 lakh and employee benefits of ₹0.46 lakh. The preceding quarter’s profit was largely attributable to exceptional items, which were absent in the current period.

Operational Strategy and Governance

The Board of Directors approved the unaudited financial results on August 14, 2026. The accounts have been prepared on a 'Going Concern' basis, supported by fund infusion through loans from directors.

Key strategic developments include:

• Appointment of M/s. Purva Share Registry as the new Registrar and Transfer Agent (RTA) to facilitate full dematerialization.
• Clearance of all arrears owed to depository participants (CDSL & NSDL), paving the way for investors to hold shares in demat form.
• Plans to approach the Bombay Stock Exchange (BSE) for the revocation of trading suspension to resume listing.

Management intends to initiate business operations by leasing reefer containers, with a long-term goal of starting manufacturing once a market foothold is established.

What the Numbers Show

The financial data reveals a complete absence of core business activity. With revenue from operations at ₹0.00 lakh for the current quarter, the preceding quarter, and the corresponding period last year, the company is currently non-operational. The shift from a profit of ₹28.91 lakh in Q4FY26 to a loss of ₹1.75 lakh in Q1FY26 is entirely due to the absence of exceptional items that boosted the previous quarter's bottom line, rather than any change in operational cash flows, which remain nil.

Corporate Actions

The Board also addressed an administrative rectification regarding Mr. Navin Sheth’s designation. His role was inadvertently listed as “Whole-time Director” in Form DIR-12 filings; it has been corrected to “Non-Executive Director.” Mr. Sheth continues to serve as Non-Executive Director and Chief Financial Officer, with no change to his tenure or responsibilities.

Inditalia Refcon Limited has announced that its Board of Directors will meet on Friday, May 29, 2026, to discuss the company's financial performance for the fiscal year ending March 31, 2026. The meeting is scheduled to commence at 2:30 PM at the Corporate Office of the company.

Agenda for the Meeting

The primary focus of the board meeting will be to consider and approve the audited financial results of the company for the quarter and financial year ended March 31, 2026. Upon approval, the board intends to authorize the filing of these results with the Stock Exchange(s).

In addition to the financial results, the board will take on record the Annual Secretarial Compliance Report (ASCR) issued by a Practising Company Secretary for the year ended March 31, 2026. The filing of this report with the Stock Exchange(s) will also be authorized during the meeting.

Other Business

The agenda includes a provision to consider and transact any other business matter with the permission of the Chair. This allows the board to address any unforeseen but relevant issues that may arise during the proceedings.

The meeting notice was signed by Sujata Mittal, Managing Director of Inditalia Refcon Limited, on May 25, 2026.