Hi Hesham,
are you sure it was a light aircraft and not the glider Rotondi R-2 Tobia? It was designed and built in 1958-1962.
I think that designing TWO aircraft projects in the same period was too demanding for a technical institute (although an Italian one B))
BTW, the same Institute is now trying to restore the Tobia:
http://webcommunity.ilvolo.it/il-salvataggio-del-tobia-i-fegi-p236109.html
Temistocle