Additional investment in Medcuore Medical Solutions Private Limited
NIPPOBATRY · price
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Indo National Ltd (Nippo batteries) has made an additional investment of Rs. 99,87,744 in Medcuore Medical Solutions Private Ltd (MMSPL) by subscribing to 604 equity shares at Rs. 16,536 per share. This acquisition represents an additional 1.68% stake, taking Indo National's total holding in MMSPL to 59.16%. MMSPL is engaged in manufacturing and distributing air monitoring systems and air purifiers, with FY26 turnover of Rs. 1.45 crore (up from Rs. 35.4 lakh in FY25). The investment is for cash and is not a related party transaction. The company aims to facilitate business growth and generate revenue through this expansion.
With Indo National now holding 59.16% of MMSPL, this represents a significant expansion into the air purification/monitoring segment. The substantial increase in turnover (312% year-on-year) suggests strong growth potential in this vertical, which could benefit shareholders if the expansion strategy succeeds.