Indo-National Limited has informed the Exchange about Agreements
NIPPOBATRY · price
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Indo-National Limited's board has approved an additional short-term loan of INR 70 lakhs to Aidin Technologies Private Limited to meet its working capital needs. The total loan outstanding to Aidin now stands at INR 10.70 crore (earlier loan of INR 10 crore from October 2025 plus this new amount). The loan is secured with personal guarantees from Aidin's promoters and a share pledge at 1.87 times the disbursed amount, based on a pre-money valuation of INR 75 crore for Aidin. If Aidin fails to repay within 8 months, the company can initiate insolvency proceedings against the borrower and its founders under IBC. The parties are not related to the promoters, directors, or KMPs of Indo-National.
The additional loan is small in size (INR 70 lakhs) relative to Indo-National's overall scale, but shareholders should note the growing exposure to Aidin Technologies (now INR 10.70 crore), which sits outside the company's core battery business. The deal carries promoter guarantees and share pledge as security, reducing some risk, though the 8-month repayment clause suggests short-term lending.