Indo-National Limited has informed the Exchange about Acquisition
NIPPOBATRY · price
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Indo-National Limited (Nippo) has approved acquiring 51% of Aidin Technologies Private Limited through subscription to compulsorily convertible preference shares in two tranches. Tranche 1 will give ~31.82% stake for Rs. 35 crore by June 2026, and Tranche 2 will complete the acquisition to 51% for an additional Rs. 43 crore within 12 months. Total consideration is approximately Rs. 78 crore in cash. Aidin Technologies, incorporated in 2008, operates in defence electronics including electronic warfare, anti-drone solutions, and satellite technology. Its turnover grew sharply from Rs. 15.8 crore (FY23) to Rs. 74.3 crore (FY25). The acquisition marks Indo-National's entry into the defence and aerospace sector (B2B/B2G), complementing its existing consumer business (B2C), targeting the ~Rs. 25,000 crore defence electronics market growing at 12-14% CAGR.
This acquisition gives Indo-National a new growth engine in the high-margin defence electronics segment, diversifying beyond consumer batteries. It signals strategic diversification that could boost revenue and profitability, though near-term impact depends on integration and order flow from defence sector.