Indo-National Limited has informed the Exchange about Amalgamation/Merger - Newspaper Advt.
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Indo-National Limited has submitted newspaper clippings published on 17 May 2025 in Business Standard and Makkal Kural, as required under Section 230(3) of the Companies Act, 2013, to inform the public about a proposed Scheme of Amalgamation between Helios Strategic Systems Limited (Transferor) and Indo-National Limited (Transferee). The matter is before the NCLT Chennai Bench (Application No. CA(CAA)/4(CHE)/2025), which has ordered a meeting of equity shareholders of Indo-National on Saturday, 21 June 2025 at 10:00 AM via video conferencing. Shareholders can vote remotely between 18 June (9:00 AM) and 20 June (5:00 PM), with the cut-off date being 14 June 2025. The advertisement also carries Indo-National's audited standalone and consolidated financial results for Q4 and FY25, showing a turnaround — standalone net profit of ₹119.25 crore versus a loss of ₹5.88 crore in FY24, and consolidated net profit of ₹2,199.36 crore versus ₹1,689.37 crore in FY24.
The NCLT-ordered shareholder meeting is a key milestone — shareholders' approval is required before the merger of Helios Strategic Systems into Indo-National can proceed, which could significantly expand the consolidated scale of the combined entity. Investors should watch the 21 June meeting outcome and the e-voting results for direction on the merger's completion timeline.