Indo-National Limited has informed the Exchange regarding 'Service of Notice to Statutory regulators pursuant of Scheme of Amalgamation'.
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Indo-National Limited has served notices to statutory regulators — including the Regional Director (Southern Region), Registrar of Companies (Chennai), NSE, BSE, Income Tax Department, and Official Liquidator — on August 12, 2025, in compliance with the NCLT Chennai Bench order dated August 01, 2025. This is part of the ongoing Scheme of Amalgamation of Helios Strategic Systems Limited (Transferor) with Indo-National Limited (Transferee) under Sections 230-232 of the Companies Act, 2013. The regulators have been given 30 days to raise any objections or representations before the NCLT.
This is a procedural step in an already-filed amalgamation scheme, signalling that the merger process is moving forward. Shareholders should watch for the next hearing date and any objections raised by regulators within the 30-day window, which could affect the timeline of the scheme.