Indo-National Limited has informed the Exchange regarding 'Update on hearing conducted by Hon'ble NCLT, Chennai Bench on January 13 2026 on scheme of Amalgamation'.
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Indo-National Limited informed the stock exchanges that the NCLT Chennai Bench conducted the final hearing on January 13, 2026 for the proposed Scheme of Amalgamation of Helios Strategic Systems Limited (Transferor Company) into Indo-National Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. During the hearing, the Official Liquidator, Regional Director, and the Income Tax Department all submitted that they had no objection to the scheme. The Tribunal has taken the submissions on record and reserved the matter for pronouncement of its order. The final outcome is awaited and will be shared with the exchanges once received.
This is a procedural update — the merger is progressing smoothly with no objections from key statutory authorities, which is a positive sign, but the actual NCLT order is still pending. Shareholders should wait for the order pronouncement to know the final outcome and any impact on shareholding or company structure.