Indo-National Limited has informed the Exchange regarding 'receipt of order and fixation of date of hearing by the Honorable National Company Law Tribunal, Special Bench, Court-II, Chennai'.
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Indo-National Limited has informed exchanges that the NCLT (National Company Law Tribunal), Special Bench at Chennai, has admitted the company petition CP(CAA)/48/(CHE)/2025 for hearing. The petition relates to the proposed amalgamation of Helios Strategic Systems Limited (transferor) with Indo-National Limited (transferee) under Sections 230-232 of the Companies Act, 2013. The First Motion was already passed on April 29, 2025, and shareholders and creditors have approved the scheme, as reflected in the Chairman's report dated June 23, 2025. The NCLT has now ordered notice to be sent to statutory authorities (SEBI, BSE, NSE, Income Tax, RBI, etc.) and fixed the next hearing date for September 17, 2025.
This is a routine procedural step in the second phase of the merger approval process. The scheme has already cleared shareholder and creditor voting, and the upcoming NCLT hearing on September 17, 2025 will determine final approval. No immediate impact on share price is expected unless regulators raise objections during the notice period.