Indo-National Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on Jun 21, 2025
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Indo-National Limited held an NCLT-convened meeting of equity shareholders on June 21, 2025, to approve the Scheme of Amalgamation of Helios Strategic Systems Limited (Transferor Company) with Indo-National Limited (Transferee Company). Out of 75 lakh total shares, about 40.51 lakh shares (54.01%) were polled through remote e-voting, and nearly 100% of votes (40,50,836 shares) were cast in favour of the resolution, with only 58 shares against. Promoter group voted unanimously in favour, and public shareholders also approved the scheme with 99.32% in favour. The Scrutinizer confirmed that the resolution has been duly passed with the requisite majority as required under the Companies Act and SEBI norms.
Shareholders have approved the merger of Helios Strategic Systems into Indo-National, but the scheme still requires final sanction from the NCLT before it becomes effective. If approved, this amalgamation could reshape the company's structure, though the financial impact on shareholders will depend on the swap ratio and post-merger business plans.