In a significant development for Indo National (NSE: NIPPOBATRY, BSE: 504058), the National Company Law Tribunal (NCLT) Chennai Bench has granted a two-week timeline for statutory authorities to submit their reports regarding the proposed merger between Helios Strategic Systems Limited and Indo National Limited.

Merger Proceedings

The NCLT Chennai Bench conducted a hearing on September 17, 2025, concerning the Scheme of Amalgamation between Helios Strategic Systems Limited (the Transferor Company) and Indo National Limited (the Transferee Company). This amalgamation scheme is being processed under Sections 230-232 of the Companies Act, 2013.

Statutory Reports

During the hearing, the tribunal instructed key statutory authorities to submit their reports within a two-week timeframe. These authorities include:

• Regional Director
• Registrar of Companies
• Official Liquidator
• Income Tax Department

These reports are expected to present any representations or objections regarding the approval of the merger scheme.

Next Steps

The NCLT has scheduled the next hearing for October 29, 2025, where these reports will likely be reviewed and considered as part of the merger approval process.

Company Statement

Indo National Limited, in its regulatory filing, stated, "In furtherance to our intimations with respect to the Scheme of Amalgamation, we wish to inform you that the Hon'ble National Company Law Tribunal, Chennai Bench ('NCLT') heard the above matter on September 17, 2025 and granted two weeks' time line to the Statutory authorities [...] to submit their respective reports for representation or objections with regard to the approval of the aforementioned Scheme."

This merger, if approved, could potentially have significant implications for both companies and their shareholders. Investors and stakeholders of Indo National Limited are advised to keep a close watch on further developments in this matter.

Note: This article is based on the latest available information and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.

Indo National , known for its Nippo brand, has announced a significant change in its top management. S. Muthar Basha, the company's Chief Operating Officer (COO), has tendered his resignation, citing personal reasons.

Resignation Details

Basha's last working day is scheduled for March 14, 2024. However, the company retains the option to determine an earlier cessation date if deemed necessary. This flexibility allows Indo National to manage the transition process according to its operational needs.

COO's Departure

In his resignation email, S. Muthar Basha expressed his decision to move on from the company. Despite his departure, Basha extended his best wishes to the Nippo brand, particularly noting its upcoming 50th-year milestone. This gesture suggests an amicable separation and Basha's continued goodwill towards the company.

Impact on Indo National

The resignation of a key executive like the COO can have significant implications for a company's operations and strategic direction. Indo National will likely need to initiate a search for a suitable replacement to ensure a smooth transition and maintain operational efficiency.

Looking Ahead

As Indo National navigates this change in leadership, stakeholders will be keen to observe how the company manages the transition period. The approaching 50th anniversary of the Nippo brand, as mentioned by the departing COO, could serve as a rallying point for the company to reaffirm its market position and strategic goals in the coming years.

The company has not yet announced any details regarding the succession plan or the search for a new COO. Shareholders and industry observers will likely be watching closely for further updates on how Indo National plans to fill this crucial leadership role.