Indo National Limited , a leading consumer goods company specializing in dry-cell batteries and electrical accessories, has reported strong financial results for the first quarter. The company saw significant growth in profitability and made key strategic investments during the period.

Financial Highlights

For Q1, Indo National's standalone profit before tax (PBT) rose by 60% year-on-year to Rs 1.74 crore. The company's revenue from operations increased by 6.97% to Rs 119.44 crore, compared to Rs 111.66 crore in the same quarter last year.

Key financial metrics for Q1 (standalone):

Management Commentary

Commenting on the company's performance, Mr. Aditya Reddy, Joint Managing Director, said, "We are pleased to report a strong performance in Q1 with standalone revenue higher by 6.97% year-on-year, driven by improved rural consumption, expansion into alternate channels like Online & Institutional business, and innovation-led growth."

He added, "Our focus on household penetration with the Zinc Carbon range and premiumization with accelerated Alkaline battery push has witnessed robust growth in the Battery category. We are enhancing our Go-To-Market strategy by improving electrical channels, in-store visibility, sales productivity, and field force effectiveness."

Strategic Investments and Operational Highlights

During the quarter, Indo National made two significant investments:

1. Acquired a 32.87% stake in Medcuore Medical Solutions Private Limited for Rs 353.69 lakhs.
2. Invested Rs 850 lakhs in Compulsorily Convertible Preference Shares (CCPS) of Axial Aero Private Limited.

These investments align with the company's strategy to diversify its portfolio and explore new growth opportunities.

Board Approvals and Management Changes

The Board of Directors has approved several key management changes:

1. Reappointment of P. Dwaraknath Reddy as Managing Director for five years, from October 1, 2025, to September 30, 2030, subject to shareholder approval.
2. Reappointment of Aditya Reddy as Joint Managing Director for the same period, also subject to shareholder approval.
3. Appointment of BLN Prasad as Additional Non-executive Non-independent Director.

Corporate Governance and Compliance

Indo National has also taken steps to enhance its corporate governance practices. The company has approved alterations to its Articles of Association regarding director retirement by rotation, pending shareholder approval. This change aims to align the company's practices with section 152(6)(a) of the Companies Act, 2013.

Future Outlook

Mr. Reddy expressed optimism about the company's future, stating, "We are building a robust innovative product pipeline that can leverage our current core competencies like distribution network and building a diversified Nippo brand that sees relevance in every household. We continue to build capability at all levels and functions to foster a high-performance culture across the organization."

Indo National Limited continues to focus on innovation, market expansion, and operational efficiency. The company's strategic investments and management changes are expected to drive growth and create value for shareholders in the coming quarters.

The National Company Law Tribunal (NCLT) Chennai has scheduled a crucial hearing for September 17, 2025, regarding the proposed amalgamation between Helios Strategic Systems Limited and Indo National . This development marks a significant step forward in the merger process for these two companies.

Key Developments

• Petition Admission: The NCLT passed an order on August 1, 2025, admitting the company scheme petition (CP(CAA)/48/(CHE)2025) for hearing.

• Regulatory Notifications: The tribunal has directed notices to be sent to various regulatory authorities, including:

  • Central Government
  • Reserve Bank of India (RBI)
  • Securities and Exchange Board of India (SEBI)
  • Bombay Stock Exchange (BSE)
  • National Stock Exchange (NSE)
  • Income Tax authorities

These authorities have been given 30 days to file their representations regarding the proposed merger.

Shareholder and Creditor Approval

According to the Chairman's report dated June 23, 2025, both shareholders and creditors have already approved the proposed scheme of amalgamation. This approval is a crucial step in the merger process, demonstrating support from key stakeholders.

Public Notification

The NCLT has mandated the publication of notices in two prominent newspapers:

• Business Standard (All India Edition)
• Makkal Kural (Tamil Nadu Edition)

This step ensures wider public awareness of the ongoing merger proceedings.

Company's Official Communication

Indo National Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has officially informed the stock exchanges about the NCLT order and the scheduled hearing date. The company's intimation, dated August 6, 2025, provides transparency to investors and the market about the ongoing corporate action.

Background

The merger scheme involves the amalgamation of Helios Strategic Systems Limited (the Transferor Company) with Indo National Limited (the Transferee Company). This corporate restructuring is being carried out in accordance with Sections 230-232 and other applicable provisions of the Companies Act, 2013.

As the September 17, 2025 hearing approaches, all eyes will be on the NCLT Chennai for their decision on this significant corporate merger. Stakeholders and market observers will be keenly watching for any developments that could impact the future of both companies involved in this amalgamation process.