GOCL Corporation has officially confirmed that its Board of Directors will convene on December 15, 2025, to consider and approve the Scheme of Merger by Absorption of Hinduja National Power Corporation Limited (HNPCL) into GOCL Corporation Limited. The company has formally notified both BSE and NSE about this significant corporate development through an official communication dated December 10, 2025.

Board Meeting and Regulatory Framework

The scheduled board meeting will evaluate the merger scheme under Sections 230 to 232 of the Companies Act, 2013, along with other relevant provisions of the Companies Act and SEBI Regulations. This formal announcement represents a crucial step in the merger process between the two entities, with GOCL Corporation serving as the surviving entity in this absorption merger.

Trading Window Closure Implementation

In compliance with SEBI regulations, GOCL Corporation has implemented a trading window closure for designated persons and their immediate relatives. The trading restriction became effective from December 10, 2025, and will remain in place until 48 hours after the board meeting outcome becomes generally available information and is disseminated on the stock exchanges.

Corporate Structure and Documentation

The official notification was signed by A. Satyanarayana, Company Secretary of GOCL Corporation, and sent to both major stock exchanges through their respective platforms - BSE Listing Center and NEAPS for NSE. The company operates from its registered office at Urja Heights, Hyderabad, and maintains its corporate identification number as L24292TG1961PLC000876.

Strategic Corporate Development

This merger proposal represents a significant strategic initiative for GOCL Corporation in the chemicals sector. The formal board meeting scheduling indicates that the company has progressed beyond preliminary discussions and is now ready to make definitive decisions regarding the absorption of HNPCL. The merger structure suggests GOCL Corporation will be the surviving entity, potentially expanding its operational capabilities and market presence through this strategic consolidation.

Apollo Micro Systems Limited has made a significant move in the defence sector by completing the acquisition of IDL Explosives Limited through its subsidiary, Apollo Defence Industries Private Limited. This strategic acquisition marks a pivotal moment for the Apollo Group, enhancing its capabilities in the defence explosives sector.

Key Highlights of the Acquisition

• Full Ownership: Apollo Defence Industries has acquired 100% of IDL Explosives Limited from GOCL Corporation .
• Strategic Expansion: The acquisition adds crucial capabilities in defence-grade explosives, propellants, and warhead systems to Apollo's existing expertise in weapon system electronics.
• Corporate Structure: IDL Explosives is now a step-down subsidiary of Apollo Micro Systems Limited.

Impact on Apollo's Defence Portfolio

The acquisition significantly broadens Apollo Micro Systems' offerings in the defence sector. By integrating IDL Explosives' specialized products with its existing electronic systems, Apollo is positioned to provide more comprehensive solutions in the defence market.

IDL Explosives' Assets and Capabilities

According to the LODR data from GOCL Corporation:

• Manufacturing Facilities: IDL Explosives operates manufacturing units in Rourkela and several other locations.
• Future Plans: Apollo Defence Industries intends to expand and strengthen the business, aligning with its strategic plans in the rapidly growing Defence Sector.

Strategic Implications

This acquisition aligns with the broader trend of consolidation and specialization in the Indian defence industry. It reflects Apollo Micro Systems' commitment to strengthening its position in the defence sector, particularly in areas requiring high-tech expertise and specialized manufacturing capabilities.

GOCL's Strategic Exit

The sale of IDL Explosives marks a significant shift for GOCL Corporation:

• It completes the Hinduja Group's strategic exit from the explosives and detonators business portfolio.
• GOCL plans to evolve into an energy company, aligning with its long-term growth aspirations.
• The company continues to hold substantial landbank and real estate assets across the country.

Conclusion

The acquisition of IDL Explosives by Apollo Micro Systems represents a strategic move to consolidate and expand its presence in the defence sector. By combining Apollo's electronic warfare expertise with IDL's explosives and propellants capabilities, the company is well-positioned to offer more comprehensive solutions to the defence industry. This move is likely to enhance Apollo's competitiveness in the growing Indian defence market and potentially open up new opportunities for innovation and growth in the sector.