Indo National Limited has announced the retirement of its Chief Financial Officer, Mr. C R Sivaramakrishnan, effective from the close of business hours on December 31, 2025. The company formally communicated this key management change to both the National Stock Exchange of India Limited and BSE Limited in compliance with regulatory requirements.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Indo National Limited fulfilled its obligation to inform stock exchanges about significant changes in key managerial personnel, ensuring transparency for investors and stakeholders.

The company provided detailed information as required under the SEBI listing regulations, including the specific disclosure requirements outlined in Schedule III - Para A of Part A. This comprehensive reporting demonstrates the company's commitment to maintaining proper corporate governance standards.

Key Details of the Transition

The retirement details are summarized in the following table:

Company's Acknowledgment

Indo National Limited has formally recorded its appreciation for the valuable contributions rendered by Mr. C R Sivaramakrishnan during his tenure as Chief Financial Officer. The company's acknowledgment reflects the significant role he played in the organization's financial management and strategic operations.

The transition announcement was signed by J. Srinivasan, Company Secretary, and has been made available on the company's official website at www.nippo.in for public access and transparency.

Corporate Information

Indo National Limited operates with its corporate office located at Pottipati Plaza, 3rd Floor, 77, Nungambakkam High Road, Chennai – 600034. The company's registered office is situated at No. 609, Mount Road, Lakshmi Bhawan IVth Floor, Chennai- 600006, with CIN No: L31909TN1972PLC006196.

Indo National has made significant progress in its proposed merger with Helios Strategic Systems Limited, as the National Company Law Tribunal (NCLT) Chennai Bench advances the hearing process with positive developments.

Merger Proceedings Update

The NCLT Chennai Bench conducted a hearing on December 10, 2025, regarding 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.

Official Liquidator's Acceptance

During the proceedings, the Official Liquidator recorded the acceptance of the memo submitted in respect of the reports filed by the Company and confirmed that there are no objections to the proposed amalgamation. This represents a crucial milestone in the merger approval process, as the Official Liquidator's acceptance removes a significant regulatory hurdle.

Next Steps in Approval Process

The NCLT has directed that the petition be listed for further consideration and hearing on January 13, 2026. This scheduling indicates the tribunal's systematic approach to reviewing the merger documentation and ensuring all regulatory requirements are met.

Regulatory Compliance

Indo National Limited has maintained transparency throughout the process, filing regular updates with BSE Limited and National Stock Exchange of India Limited. The company's regulatory filing confirms the positive outcome of the December 10 hearing and the Official Liquidator's acceptance of the submitted reports.

This merger development represents significant progress for both companies and their stakeholders. The Official Liquidator's acceptance and the scheduled progression to the next hearing phase demonstrate the merger's alignment with regulatory requirements and legal frameworks.