Indo National Limited Advances Amalgamation with Helios Strategic Systems Limited
Indo National has formally notified statutory authorities about its planned amalgamation with Helios Strategic Systems Limited, following an NCLT order on August 1. Notices were served to various regulatory bodies on August 12, including the Regional Director, Registrar of Companies, stock exchanges, and the Income Tax Department. The authorities have a 30-day window to submit representations regarding the amalgamation scheme, which is proceeding under Sections 230-232 of the Companies Act, 2013.
12Aug 25
Indo National Reports 60% Profit Growth in Q1, Appoints New Director
Indo National Limited reported strong Q1 results with a 60% year-on-year increase in standalone profit before tax to Rs 1.74 crore. Revenue from operations grew by 6.97% to Rs 119.44 crore. The company made strategic investments, acquiring a 32.87% stake in Medcuore Medical Solutions and investing in Axial Aero Private Limited. Management changes include reappointments of key executives and appointment of a new director. The company is focusing on innovation, market expansion, and operational efficiency to drive future growth.
06Aug 25
NCLT Chennai Sets September 17, 2025 Hearing for Indo National-Helios Strategic Systems Merger
NCLT Chennai has scheduled a hearing on September 17, 2025, for the proposed amalgamation of Helios Strategic Systems Limited and Indo National Limited. The tribunal admitted the company scheme petition on August 1, 2025, and directed notices to regulatory authorities including RBI, SEBI, and stock exchanges. Shareholders and creditors have already approved the merger scheme. Public notices will be published in Business Standard and Makkal Kural. Indo National has officially informed stock exchanges about the NCLT order and hearing date in compliance with SEBI regulations.