Indo National Ltd

Standalone results

• Revenue from operations: Rs 11,584.57 Lakhs for quarter ended 30-06-2026.
• Profit before tax: Rs (294.03) Lakhs for the quarter.
• EPS: Rs 3.05 (basic and diluted).

Consolidated results

• Revenue from operations: Rs 11,614.05 Lakhs for quarter ended 30-06-2026.
• Profit before tax: Rs (322.00) Lakhs for the quarter.
• Profit after tax: Rs 201.00 Lakhs for the quarter.
• EPS: Rs 2.85 (basic and diluted).

Shareholder matters

• 53rd AGM scheduled for 28 September 2026; VC/OVAM.
• Record date fixed at 21 September 2026.
• Book closure from 22 September to 28 September 2026.
• EVoting window from 25 September 2026 to 27 September 2026.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved; Limited Review conducted.
• Amalgamation with Helios Strategic Systems Limited approved; effective 2 April 2026; restated FY2025-26.

AGM & corporate actions

• 53rd AGM scheduled for 28 September 2026; via VC/OVM.
• Book closure 22–28 September 2026; record date 21 September 2026.
• E-voting from 25–27 September 2026; entitlement cutoff 21 September 2026.
• Dividend payment, subject to member approval.

Regulatory & compliance

• CCI cartel case: penalty Rs 4,226 Lakhs; stay order in place.
• Rs 422 Lakhs deposited with NCLAT registry; no provision as of 30 June 2026.
• Battery Waste Rules 2022: EPR obligations ongoing; impact not reliably estimable yet.

Meeting Details

• Scheduled board meeting on Friday, 14 August 2026.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Results will be published in newspapers after approval.
• Trading window remains closed from July 1, 2026 until 48 hours after Q1 results declaration.

Target overview

• Target: Aidin Technologies Private Limited, incorporated 02/05/2008, engaged in RF power electronics.
• Industry: Defence, Space and aerospace electronics.
• Presence: India.
• Turnover (FY2024-25): Rs 7,15,126 thousand.
• Incorporation date: 02/05/2008.

Deal terms

• Acquired stake: 31.82% of target's paid-up share capital.
• Form of consideration: cash.
• Aggregate consideration: Rs 34,99,92,034.
• Instruments: 9,920 fully paid Series A CCPS and 12,202 partly paid Series A1 CCPS.
• Tranche 1 completed 29 July 2026; Tranche 2 by 28 July 2027.

Financials and background

• Turnover (last 3 years): FY22-23 Rs 1,57,986k; FY23-24 Rs 2,54,956k; FY24-25 Rs 7,43,123k.
• Brief background: RF power electronics and embedded systems; sectors include electronic warfare, defence comms, satellite tech.
• Products include anti-drone solutions and EW subsystems.

Strategic rationale

• Strategic objective: diversify into defence and aerospace, adding a growth engine beyond INL's B2C focus.

Regulatory and related party

• Related party: not applicable; promoters have no interest.
• Regulatory approvals: not applicable.

Target and deal overview

• Aidin Technologies Private Limited; engaged in RF power electronics, electronic warfare, defence communications, satellite tech in India.
• Turnover FY2024-25: Rs 7,43,123 thousand; 2023-24: Rs 2,54,956; 2022-23: Rs 1,57,986.
• Not a related party; promoters have no interest.
• Industry is defence, space and aerospace electronics.
• Strategic rationale: diversify into defence and aerospace as growth engine outside main B2C business.
• Regulatory approvals required: none.
• Timeline: Tranche 1 completed 29 July 2026; Tranche 2 expected by 28 July 2027.
• Aggregate cash consideration of Rs 34,99,92,034.
• Acquired 31.82% of paid-up share capital.
• Background: Incorporated 02/05/2008; RF power electronics and defence electronics; anti-drone, EW, satellite tech solutions.

Target and rationale

• Target: Medcuore Medical Solutions Private Ltd, India; makes air monitoring systems and purifiers.
• Cash consideration: Rs 7,490,808; aggregate stake now 60.34%.
• Additional 1.18% stake acquired; post-transaction holding 60.34%.

Financials and stake

• FY26 turnover: Rs 1,45,60,000.
• Price per share: Rs 16,536; shares acquired: 453.
• Form of consideration: cash.

Regulatory and related party

• Related party status: not a related party transaction; promoter group has no interest.

Strategic rationale and timeline

• Purpose: facilitate growth and revenue expansion; outside Indo National's main line of business.
• Indicative completion: Up to FY 2027-28.

Target background

• Incorporation: 07/06/2020; engages in air monitoring systems and purifiers.
• Presence: India.
• Turnover history: FY26 Rs 1,45,60,000; FY25 Rs 35,41,484.
• FY24 turnover Rs 47,68,000.

Dematerialisation status

• Dematerialisation requests processed and confirmed to depositories (accepted or rejected).
• Securities dematerialised listed on exchanges where prior securities are listed.
• Physical certificates received for dematerialisation mutilated and cancelled; registered owner updated within 15 days.