News

Indo-National Limited informed the National Stock Exchange of India Limited and BSE Limited that its board of directors approved the execution of a Memorandum of Agreement with Radiohms Agencies, RAL Consumer Products Limited, and Rajendra Prasad Khaitan. The agreement records the cessation of Radiohms Agencies and RAL Consumer Products Limited as authorized wholesale distributors for Bihar, West Bengal, and North-Eastern States in India, effective September 26, 2024, and includes a settlement of inter-se payables. Rajendra Prasad Khaitan, a member of Indo-National Limited’s promoter group, and the distributors have also entered into non-compete and non-solicit obligations, with a payment of Rs 23,56,09,560 to be made by Indo-National Limited.

Indo National Limited submitted a confirmation certificate from Cameo Corporate Services Limited, its Registrar and Share Transfer Agent, for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Indo National Limited announced an investment of Rs 3,90,94,666 in Class C Compulsorily Convertible Preference Shares of Axial Aero Private Limited, increasing its stake in the company to 7.97% from 7.67%. The investment, made via the acquisition of 35,249 shares at a price of Rs 1,109.10 per share, will facilitate business growth and revenue generation for Indo National, according to a regulatory filing. Axial Aero Private Limited, incorporated in 2020, develops motion-based flight simulators and has a turnover of Rs 1,43,30,818 for fiscal year 2025-2026.

Indo National Limited invested Rs 49,89,880 to acquire an additional 0.79% stake in Medcuore Medical Solutions Private Ltd, bringing its total shareholding in MMSPL to 63.07%. The acquisition, which involved purchasing 355 shares at Rs 14,056 per share, is intended to facilitate business growth and generate revenue, and is expected to be completed by fiscal year 2027-28. Medcuore Medical Solutions Private Ltd, incorporated on June 7, 2020, is engaged in the business of manufacturing, distribution, and providing services related to air monitoring systems and air purifiers, with a turnover of Rs 1,45,60,000 in fiscal year 2025-26.

Indo National Limited informed the BSE Limited and National Stock Exchange of India Ltd. that the trading window for dealing in the company`s securities will be closed for designated persons, including promoters, directors, and employees, from October 1, 2026, until 48 hours after the declaration of the unaudited second quarter results for the half year ended September 30, 2026.