Indo-National Limited — Important, 11-12-2024: Updates

Based on the recent review of the consolidated unaudited financial results, there were no significant issues identified in the statement prepared according to Indian Accounting Standards and Listing Regulations. However, the interim financial results of two subsidiaries and three step-down subsidiaries, which have a combined total asset value of ₹50,334.82 crore, were not reviewed directly. These subsidiaries reported total revenues of ₹ NIL and ₹19,026.01 crore for the current period, along with net profits after tax of ₹816.56 crore and ₹13,092.22 crore, respectively, for the quarter and half-year ending September 2024. The conclusions drawn from the overall financial statement rely on reports provided by other auditors. Investors should monitor these developments closely, as they could influence the future performance and reliability of the consolidated financial health of the company.