Indo-National Limited — Others, 16-05-2025: Shareholders meeting

Indo-National Limited has announced a board meeting to approve a Scheme of Amalgamation with its wholly owned subsidiary, Helios Strategic Systems Limited. The merger will simplify the corporate structure, reduce overhead costs, and improve operational efficiency by eliminating inter-company transactions. Post-merger, Helios will be dissolved and its employees absorbed into Indo-National without affecting creditors or stakeholders. Board and auditor approvals are in place, with shareholder consent to be obtained through a tribunal-led e-voting process. This consolidation aims to create value through streamlined operations and economies of scale, benefiting shareholders, employees, and customers.