Indo-National Limited — JV/Acquisition, 13-05-2026: Acquisition

Indo National (NIPPOBATRY) has invested an additional Rs 0.80 Cr in Medcuore Medical Solutions (MMSPL), boosting its stake to 57.48%. This move reinforces NIPPOBATRY's position in MMSPL, a company specializing in manufacturing and distributing Air Monitoring Systems and Air Purifiers. The strategic rationale is to facilitate business growth, expand operations, and enhance revenue and profitability. MMSPL reported a turnover of Rs 0.35 Cr in FY25. This investment aligns with Indo National's broader strategy for diversification and market expansion.