Indo-National Limited — JV/Acquisition, 29-07-2026: Acquisition

Indo-National (Nippo) has acquired a 31.82% stake in Aidin Technologies Private Limited for ₹35 Cr. Aidin specializes in advanced radio frequency power electronics for critical defense and aerospace applications like anti-drone systems and electronic warfare. This strategic investment marks Nippo's entry into the high-growth defense electronics sector, aiming to establish a new growth engine. It aligns with India's indigenization efforts, promising enhanced revenue, profitability, and a more diversified business portfolio for Indo-National.