Indo National Ltd

Indo National Limited invested Rs 25,01,968 to acquire an additional 0.39% stake in Medcuore Medical Solutions Private Ltd, bringing its total shareholding in MMSPL to 63.46%. The acquisition, which involved purchasing 178 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. MMSPL, incorporated on June 7, 2020, is engaged in the manufacturing, distribution, and service of 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 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.

Indo National Limited announced that its board of directors approved an investment of Rs 3,90,94,666 in Axial Aero Private Limited by way of subscription to 35,249 Class C Compulsorily Convertible Preference Shares, which will represent 7.97% of Axial Aero Private Limited’s share capital on a fully diluted basis, subject to certain conditions. The investment is part of a pre-Series A -1 round, with shares issued at a price of Rs 1,109.10 per share, and will allow Indo National Limited to nominate one member to the board of directors of Axial Aero Private Limited.

Indo National Limited invested Rs 50,03,864 in Medcuore Medical Solutions Private Ltd, increasing its stake in the company to 61.87% from a previous 61.09%, according to a regulatory filing on September 2, 2026. The acquisition, which involved purchasing 329 shares at prices ranging from Rs 14,056 to Rs 16,536 per share, will be completed by fiscal year 2027-28 and does not constitute a related party transaction. Medcuore Medical Solutions Private Ltd is engaged in the business of manufacturing, distribution and providing services in relation to Air Monitoring System and Air Puri?ers, with a turnover of Rs 1,45,60,000 in fiscal year 2025-26.

Indo National Limited informed the National Stock Exchange of India Limited and BSE Limited that Binu Sekhar has resigned from the position of Chief Sales Officer (CSO) of the company, effective September 1, 2026, due to personal reasons.

Indo National Ltd share price slipped 2.82% to Rs 323.7 after the company's net profit witnessed a sharp fall of 109.57% to Rs 2.01 crore, while revenue from operations improved marginally 8.42% to Rs 116.14 crore in Q2FY26 over Q1FY26. The market capitalization of Household Products industry group stocks on BSE stood at Rs 11609.51 crore, easing 5.89%. It has inched up 3.51% over last one week and gained upto 1.48% in last one month while the market capitalization of Indo National Ltd has slipped by 0.14% and 16.59% in the same period respectively. Profit before tax (PBT) of Indo National Ltd stood at Rs 3.22 crore in Q2 FY26, plunging by 370.59% year-on-year, and tanking 84.29% quarter-on-quarter. EBITDA came in at Rs 1 crore, tumbling by 232.20% YoY and crashing by 96.03% sequentially. Total expenses slightly declined by 7.13% to Rs 119.38 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 53.65 crore, soaring by 22.38% YoY, while employee benefits expense was at Rs 17.77 crore, ticking higher by 6.79% YoY. For the TTM ended FY26, revenue from operations slumped by 27.03% to Rs 467.47 crore, while net profit saw a strong growth of 732.99% to Rs 121.95 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 2520% to Rs 212.23 crore, and PBT jumped 679.04% to Rs 151.29 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 55.76 crore in FY26, as against Rs 43.55 crore in FY25. Indo National Ltd tumbled by 33.02% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.05% during the same period.