| Indo National Limited subscribed to 9,920 fully paid-up Series A CCPS and 12,202 partly paid-up Series A1 CCPS of Aidin Technologies Private Limited for an aggregate consideration of Rs 34,99,92,034, representing 31.82% of the target entity’s paid-up share capital. The acquisition, completed on July 29, 2026, will allow Indo National to participate in the defense electronics sector, which has a market size of approximately Rs 25,000 crore and is growing at a compound annual growth rate of 12-14%, while a second tranche is expected to be completed on or before July 28, 2027. |