Annual Report for the Financial Year 2025-26

Ref: SEC/JS/ September 4, 2026 B S E Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Plot No. C/1, G Rotunda Bldg., P.J.Towers' Block, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 504058 NSE Symbol: NIPPOBATRY Dear Sir/Madam, Sub: Annual Report along with Notice convening the 53rd Annual General Meeting of the Company as per Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year 2025-26. Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 53rd Annual General Meeting (“AGM”) of the Company will be held on Monday, September 28, 2026 at 3.00.p.m.(IST) through Video Conference/ Other Audio Visual Means (“VC/OAVM”). We herewith submit the 53rd Annual Report of the Company along with the Notice convening AGM for the Financial Year 2025-26. Further, in accordance with Regulation 36 (1) (b) of the SEBI Listing Regulations, a letter containing the web-link for accessing the Annual Report is being sent to all those Members who have not registered their email IDs with the Company/Registrar & Transfer Agent/Depository Participants. The Annual Report is available on the website of the Company viz., https://admin.nippo.in/uploads/Annual_Report_2026_05fdb60bf1.pdf We request you to take the above information on record. Thanking you. Yours faithfully, For lndo National Limited, J. Srinivasan Company Secretary Encl: As above lndo National Limited I Corporate office address: Pottipati Plaza, 3rd Floor, 77, Nungambakkam High Road, Chennai – 600034. Registered office address: No. 609, Mount Road, Lakshmi Bhawan IVth FLOOR, Chennai- 600006. CIN No: L31909TN1972PLC006196 I feedback@nippo.in I 044-2827 2711, 044-2824 2700 I www.nippo.in INDO NATIONAL LIMITED INDO NATIONAL LIMITED (CIN L31909TN1972PLC006196) Registered Office: ‘Lakshmi Bhavan’ IVth Floor, No.609, Mount Road, Chennai - 600 006. Corporate / Head Office: Pottipati Plaza, 3rd Floor, Door No.77, Nungambakkam High Road, Nungambakkam, Chennai - 600 034. CONTENTS Page No. Organisation …. 2 Notice to Members …. 3 Board’s Report …. 18 Annexures to Board’s Report A. Conservation of energy, technology …. 25 Absorption and foreign exchange, etc B. Corporate Governance Report …. 27 Standalone Auditors Report …. 61 Balance Sheet …. 71 Statement of Profit and Loss …. 72 Notes to Accounts …. 75 Consolidated Auditors Report …. 110 Balance Sheet …. 118 Statement of Profit and Loss …. 119 Notes to Accounts …. 123 Form AOC - 1 .... 167 INDO NATIONAL LIMITED INDO NATIONAL LIMITED BOARD OF DIRECTORS Ms. Deepa Seshadri Chairman P. Dwaraknath Reddy Managing Director Ms. Suneeta Reddy Director (Appointed on 6th June, 2025) P. Aditya Reddy Joint Managing Director Kiran Joseph Independent Director Murali Subramaniam Independent Director BLN Prasad Director (Appointed on 12th August, 2025) CHIEF EXECUTIVE OFFICER Pavan Kumar BVS CHIEF FINANCIAL OFFICER C.R. Sivaramakrishnan (Retired on 31st December, 2025) S R Aravind Kumar (Appointed on 14th January, 2026) COMPANY SECRETARY J. Srinivasan AUDITORS G Balu Associates LLP Guna Complex, Annex II Building, 4th Floor, No.443 & 445, Anna Salai, Teynampet, Chennai - 600018 BANKERS HDFC Bank Ltd. HSBC Bank Ltd. REGISTERED OFFICE No.609, Mount Road Lakshmi Bhavan, IVth Floor, Chennai – 600 006 CORPORATE / HEAD OFFICE Pottipati Plaza, 3rd Floor, Door No.77, Nungambakkam High Road, Nungambakkam, Chennai - 600 034. FACTORY Tada Village, Nellore District - 524 401. (Andhra Pradesh) INDO NATIONAL LIMITED NOTICE : Company for the Financial Year ending March 31, 2027. NOTICE is hereby given that the FIFTY THIRD (53rd) ANNUAL GENERAL MEETING (“AGM”) of the members Resolved further that the Board of Directors of of INDO-NATIONAL LTD will be held on Monday the the Company be and is hereby authorized to do 28th day of September, 2026 at 3.00 p.m (IST) through all such acts and take all such steps as may be Video conferencing (“VC”)/ other Audio Visual Means necessary proper or expedient to give effect to (“OVAM”) to transact the following business: this resolution.” ORDINARY BUSINESS: 5. Payment of Commission/Remuneration to Non- 1. (a) To receive, consider and adopt the Board’s Executive Independent Directors: Report, Audited Standalone Balance Sheet To consider and thought fit to pass with or without of the Company as at March 31, 2026 modification, the following resolution as a Special and the statement of Profit and Loss for Resolution: the year ended that date together with “Resolved that pursuant to the provisions of the reports of the Auditors thereon. Sections 149(9), 197, 198 and other applicable (b) To receive, consider and adopt the Audited provisions, if any, of the Companies Act, 2013 Consolidated financial Statements of the (“Act”), read with Schedule V to the Act and the Company for the Financial Year ended March rules made thereunder, and Regulation 17(6) 31, 2026 together with the report of the and other applicable provisions of the Securities Auditors thereon. and Exchange Board of India (Listing Obligations 2. To declare a Dividend at the rate of Rs.3.75 per and Disclosure Requirements) Regulations, 2015 equity share (75% of face value of Rs.5/- each (“SEBI LODR Regulations”), as amended from fully paid up) for the Financial Year 2025-26. time to time, and subject to such approvals, consents, permissions and sanctions as may be 3. To appoint a Director in the place of Ms. Suneeta required, and pursuant to the recommendation Reddy (DIN No.00001873) who retires by rotation of Nomination and Remuneration Committee and under Article 147 of the Articles of Association of approval of the Board of Directors of the Company, the Company and as per applicable provisions of the consent of the Members of the Company be the Companies Act 2013, and who, being eligible and is hereby accorded by way of a Special offers herself for re-appointment. Resolution for payment of remuneration by way SPECIAL BUSINESS: of profit-related commission to the Non-Executive 4. Approval of the Remuneration payable to the Cost Independent Directors of the Company, for each Auditor for the Financial Year 2026-27. of the financial years commencing from and To consider and if thought fit, to pass with or including the financial year 2025-26 and ending without modification, the following resolution as with the financial year 2027-28, of such amount an Ordinary Resolution: as may be determined by the Board of Directors from time to time, provided that the aggregate “Resolved that pursuant to the provisions of section amount payable to all the Non-Executive 148 and other applicable provisions, if any, of the Independent Directors in respect of any financial Companies Act, 2013 and the Companies (Audit year shall not exceed 1% (one per cent) of the net and Auditors) Rules 2014 (including any statutory profits of the Company computed in accordance modifications or re- enactments thereof, for the with Section 198 of the Act or Rs.5,00,000/- time being in force) M/s. B. Thulasiram & Co., (Rupees Five Lakh only), whichever is higher, Cost Accountant, Chennai (Firm Registration No. subject to the applicable provisions of the Act and 003539), appointed by the Board of Directors the SEBI LODR Regulations. of the Company on the recommendations of the Audit Committee be paid the remuneration RESOLVED FURTHER THAT in the event the of Rs.1,00,000/- plus out of pocket expense Company has no profits or its profits are to conduct the audit of the cost records of the inadequate in any financial year, the remuneration INDO NATIONAL LIMITED payable to the Non-Executive Independent NOTES: Directors pursuant to this resolution shall be 1. Pursuant to the General Circular numbers subject to, and shall be within, the limits and 20/ 2020, 14/2020, 17/2020, 02/2021 and conditions prescribed under [Showing first 8,000 characters — download PDF for full document]