Acquisition

7th October 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip code: 504058 NSE SYMBOL: NIPPOBATRY Dear Sir/Madam, Sub: Intimation under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), as amended read with the Securities and Exchange Board of India (“SEBI”) master circular dated November 11, 2024, bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/0155 (“SEBI Circular”) Pursuant to the provisions of Regulation 30 of the SEBI LODR and in continuation to the earlier intimation dated September 17, 2026, we would like to inform that the Company has invested an aggregate amount of Rs. 3,90,94,666 (Rupees Three Crore Ninety Lakh Ninety-Four Thousand Six Hundred Sixty-Six Only), by way of subscription to Class C Compulsorily Convertible Preference Shares (“Class C CCPS”) of Axial Aero Private Limited (“AAPL”). The disclosure required under Schedule III of the SEBI LODR read with the SEBI Circular, is enclosed herewith as Annexure-A. Kindly take the above on your record. For Indo National Limited J. Srinivasan Company Secretary 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 ANNEXURE – A Disclosure of information as required under SEBI circular are as follows:- Particulars Details 1. n ame of the target entity, details in Name: Axial Aero Private Limited brief such as size, turnover etc.; Turnover (FY 25-26): Rs.1,43,30,818 2. w hether the acquisition would fall Pursuant to an additional investment of Rs. 3,90,94,666, the within related party transaction(s) Company has acquired a further 0.30% stake viz. CCPS in and whether the promoter/ AAPL. Following this acquisition, the Company’s aggregate promoter group/ group companies holdings (CCPS) in AAPL now stands at 7.97%. The have any interest in the entity being acquisition would not fall under related party transaction. acquired? If yes, nature of interest None of the promoter/ promoter group/ group companies and details thereof and whether the have any interest in the entity being acquired. same is done at “arm’s length” 3. I ndustry to which the entity being AAPL is engaged in developing motion-based flight acquired belongs simulators which have found usage both in Civil and Military aviation. 4. o bjects and impact of acquisition Object and impact: To facilitate business growth and to (including but not limited to, generate revenue and to earn profit due to expansion of disclosure of reasons for acquisition business of target entity, if its business is outside the main line of business of the listed entity); 5. b rief details of any governmental or Nil regulatory approvals required for the acquisition; 6. I ndicative time period for Nil completion of the acquisition 7. C onsideration- whether cash Cash consideration consideration or share swap or any other form and details of the same. 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 Particulars Details 8. C ost of acquisition and/or the price 35,249 Class C CCPS were acquired based on valuation at which the shares are acquired; report issued by registered valuer. The price per CCPS is Rs. 1,109.10 (Indian Rupees One Thousand One Hundred Nine and Ten Paise). 9. P ercentage of shareholding / Further to the above said investment, the Company’s total control acquired and / or number of acquisition are as follows: shares acquired Particulars Pre Post No of % No of % Shares Shares Class B CCPS 155512 7.67 % 155512 6.50% Class C CCPS - - 35249 1.47% Total 155512 7.67% 190761 7.97% Number of shares(Class C CCPS) acquired: 35,249 shares 10. B rief background about the entity a. Name: Axial Aero Private Limited acquired in terms of products/line of business acquired, date of b. Product and Line of Business: business of development incorporation, history of last 3 years of flight simulation technologies and digital terrain turnover, country in which the technologies in both military and commercial domain. acquired entity has presence and c. Date of Incorporation: 05/08/2020 any other significant information (in brief) d. Last 3 years turnover: FY 26 1,43,30,818 FY 25 19,87,732 FY24 51,822 e. country in which the acquired entity has presence: India 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