Indo-National Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations. The Board of Directors of the Company, at its meeting held on 12th October 2026, approved the execution of a Memorandum of Agreement (MoA) with Radiohms Agencies, RAL Consumer Products Limited (collectively referred to as "Distributors") and Rajendra Prasad Khaitan (RPK).

The Board meeting commenced at 3:00 PM and concluded at 4:00 PM (IST).

Key Details of the Memorandum of Agreement:

Parties Involved:

  • Indo National Limited
  • Radiohms Agencies
  • RAL Consumer Products Limited
  • Rajendra Prasad Khaitan

Purpose of Agreement:

  • To record and confirm the cessation of the Distributors as the authorized wholesale distributors of the Company for Bihar, West-Bengal and North-Eastern States in India, with effect from 26 September 2024
  • Settlement of inter-se payables between the parties
  • RPK and the Distributors have entered into non-compete and non-solicit obligations vis-à-vis the Company

Financial Terms:

  • The net settlement payment to be made towards the purpose set out in the MoA, including set-off of identified payables and receivables, is ₹3.5 crore

Additional Provisions:

  • The agreement includes customary non-compete obligations in respect of certain product lines of the Company
  • Customary non-solicit obligations are also part of the agreement

Related Party Nature:

  • Rajendra Prasad Khaitan is identified as a member of the promoter group of the Company and is accordingly a 'related party' under SEBI Listing Regulations
  • The transaction is classified as a related party transaction
  • The Company states that the transaction is undertaken at an arm's length basis

Other Considerations:

  • The agreement does not involve any issuance or transfer of shares
  • The agreement does not constitute a loan agreement
  • No other disclosures related to nominee directors, potential conflict of interest, or termination/amendment details are applicable

The disclosure was signed by J. Srinivasan, Company Secretary of Indo-National Limited, on 12th October 2026 at 16:08:28 IST.