About
Indo National Ltd
Promoted by S R Jiwarajka and Matsushita Electrical Company, Japan, in 1972, Indo National Ltd (INL) was incorporated as a public limited company. The Company is in the business of manufacture and marketing of batteries, torches, LED products, mosquito bats, Electrical accessories and Razors & Blades. Nippo has 20 depots across India and has distribution network with over 3200 distributors across India.
Matsushita holds 40% of INL's equity. The Indian partner is Obul Reddy. The company has already diversified into the sale of flashlights under the Nippo brand. INL's R&D department has developed batteries for India's defence forces. It has obtained governments permission to manufacture 20,000 sets of tape-recorder-cum-transistors.
INL recently added two types of high-performance batteries to its existing brands--UM-3 Premium Gold and UM-1 Mega Super. The UM-3 is meant for walkmans and cameras. The UM-3 has 50% more power compared to the company's Nippo brand and has a longer shelf life of 24 months. The UM-1 mega cells find application in toys and cassette recorders.
The company has obtained ISO 9001 certification from TUV CERT certification body of Rheinisch-Westfalischer TUV e.v., for design development, production and sales of Dry Cell Batteries. It is also planning to import alkaline and lithium batteries under the Panasonic brand for marketing in the country.
During 2001-02 the Paper Seperator project was completed successfully at a cost of Rs.3.36 crores which was met out of internal accruals. This is an important component in the manufacture of UM-3 batteries.
The Company commissioned one more Wind Mill (1.5MW) at Tirunelveli District., Tamil Nadu at an investment of Rs.9.25 Crores in 2009. Effective from 10th April 2013, name of the Company was changed from Nippo Batteries Co. Ltd. to Indo National Ltd. The Company incorporated its wholly owned subsidiary company M/s. Helios Strategic Systems (I) Ltd (HSSIL) and through HSSIL, and through HSSIL, it acquired 44.49% equity shareholding in Kineco Limited, a company based at GOA in to defence and Aerospace business during 2015-16.
'DORCO', a new product was launched in 2019-20.
Indo National Ltd
Chairman Speech
Chairman
NOTICE is hereby given that the FORTIETH ANNUAL GENERAL MEETING of INDO NATIONAL
LIMITED will be held at Sri P Obul Reddy Hall, Vani Mahal, No.103, G.N. Chetty Road,
T.Nagar, Chennai- 600 017, on Friday, the 27th day of September, 2013 at 10.15
A.M to transact the following business:
ORDINARY BUSINESS:
1. To receive, consider and adopt the Directors' Report, Audited Balance Sheet of the
Company as at March 31, 2013 and the Statement of Profit and Loss for the year ended that
date together with the report of the Auditors' thereon.
2. To declare a Dividend.
3. To appoint a Director in the place of Mr. V.R. Gupte, who retires by rotation under
Article 147 of the Articles of Association of the Company and as per applicable provisions
of the Companies Act 1956, and who, being eligible offers himself for re-appointment.
4. To appoint a Director in the place of Dr. S.A Dave, who retires by rotation under
Article 147 of the Articles of Association of the Company and as per applicable provisions
of the Companies Act 1956, and who, being eligible offers himself for re-appointment.
5. To appoint M/s. P. Srinivasan & Co., Chartered Accountants, Chennai as Statutory
Auditors of the Company to hold office from the conclusion of this meeting until the
conclusion of the next Annual General Meeting and to authorize the Audit Committee and
Board of Directors to fix their remuneration.
SPECIAL BUSINESS:
6. To consider and if thought fit, to pass with or without modification, the following
resolution as an ORDINARY RESOLUTION:
RESOLVED THAT, Mr. M. Subramanyam who was appointed as Additional Director of the
Company with effect from 31st July 2012 under Section 260 of the Companies Act,
1956 and who holds office up to the date of this Annual General Meeting be and is hereby
appointed as Director of the Company and shall be liable to retire by rotation.
7. To consider and if thought fit, to pass with or without modification, the following
resolution as an ORDINARY RESOLUTION:
Resolved that Mr. S. Obul Reddy who was appointed as Director u/s.262 of the Companies
Act, 1956, to fill the casual vacancy on the Board occasioned due to the resignation of
Mr. K. Kudara, who ceases to hold office under the provisions of the said section and is
eligible for reappointment and in respect of whom the Company has received a notice in
writing u/s. 257 of the Companies Act, 1956, from a member signifying his intention to
propose him as a candidate for the office of a Director of the Company, be liable to
retire by rotation.
8. To consider and if thought fit, to pass with or without modification, the following
resolution as an ORDINARY RESOLUTION:
Resolved that Mr. P.Aditya Reddy who was appointed as Director u/s.262 of the Companies
Act, 1956, to fill the casual vacancy on the Board occasioned due to the resignation of
Mr. H. Sugimura, who ceases to hold office under the provisions of the said section and is
eligible for reappointment and in respect of whom the Company has received a notice in
writing u/s. 257 of the Companies Act, 1956, from a member signifying his intention to
propose him as a candidate for the office of a Director of the Company, who is liable to
retire by rotation.
|
For and on behalf of the Board of Directors |
|
For Indo National Limited |
| Place: Chennai |
Justice S. Natarajan |
| Date : 17th May, 2013 |
Chairman |
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Indo National Ltd
Company History
Promoted by S R Jiwarajka and Matsushita Electrical Company, Japan, in 1972, Indo National Ltd (INL) was incorporated as a public limited company. The Company is in the business of manufacture and marketing of batteries, torches, LED products, mosquito bats, Electrical accessories and Razors & Blades. Nippo has 20 depots across India and has distribution network with over 3200 distributors across India.
Matsushita holds 40% of INL's equity. The Indian partner is Obul Reddy. The company has already diversified into the sale of flashlights under the Nippo brand. INL's R&D department has developed batteries for India's defence forces. It has obtained governments permission to manufacture 20,000 sets of tape-recorder-cum-transistors.
INL recently added two types of high-performance batteries to its existing brands--UM-3 Premium Gold and UM-1 Mega Super. The UM-3 is meant for walkmans and cameras. The UM-3 has 50% more power compared to the company's Nippo brand and has a longer shelf life of 24 months. The UM-1 mega cells find application in toys and cassette recorders.
The company has obtained ISO 9001 certification from TUV CERT certification body of Rheinisch-Westfalischer TUV e.v., for design development, production and sales of Dry Cell Batteries. It is also planning to import alkaline and lithium batteries under the Panasonic brand for marketing in the country.
During 2001-02 the Paper Seperator project was completed successfully at a cost of Rs.3.36 crores which was met out of internal accruals. This is an important component in the manufacture of UM-3 batteries.
The Company commissioned one more Wind Mill (1.5MW) at Tirunelveli District., Tamil Nadu at an investment of Rs.9.25 Crores in 2009. Effective from 10th April 2013, name of the Company was changed from Nippo Batteries Co. Ltd. to Indo National Ltd. The Company incorporated its wholly owned subsidiary company M/s. Helios Strategic Systems (I) Ltd (HSSIL) and through HSSIL, and through HSSIL, it acquired 44.49% equity shareholding in Kineco Limited, a company based at GOA in to defence and Aerospace business during 2015-16.
'DORCO', a new product was launched in 2019-20.