Indo National Limited announced that its board of directors meeting held on April 15, 2015 has approved the resignation of Mr. V. R. Gupte as independent director of the company, resignation of Dr. S. A. Dave as independent director of the company, reconstitution of the audit committee -Mr. Ramesh Rajan, independent director, as chairman of audit committee and Mrs. Lakshmi Subramanian as member of the committee.

The board of directors of the company at its meeting held on April 15, 2015, approved the incorporation of a wholly owned subsidiary company to carry on diversified new businesses in the areas of Defence, Aerospace and Railways.