AION-TECH SOLUTIONS LIMITED — Others, 13-02-2025: Rescission/termination(s)

AION-Tech Solutions Limited has announced a board meeting to discuss and approve the standalone and consolidated financial results for the third quarter ended December 31, 2024. The company reported a total revenue of ₹234.02 crore, reflecting a slight decrease compared to the previous year. Key decisions included a proposed increase in authorized share capital to ₹80 crore, which will facilitate acquiring ETO Motors Private Limited by means of a share swap representing a 54.34% stake. This strategic move could enhance the company's position in the electric mobility sector, potentially providing long-term value for shareholders and indicating a positive outlook for growth.