AION-TECH SOLUTIONS LIMITED — Others, 13-02-2025: Amendment to AOA/MOA

The Board of Aion-Tech Solutions Limited has convened a board meeting to approve several key decisions. This includes the standalone and consolidated financial results for the third quarter, showing revenues from operations of ₹222.58 Cr, with a consolidated loss after tax of ₹4.34 Cr. The meeting has also approved an increase in authorized share capital from ₹50 Cr to ₹80 Cr to facilitate the acquisition of a 54.34% stake in ETO Motors Private Limited, which aligns with the company's strategy to enhance its presence in the electric mobility sector. This acquisition, valued at approximately ₹194.48 Cr, involves a swap of shares. Investors may view this move as a positive step towards growth in sustainable mobility, although it does carry integration risks associated with acquiring a new entity.