AION-TECH SOLUTIONS LIMITED — Board Meeting, 12-05-2025: Outcome of Board Meeting

Aion-Tech Solutions has announced a board meeting where it allotted 1.77 crore equity shares at Rs.110 each to ETO Motors shareholders, raising around Rs.194.5 Cr through a share swap. The company approved setting up a wholly owned subsidiary in Dubai to strengthen its global presence. It also approved a Rs.2.97 Cr cash infusion into its EV-focused subsidiary Roqit Green Fleet Digital Solutions to accelerate product development. Additionally, Aion-Tech plans to offer fixed deposit receipts worth up to Rs.10 Cr to secure credit facilities for ETO Motors, supporting subsidiary growth.