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

Aion-Tech Solutions has announced a board meeting on key strategic moves. The company allotted 1.77 crore shares at Rs.110 each to existing shareholders of its subsidiary ETO Motors, raising Rs.194.47 crore on a non-cash basis. It’s setting up a wholly owned subsidiary in Dubai to boost its global presence and approved an additional investment of Rs.2.97 crore in its zero-emission fleet tech arm, Roqit Green Fleet Digital Solutions. The board also approved offering fixed deposit receipts worth up to Rs.10 crore as security for ETO Motors’ bank credit.