AION-TECH SOLUTIONS LIMITED — Important, 12-05-2025: General Updates

Aion-Tech Solutions has announced a board meeting to allot 1.77 crore equity shares worth Rs. 194.48 Cr to existing shareholders of its subsidiary ETO Motors as non-cash consideration. It approved setting up a wholly owned subsidiary in Dubai and plans to invest up to Rs. 2.97 Cr in its EV and hydrogen mobility tech arm, Roqit Green Fleet Digital Solutions. Additionally, fixed deposit receipts worth up to Rs. 10 Cr will secure credit facilities for ETO Motors, supporting its growth and expansion efforts.