AION-TECH SOLUTIONS LIMITED has informed the Exchange about further investment in wholly owned subsidiary
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AION-TECH Solutions has made an additional investment of Rs. 1,30,00,000 (Rs. 1.30 Crore) in its wholly owned subsidiary ROQIT Greenfleet Digital Solutions Private Limited by subscribing to 13,00,000 equity shares of Rs. 10 each at par through a rights issue. With this infusion, the cumulative investment in ROQIT stands at Rs. 9,80,10,000 (Rs. 9.80 Crore), and AION-TECH continues to hold 100% of the subsidiary. ROQIT, incorporated in December 2024, is a pre-revenue platform company building technology for zero-emission fleet and asset management in EV and hydrogen mobility, with several modules developed and pilot engagements completed. The funds will be used by ROQIT for operational and product development expenses. The investment was approved by the board on February 11, 2026, and shares were allotted on March 10, 2026.
This is a capital infusion into an existing wholly owned subsidiary that is still pre-revenue, so there is no immediate impact on the parent's earnings or stock price. For shareholders, it signals continued investment in the clean-mobility platform, but meaningful returns will depend on ROQIT successfully commercialising its pilots and starting to generate revenue.