AION-TECH SOLUTIONS LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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The Board of AION-TECH SOLUTIONS (formerly Goldstone Technologies) approved four key items in its May 12, 2025 meeting. First, the company allotted 1,76,79,770 equity shares at Rs. 110 each (Rs. 100 premium) aggregating to Rs. 194.47 crore on a non-cash basis to existing shareholders of subsidiary ETO Motors Private Limited, indicating a share-swap deal likely tied to increasing its stake in ETO Motors. Second, the Board approved incorporating a new 100% Wholly Owned Subsidiary in Dubai, UAE, focused on software development, reselling and consulting, expected to be set up within 1-2 months. Third, it approved an additional investment of up to Rs. 2.97 crore in its existing WOS, Roqit Green Fleet Digital Solutions Pvt Ltd, which works on EV and Hydrogen mobility technology. Fourth, the company approved offering Fixed Deposit Receipts up to Rs. 10 crore as security for credit facilities being availed by ETO Motors.
For shareholders, this filing signals aggressive expansion — a large share issuance (dilutive but non-cash), international footprint-building via a Dubai WOS, deeper investment in the EV/hydrogen mobility subsidiary, and continued financial support to ETO Motors. Existing shareholders should note the ~1.77 crore new shares will dilute equity, while the strategic moves may support long-term growth if subsidiaries perform.