AION-TECH SOLUTIONS LIMITED has informed the Exchange regarding voting results of Postal Ballot
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Aion-Tech Solutions Limited announced the results of its Postal Ballot concluded on March 16, 2026, with all three resolutions passed with requisite majority. The resolutions approved the appointment of Dr. Karthik Sanjay Ponnapula as Non-Executive Non-Independent Director, Mr. Biju Mathews as President and CEO (Special Resolution), and Mr. Chanakya Bellam Radha Krishna as Non-Executive Non-Independent Director. Out of 18,145 shareholders on record date, 80 members participated via remote e-voting, with total votes polled being 30,854,392 for Resolution 1 and 31,976,392 for Resolutions 2 and 3. All resolutions received nearly 100% votes in favor with only 563 votes against across each resolution. The Scrutinizer, Mr. Navajyoth Puttaparthi (Puttaparthi Jagannatham & Co.), confirmed the results were valid with no invalid votes.
The postal ballot results formalize a significant leadership overhaul at the company, including a new CEO and two new directors joining the board. With near-unanimous shareholder approval, the company now has its new management team in place, which could signal a strategic direction shift. Retail investors should watch for the new CEO's stated strategy and any business updates that follow.