The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahita Prasad Caddell & PACs
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The promoter group of Aion-Tech Solutions Ltd — led by Mahita Prasad Caddell along with Persons Acting in Concert (Trinity Infraventures Ltd, LP Sashi Kumar, LP Reetha Priyadarshini, Ponnapula Karthik Sanjay) — has acquired 1,21,25,000 equity shares (23.20% of the expanded capital) through a preferential allotment on 12 May 2025. The acquisition has raised the group's combined holding from 53.89% (1.86 crore shares) to 58.86% (3.08 crore shares) of the company. As part of this, Trinity Infraventures added 37.80 lakh shares (7.23%), Mahita Prasad Caddell took 72.23 lakh shares (13.82%), and Ponnapula Karthik Sanjay got 11.22 lakh shares (2.15%). The company's equity share capital expanded from Rs. 34.58 crore to Rs. 52.26 crore, reflecting fresh issuance of 1.77 crore shares.
This signals strong promoter confidence, with the promoter group deepening its already-controlling stake through fresh capital infusion at a pre-agreed price. Existing minority shareholders should note the dilution of their holding due to the preferential issue and review the allotment pricing for fairness.