Aqylon Nexus Limited has informed the Exchange about Intimation about Execution of Memorandum of Understanding (MoU) with AITMC Ventures Private Limited
AQYLON · price
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Aqylon Nexus Limited has signed a non-binding MoU with AITMC Ventures Private Limited (AVPL) to collaborate on AI skill training for Indian youth, with a focus on non-metropolitan and rural areas. The plan is to roll out a 3-month AI training course across AVPL's 70 existing training centres spread over 16 states, targeting a minimum of 30,000 trained and certified professionals per year (total capacity ~33,600). Aqylon will provide its AI Code Platform and trained faculty, while the programme will align with government initiatives like Digital India, Skill India, NSDC and the National Entrepreneurship Drive. The MoU is valid for 2 years from March 28, 2026, is not a related party transaction, and grants no special rights such as board seats or pre-emptive share rights. Any binding agreement will require further due diligence and approvals.
This signals a strategic diversification for Aqylon (formerly a media company) into the AI/edtech skilling space, but since the MoU is explicitly non-binding with no financial commitment disclosed, near-term stock impact is likely limited. Shareholders should watch for a definitive agreement and actual revenue or trainee numbers before assessing real business value.