AION-TECH SOLUTIONS LIMITED (GOLDTECH)
📢 Recent Corporate Announcements
AION-TECH Solutions Limited has submitted its Annual Report and Notice for the 32nd Annual General Meeting (AGM) for FY 2025-26. The AGM will be conducted via Video Conferencing on Monday, September 28, 2026, at 4:30 PM IST. The remote e-voting window will be open from September 24, 2026, to September 27, 2026, with the cut-off date set as September 21, 2026. Ordinary business includes the adoption of FY26 standalone and consolidated financial statements and the re-appointment of retiring director Mr. Lam Paul Sashikumar.
- 32nd AGM scheduled for September 28, 2026 at 4:30 PM IST via Video Conference
- Remote e-voting begins September 24, 2026 (9:00 AM) and closes September 27, 2026 (5:00 PM)
- Cut-off date for shareholder voting eligibility is September 21, 2026
- Book closure set from September 22, 2026 to September 28, 2026
AION-TECH SOLUTIONS LIMITED has issued the notice for its 32nd Annual General Meeting (AGM) scheduled for September 28, 2026, via video conferencing. The cut-off date to determine voting eligibility is September 21, 2026, with the remote e-voting window active from September 24 to September 27, 2026. Share transfer books will remain closed from September 22 to September 28, 2026. The key agenda items include the adoption of FY26 financial statements and the re-appointment of a director retiring by rotation.
- 32nd AGM scheduled for Monday, September 28, 2026 at 4:30 PM IST via VC/OAVM
- Voting cut-off date fixed as Monday, September 21, 2026
- Remote e-voting open from September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- Book closure period set from September 22, 2026 to September 28, 2026 (both days inclusive)
AION-Tech Solutions Limited has scheduled its 32nd Annual General Meeting (AGM) for FY26 on Monday, September 28, 2026, via Video Conferencing. The board fixed the cut-off date for voting eligibility as Monday, September 21, 2026. The remote e-voting period will be active from September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM). The register of members and share transfer books will remain closed from September 22 to September 28, 2026.
- 32nd Annual General Meeting scheduled for September 28, 2026, at 4:30 PM IST via VC/OAVM
- Voting cut-off date fixed as Monday, September 21, 2026
- E-voting window set from September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- Book closure from September 22, 2026, to September 28, 2026 (both days inclusive)
Aion-Tech Solutions (formerly Goldstone Technologies) reported a weak start to FY27, with standalone revenue falling 57% sequentially to ₹14.91 cr from ₹34.74 cr in Q4 FY26. The company swung to a standalone net loss of ₹0.35 cr, compared to a profit of ₹4.52 cr in the previous quarter. On a consolidated basis, the net loss widened to ₹2.60 cr, driven by ₹2.25 cr in losses from subsidiaries including ETO Motors and Roqit Greenfleet. Additionally, the company has invoked arbitration against Equitas Small Finance Bank for a ₹0.27 cr claim and expanded its credit limit with a new ₹10 cr overdraft facility.
- Standalone revenue declined 57% quarter-on-quarter to ₹14.91 cr from ₹34.74 cr.
- Consolidated net loss reached ₹2.60 cr, with subsidiaries contributing ₹12.37 cr in revenue but ₹2.25 cr in losses.
- Software License segment revenue saw a sharp drop to ₹12.74 cr from ₹30.59 cr in the preceding quarter.
- Secured a new ₹10 cr overdraft facility from ICICI Bank at 9% interest, replacing a smaller ₹5 cr facility.
- Invoked arbitration on July 16, 2026, against Equitas Small Finance Bank regarding a ₹0.27 cr reimbursement dispute.
Aion-Tech Solutions (formerly Goldtech) has announced a further investment in its wholly-owned subsidiary, ROQIT Greenfleet Digital Solutions. The investment, totaling ₹8.50 Cr, is directed towards developing zero-emission fleet technology for EV and Hydrogen mobility. This move is part of a broader strategy to diversify from IT services into the green energy sector. Currently, the project is in the development phase with no quantified revenue contribution yet.
- Investment of ₹8.50 Cr in ROQIT Greenfleet Digital Solutions
- Subsidiary is 100% owned by Aion-Tech Solutions
- Focus on EV and Hydrogen mobility technology platforms
- TTM Revenue of ₹135 Cr provides the backdrop for this ~6.3% capital allocation
AION-TECH Solutions has infused an additional ₹1.30 Cr into its wholly-owned subsidiary, ROQIT Greenfleet Digital Solutions, bringing its total investment to ₹9.80 Cr. ROQIT, incorporated in December 2024, is a pre-revenue entity focused on software for EV and Hydrogen mobility fleets. The funds are earmarked for operational expenses and product development as the subsidiary moves from Proof-of-Concept (PoC) to commercialization. This investment is relatively small, representing less than 1% of AION-TECH's TTM revenue.
- ₹1.30 Cr additional equity investment made via rights issue at ₹10 per share
- ₹9.80 Cr total cumulative investment in the ROQIT subsidiary to date
- 13,00,000 equity shares allotted to the parent company on March 10, 2026
- Zero revenue reported by the subsidiary as of March 31, 2025, as it remains in the development phase
Aion-Tech Solutions Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026. The report confirms that the total issued capital of 5,22,61,836 shares matches the listed capital on both BSE and NSE. Approximately 99.74% of the shares are held in dematerialized form, with 72.18% in CDSL and 27.56% in NSDL. No changes in share capital occurred during the quarter, and there are no pending dematerialization requests beyond 21 days.
- Total issued and listed capital remains unchanged at 5,22,61,836 equity shares
- 99.74% of the total share capital is held in dematerialized form across CDSL and NSDL
- Physical shareholding is minimal at 1,34,129 shares, representing only 0.26% of the total
- Zero pending demat requests were reported beyond the 21-day regulatory timeline
Aion-Tech Solutions Limited (formerly Goldstone Technologies) has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the period ending June 30, 2026. The company's Registrar and Share Transfer Agent, Aarthi Consultants Private Limited, confirmed that all share certificates received for dematerialization were processed within the mandatory 15-day period. This process involves the cancellation of physical certificates and updating the depository as the registered owner. This is a standard administrative filing and does not impact the company's financial position or operations.
- Compliance confirmed for the quarter spanning April 1, 2026, to June 30, 2026
- Dematerialization requests were processed and confirmed within 15 days of receipt
- Registrar Aarthi Consultants Private Limited issued the confirmation on July 3, 2026
- Physical certificates were mutilated and cancelled as per regulatory requirements
AION-TECH Solutions Limited, formerly known as Goldstone Technologies, has re-appointed M/s. CKS Associates LLP as its internal auditor for the financial year 2026-27. The decision was finalized during a board meeting held on June 26, 2026, which lasted 30 minutes. This appointment is a standard regulatory requirement under SEBI (LODR) Regulations to ensure robust internal financial controls. The firm specializes in assurance and taxation services and has no existing relationship with the company's directors.
- Re-appointment of M/s. CKS Associates LLP as Internal Auditor for the 2026-27 fiscal year.
- Board meeting conducted on June 26, 2026, between 05:00 p.m. and 05:30 p.m. IST.
- The appointed auditor holds zero shareholding in the company and has no relationship with directors.
- Compliance maintained under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Aion-Tech Solutions Limited, formerly known as Goldstone Technologies, has announced the re-appointment of M/s. CKS Associates LLP as its Internal Auditor. This appointment covers the financial year 2026-27 and was approved during a board meeting held on June 26, 2026. The move is a routine compliance measure to ensure continued internal financial oversight and governance. The board meeting was conducted efficiently, lasting only 30 minutes between 5:00 PM and 5:30 PM IST.
- Re-appointment of M/s. CKS Associates LLP as Internal Auditor for the full financial year 2026-27.
- The board meeting was held on June 26, 2026, and concluded within a 30-minute timeframe.
- CKS Associates LLP is a specialized firm providing Assurance, Advisory, and Taxation services across South India.
- The company confirmed no existing relationships between the Internal Auditor and the Board of Directors.
Aion-Tech Solutions Limited has announced the closure of its trading window for all designated persons starting July 01, 2026. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are declared to the stock exchanges. This is a standard regulatory procedure to prevent insider trading during the finalization of quarterly accounts.
- Trading window closure commences on Wednesday, July 01, 2026.
- Closure is linked to the finalization of financial results for the quarter ending June 30, 2026.
- The window will reopen 48 hours after the official declaration of financial results.
- Compliance is maintained under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Aion-Tech Solutions Limited (formerly Goldstone Technologies) reported a 15.3% YoY increase in annual revenue to ₹1,001.01 million for FY26. While Net Profit for the year stood at ₹173.85 million, it was significantly bolstered by an exceptional gain of ₹136.94 million from the sale of land. A major highlight was the completion of a share swap arrangement with ETO Motors, involving the issuance of 17.68 million shares at ₹110 each, which led to a substantial increase in the equity base and impacted EPS, which settled at ₹3.45 for the year.
- Annual Revenue from Operations grew 15.3% YoY to ₹1,001.01 million from ₹868.09 million.
- Q4 FY26 Net Profit surged to ₹45.10 million, a significant jump from ₹7.47 million in Q4 FY25.
- Completed a major share swap of 17,679,770 equity shares at ₹110 per share for ETO Motors Private Limited.
- Reported an exceptional profit of ₹136.94 million from the sale of land during the financial year.
- Equity Share Capital increased to ₹522.62 million from ₹345.82 million following the share swap and ICD conversions.
Aion-Tech Solutions Limited has confirmed the appointment of Mr. Chanakya Bellam Radha Krishna as a Whole-time Director, effective May 1, 2026. The appointment follows shareholder approval via postal ballot and is set for a three-year tenure ending April 30, 2029. Mr. Krishna brings over 20 years of experience in corporate strategy and business development, having previously served as President of Strategy at the parent company, Trinity Infraventures. This leadership move is intended to strengthen the company's strategic growth and operational excellence.
- Appointment of Mr. Chanakya Bellam Radha Krishna as Whole-time Director for a 3-year term starting May 1, 2026.
- The appointee possesses over 20 years of cross-functional experience in corporate strategy, fundraising, and business development.
- He transitions from his current role as President of Strategy & Corporate Development at parent company Trinity Infraventures Limited.
- The appointment was finalized following a Scrutinizer’s report dated May 04, 2026, regarding a Postal Ballot resolution.
- The director holds nil shares in Aion-Tech Solutions Limited as of the appointment date.
AION-TECH SOLUTIONS LIMITED (formerly Goldstone Technologies) has announced the successful passage of a special resolution to change the designation of Mr. Chanakya Bellam Radha Krishna to Whole-time Director. The resolution was passed via postal ballot with an overwhelming 99.99% majority of the valid votes cast. A total of 28,656,094 votes were polled, with 28,652,398 in favor and only 3,696 against. The promoter group showed unanimous support, casting 100% of their 27,404,756 votes in favor of the appointment.
- Special resolution for the appointment of Mr. Chanakya Bellam Radha Krishna as Whole-time Director passed with 99.99% approval.
- Promoter and Promoter Group cast 27,404,756 votes, all 100% in favor of the resolution.
- Public non-institutional shareholders cast 1,251,338 votes, with 99.70% (1,247,642 votes) in favor.
- The voting process involved 18,260 shareholders on record as of the cut-off date, March 27, 2026.
- The resolution was officially passed on May 04, 2026, following a month-long e-voting period.
Aion-Tech Solutions Limited, formerly Goldstone Technologies, has announced the successful passage of a special resolution via postal ballot. Shareholders have approved the change in designation of Mr. Chanakya Bellam Radha Krishna to Whole-time Director. The resolution received overwhelming support, with 99.99% of the total 28.65 million votes cast in favor, ensuring management continuity for the AI-focused solutions provider.
- Special resolution passed with 99.99% majority (28,652,398 votes in favor)
- Mr. Chanakya Bellam Radha Krishna (DIN: 02642002) confirmed as Whole-time Director
- Promoter group cast 27,404,756 votes with 100% approval
- Public non-institutional shareholders cast 1,251,338 votes with 99.70% approval
- Voting process concluded on May 04, 2026, with no invalid votes recorded
Financial Performance
Revenue Growth by Segment
Standalone Software License Sale grew 16.13% to INR 74.99 Cr (from INR 64.58 Cr). Standalone IT/Software Services decreased 18.14% to INR 11.81 Cr (from INR 14.43 Cr). Consolidated Goods Transport revenue fell 84.73% following the divestment of Wowtruck Technologies.
Geographic Revenue Split
India remains a primary market, but the company has significant international exposure with Foreign Exchange Earnings of INR 21.10 Cr in FY2024-25, representing approximately 24.3% of standalone revenue.
Profitability Margins
Standalone Net Profit Margin improved to 16.42% (INR 14.81 Cr) from 2.91% (INR 2.34 Cr) in FY2023-24, primarily driven by a one-time profit of INR 15.63 Cr from land sales. Consolidated Net Profit Margin stood at 10.73% (INR 9.90 Cr) compared to a net loss of 2.31% (INR 2.18 Cr) in the previous year.
EBITDA Margin
Operating Profit Margin (Standalone) turned negative, decreasing from 2.24% to -0.47% in FY2024-25. Consolidated Operating Profit Margin worsened to -5.63% from -2.47% due to heavy discounting on large software license orders and operating losses in subsidiaries.
Capital Expenditure
The company invested INR 8.50 Cr in its wholly-owned subsidiary ROQIT Greenfleet Digital Solutions. It also realized INR 15.63 Cr from the sale of land in Cherlapally, Hyderabad, to support liquidity and future investments.
Credit Rating & Borrowing
CRISIL upgraded the long-term rating to 'CRISIL BB-/Stable' from 'CRISIL B+/Stable'. Borrowing costs are linked to an overdraft facility with a sanctioned limit of INR 6.90 Cr, of which INR 2.35 Cr was utilized as of March 31, 2025.
Operational Drivers
Raw Materials
Software Licenses (resale products from partners like Tableau and Snowflake) represent the primary cost of sales, though specific percentage of total cost is not disclosed.
Import Sources
Sourced globally through partnerships with companies based in the USA and UK (e.g., Alteryx UK, DVW UK, Tableau, Snowflake, Fivetran).
Key Suppliers
Key technology partners include Tableau (Salesforce), Snowflake, Fivetran, Alteryx UK, DVW UK, and Simply Learn.
Capacity Expansion
Not a manufacturing entity; however, the company is expanding its technological footprint into EV and Hydrogen mobility through its subsidiary ROQIT, which was incorporated in December 2024.
Raw Material Costs
Margins on Software License sales were significantly impacted by discounts given to large-sized orders, leading to a standalone segment profit decrease of 15.35% in IT services.
Manufacturing Efficiency
Not applicable as the company provides IT services and software licenses. Efficiency is measured by employee productivity and service quality.
Logistics & Distribution
Distribution costs are minimal for software; however, the company exited the physical logistics space by selling its 100% stake in Wowtruck Technologies for INR 8.53 Cr.
Strategic Growth
Expected Growth Rate
10%
Growth Strategy
Growth is targeted through the acquisition of ETO to boost revenue, further investment of INR 8.50 Cr in ROQIT for zero-emission fleet technology (EV/Hydrogen), and leveraging strategic partnerships with Snowflake and Fivetran to expand the business intelligence portfolio.
Products & Services
Business intelligence software licenses, IT consulting services, software development, and technology for zero-emission EV/Hydrogen mobility fleets.
Brand Portfolio
Aion-Tech Solutions, Goldstone Technologies (legacy), ROQIT.
New Products/Services
Launch of zero-emission fleet management platforms under ROQIT; expected revenue contribution is not yet quantified as it is in the development phase.
Market Expansion
Expansion into the Green Energy and EV mobility sector in India; standalone revenue is projected to stay above INR 90 Cr.
Market Share & Ranking
Not disclosed in available documents; described as having a 'modest scale of operations' in a highly competitive industry.
Strategic Alliances
Partnerships with Fivetran, Snowflake, Simply Learn, Alteryx UK, DVW UK, and Tableau for product resale and service delivery.
External Factors
Industry Trends
The IT industry is shifting toward data protection (DPDP Act) and cybersecurity (CERT-In). The company is positioning itself for the future by pivoting toward AI and Green Tech (EV/Hydrogen mobility).
Competitive Landscape
Intense competition from both large-scale IT firms and niche software resellers, constraining the company's ability to scale revenue beyond INR 93 Cr.
Competitive Moat
Moat is based on long-standing promoter experience (10+ years) and established strategic partnerships with global software leaders. However, the moat is challenged by intense competition and low switching costs in license resale.
Macro Economic Sensitivity
Sensitive to global IT spending and GDP growth (projected at 3.0% for 2025). Sluggish demand in Europe and high interest rates in the US impact corporate earnings growth for IT clients.
Consumer Behavior
Shift toward zero-emission mobility and data-driven business intelligence is driving the company's recent investment pivots.
Geopolitical Risks
Trade and tariff risks impacting IT service exports; vulnerability to changes in international trade policies as noted in August 2025 reports.
Regulatory & Governance
Industry Regulations
Must comply with the Digital Personal Data Protection (DPDP) Act (Jan 2025) and CERT-In Cybersecurity Guidelines (2025) regarding data localization, consent, and incident reporting.
Environmental Compliance
Focusing on zero-emission technology through ROQIT to align with global ESG trends; specific compliance costs are not disclosed.
Taxation Policy Impact
Subject to standard Indian corporate tax rates; fiscal 2025 performance was impacted by tax treatments of land sale capital gains.
Legal Contingencies
The company received a 'true and fair' audit opinion for FY2024-25; no specific pending High Court or Supreme Court litigation values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
The acquisition of ETO and the startup phase of ROQIT may continue to drag down consolidated profitability in the short term due to initial expansion costs.
Geographic Concentration Risk
Significant revenue concentration in India, though export earnings contribute roughly one-fourth of the standalone business.
Third Party Dependencies
High dependency on a few key software vendors (Tableau, Snowflake) for the 'Software License Sale' segment, which is the largest revenue contributor.
Technology Obsolescence Risk
Risk of rapid shifts in software preferences; mitigated by maintaining partnerships with multiple leading-edge platforms like Snowflake and Fivetran.
Credit & Counterparty Risk
Receivables management has improved (Debtors Turnover 4.25), but the company remains vulnerable to the business policies of its top 5 clients who control 40% of revenue.
