GOLDTECH - Aion-Tech Soluti
📢 Recent Corporate Announcements
Aion-Tech Solutions has infused an additional Rs 1.3 crore into its wholly-owned subsidiary, ROQIT Greenfleet Digital Solutions, bringing its total investment in the unit to Rs 9.8 crore. ROQIT is a specialized platform company focusing on modular technology for zero-emission fleets in the EV and Hydrogen mobility sectors. Although the subsidiary is currently in a pre-revenue stage, it has successfully completed pilot programs and Proof-of-Concept (PoC) engagements. The fresh capital will be utilized to fund operational expenses and accelerate the development of its fleet management modules.
- Further equity investment of Rs 1.3 crore in wholly-owned subsidiary ROQIT Greenfleet.
- Total cumulative investment in the subsidiary now stands at Rs 9.80 crore.
- ROQIT focuses on modular architecture for EV and Hydrogen mobility fleet management.
- Subsidiary is currently in the pre-revenue stage, focusing on commercializing successful PoCs.
- Investment made at face value of Rs 10 per share via a rights issue.
AION-TECH Solutions Limited (formerly Goldstone Technologies) has issued a postal ballot notice to seek shareholder approval for key leadership appointments. The primary resolution involves appointing Mr. Biju Mathews as President and CEO for a two-year term with an annual remuneration of ₹90 lakhs. Additionally, the company seeks to appoint Dr. Karthik Sanjay Ponnapula and Mr. Chanakya Bellam Radha Krishna as Non-Executive Non-Independent Directors. Shareholders can cast their votes via e-voting between February 15 and March 16, 2026, with final results expected by March 18, 2026.
- Appointment of Mr. Biju Mathews as President & CEO for a 2-year tenure effective February 11, 2026
- Proposed annual remuneration for the new CEO is set at ₹90,00,000 (INR 90 Lakhs)
- Appointment of two Non-Executive Non-Independent Directors to strengthen the board structure
- Remote e-voting period scheduled from February 15, 2026, to March 16, 2026
- Results of the postal ballot to be declared on or before March 18, 2026
Aion-Tech Solutions reported a significant turnaround in Q3 FY26 with a standalone PAT of ₹20.03 million, compared to a loss of ₹0.2 million in the same quarter last year. The company announced the appointment of Biju Mathews as the new CEO and approved fresh investments totaling ₹8 crore into its digital solutions and Dubai-based subsidiaries. Additionally, the board approved a corporate guarantee for its subsidiary ETO Motors, which saw a slight dilution in the company's stake to 56.29% following an ICD conversion. Revenue from operations grew to ₹291.24 million, driven largely by software license resale.
- Standalone Revenue grew to ₹291.24 million in Q3 FY26 from ₹225.6 million YoY.
- Net Profit (PAT) turned positive at ₹20.03 million versus a loss of ₹0.2 million in Q3 FY25.
- Approved ₹5 crore investment in Rogit Greenfleet and ₹3 crore in Dubai-based GTL Aion IT Solutions.
- Appointed Biju Mathews as President and CEO effective February 11, 2026.
- Stake in ETO Motors Private Limited adjusted to 56.29% following conversion of 7,32,608 shares.
Aion-Tech Solutions reported a significant turnaround in its Q3 FY26 standalone results, with net profit jumping to ₹20.03 million from a near-break-even ₹0.02 million in the previous year's quarter. The company has appointed Biju Mathews as the new President and CEO to lead its strategic initiatives. Furthermore, the board approved a combined investment of ₹8 crore into its Indian and Dubai-based subsidiaries to fuel expansion. The company also extended a corporate guarantee for its subsidiary, ETO Motors, to support its debt requirements.
- Standalone Revenue from Operations increased to ₹291.24 million in Q3 FY26, up from ₹221.56 million YoY.
- Net Profit (PAT) saw a massive surge to ₹20.03 million compared to ₹0.02 million in Q3 FY25.
- Approved investment of ₹5 crore in Rogit Greenfleet Digital Solutions and ₹3 crore in Dubai-based GTL Aion IT Solutions.
- Biju Mathews appointed as President and CEO effective February 11, 2026.
- Software License Resale segment contributed the bulk of revenue at ₹261.55 million for the quarter.
Aion-Tech Solutions reported a strong performance for Q3 FY26, with Revenue from Operations reaching ₹291.24 million, a 31% increase compared to ₹221.56 million in the same quarter last year. The company achieved a Net Profit (PAT) of ₹25.03 million, marking a significant turnaround from a loss of ₹0.21 million in Q3 FY25. The Board approved fresh investments totaling ₹8 crore into its Indian and Dubai subsidiaries to support expansion. Additionally, the company strengthened its leadership by appointing Biju Mathews as the new President and CEO.
- Revenue from operations grew to ₹291.24 million in Q3 FY26 from ₹221.56 million in Q3 FY25.
- Net Profit (PAT) stood at ₹25.03 million versus a loss of ₹0.21 million in the year-ago period.
- Approved ₹5 crore investment in Roqit Greenfleet and ₹3 crore in Dubai-based GTL Aion IT Solutions.
- Appointed Biju Mathews as President and CEO and Dr. Karthik Sanjay Ponnapula as Additional Director.
- Provided a corporate guarantee for a loan from ICICI Bank for subsidiary ETO Motors Private Limited.
Aion-Tech Solutions Limited reported a robust Q3 FY26 performance with a net profit of ₹20.83 million, a significant turnaround from ₹2.02 million in the same quarter last year. Revenue from operations rose to ₹291.24 million, primarily driven by software license resale which contributed ₹261.55 million. The company is aggressively expanding, approving ₹8 crore in total investments for its Indian and Dubai subsidiaries. Additionally, the board has strengthened leadership by appointing Biju Mathews as the new President and CEO.
- Net Profit (PAT) surged to ₹20.83 million in Q3 FY26 from ₹2.02 million YoY.
- Revenue from operations grew to ₹291.24 million, up from ₹225.61 million in the previous year's quarter.
- Approved ₹5 crore investment in Rogit Greenfleet and ₹3 crore in Dubai-based GTL Aion IT Solutions.
- Appointed Biju Mathews as President and CEO and Dr. Karthik Sanjay Ponnapula as Non-Executive Director.
- Recognized an exceptional item of ₹4.28 million related to the statutory impact of new Labour Codes.
Aion-Tech Solutions reported a standalone net profit of ₹20.03 million for Q3 FY26, a significant turnaround from a loss of ₹0.82 million in the same period last year. The company has appointed Mr. Biju Mathews as President and CEO to lead its strategic initiatives. Furthermore, the board approved investments totaling ₹8 crore into its Indian and Dubai-based subsidiaries to fuel expansion. The company also increased its stake in ETO Motors Private Limited to 56.29% through the conversion of inter-corporate deposits.
- Standalone Revenue from Operations grew to ₹291.24 million in Q3 FY26 from ₹212.56 million YoY.
- Net Profit (PAT) reached ₹20.03 million for the quarter, recovering from a loss of ₹0.82 million in Q3 FY25.
- Approved ₹5 crore investment in Rogit Greenfleet Digital Solutions and ₹3 crore in Dubai-based GTL Aion IT Solutions LLC.
- Mr. Biju Mathews appointed as President and CEO effective February 11, 2026.
- Equity holding in subsidiary ETO Motors Private Limited increased to 1,97,68,354 shares via ICD conversion.
Aion-Tech Solutions reported a strong financial performance for Q3 FY26, with Profit After Tax (PAT) reaching ₹20.03 million, a significant jump from ₹0.21 million in the same quarter last year. The company has appointed Biju Mathews as the new President and CEO to lead its strategic initiatives. Additionally, the board approved a total investment of ₹8 crore into its domestic and Dubai-based subsidiaries to fuel expansion. The company also provided a corporate guarantee for its subsidiary, ETO Motors, to secure bank financing, indicating active support for its EV-related ventures.
- Revenue from operations increased to ₹291.24 million in Q3 FY26, up from ₹200.27 million in the previous quarter.
- Net Profit (PAT) rose sharply to ₹20.03 million compared to ₹2.09 million in Q2 FY26.
- Approved ₹5 crore investment in Rogit Greenfleet Digital Solutions and ₹3 crore in GTL Aion IT Solutions LLC (Dubai).
- Mr. Biju Mathews appointed as President and CEO effective February 11, 2026.
- Recognized an exceptional item of ₹4.28 million as a statutory impact of new Labour Codes.
Aion-Tech Solutions (formerly Goldstone Technologies) reported a strong Q3 FY26 with standalone PAT reaching ₹20.03 million, a massive jump from ₹0.21 million in the year-ago period. The company has appointed Mr. Biju Mathews as the new President and CEO to drive leadership. Furthermore, the board approved fresh capital infusions of ₹5 crore into Rogit Greenfleet and ₹3 crore into its Dubai subsidiary, GTL Aion IT Solutions, signaling aggressive expansion. The company also extended a corporate guarantee for its subsidiary ETO Motors, despite a slight dilution in its shareholding from 58.51% to 56.29%.
- Standalone Revenue from Operations rose to ₹291.24 million in Q3 FY26 from ₹225.68 million YoY.
- Standalone Profit After Tax (PAT) stood at ₹20.03 million compared to ₹0.21 million in Q3 FY25.
- Approved ₹8 crore total investment in Indian and Dubai-based subsidiaries for digital and IT solutions.
- Appointed Biju Mathews as President and CEO and Dr. Karthik Sanjay Ponnapula as Additional Director.
- Recognized an exceptional item of ₹4.28 million related to the statutory impact of new Labour Codes.
Aion-Tech Solutions Limited (formerly Goldstone Technologies) has filed its Share Capital Audit Report for the quarter ended December 31, 2025. The report confirms that the total issued capital of 52,261,836 shares is fully listed on both BSE and NSE with no discrepancies. Approximately 99.74% of the company's shares are now held in dematerialized form, indicating high liquidity potential. There were no changes in share capital during the quarter and no pending demat requests beyond 21 days.
- Total issued and listed capital stands at 52,261,836 equity shares with a face value of Rs. 10 each.
- 99.74% of total shares are dematerialized, with 78.58% in CDSL and 21.16% in NSDL.
- Zero discrepancies reported between issued capital and listed capital on stock exchanges.
- No new shares were issued via rights, bonus, or preferential allotments during the quarter.
- All demat requests were processed within the stipulated 21-day period.
AION-TECH SOLUTIONS LIMITED has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company confirmed that all securities received for dematerialization were processed within the mandatory 15-day window. The Registrar and Share Transfer Agent, Aarthi Consultants Private Limited, verified that physical certificates were mutilated and cancelled. This routine filing ensures that the company's shareholding records are accurately maintained with the depositories.
- Compliance certificate filed for the quarter ending December 31, 2025
- Dematerialization requests processed within the statutory limit of 15 days
- Physical certificates were mutilated, cancelled, and substituted with depository names in records
- Confirmation provided by Registrar and Share Transfer Agent, Aarthi Consultants Private Limited
Aion-Tech Solutions Limited (GOLDTECH) has announced the closure of its trading window for all designated persons starting January 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the finalization of financial results for the quarter ending December 31, 2025. The trading window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges. This is a standard procedure for listed companies to prevent insider trading during the sensitive period of earnings preparation.
- Trading window for dealing in company securities will be closed effective January 01, 2026.
- The closure is in connection with the financial results for the quarter ending December 31, 2025.
- The window will reopen 48 hours after the financial results are declared to the Stock Exchanges.
- Compliance is maintained under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
AION-Tech Solutions (GOLDTECH) has signed a Memorandum of Understanding (MoU) with Bulgarian firm Theoremus AD to develop AI-led multimodal urban mobility solutions in India. The partnership will launch First-Middle-Last Mile (FMLM) pilots in Telangana and Karnataka, integrating EV fleets with real-time data orchestration. Execution will be driven by AION-Tech's subsidiaries, ETO Motors for EV deployment and ROQIT for digital platforms. This strategic move targets high-growth segments like Smart Cities and sustainable transport, aiming for future contracts with major state transport and metro agencies.
- Strategic MoU signed with Theoremus AD for AI-driven multimodal transport orchestration in India.
- Initial FMLM pilots to be launched in Telangana and Karnataka focusing on EV feeder services for metro and bus corridors.
- Execution anchored through subsidiaries ETO Motors (EV fleets) and ROQIT (digital dashboards and AI tools).
- Targeting future scale-up with major agencies including TSRTC, HMRL, BMTC, and BMRCL.
- Platform features include demand forecasting, EV utilization optimization, and real-time congestion management.
Aion-Tech Solutions has entered into a 12-month strategic Memorandum of Understanding (MoU) with Bulgarian firm Theoremus AD to develop advanced multimodal mobility and EV intelligence solutions. The collaboration aims to integrate metro, bus, and EV fleets into a unified operational layer using AI and data orchestration. Initial pilot projects are scheduled to be deployed in the states of Telangana and Karnataka. This partnership positions the company to address urban congestion and pollution through technology-driven infrastructure in India.
- Strategic collaboration with Theoremus AD to deploy AI-powered multimodal transport orchestration platforms.
- Initial pilot deployments targeted for major urban centers in Telangana and Karnataka.
- Integration of metro, bus, EV fleets, parking, and IoT devices into a unified operational ecosystem.
- The MoU is valid for a period of 12 months starting from December 22, 2025.
AION-TECH SOLUTIONS LIMITED clarified an earlier announcement regarding the resignation of Non-Independent Director, Mr. Clinton Travis Caddell. The company admits it inadvertently missed including Mr. Caddell's resignation letter in the initial announcement on November 12, 2025. The resignation was effective from the date of the next Board Meeting following November 4, 2025. The company has now submitted the resignation letter and regrets the error, reaffirming its commitment to accurate disclosures.
- Resignation of Clinton Travis Caddell, DIN: 01416681, as Director.
- Resignation letter dated November 04, 2025.
- Company failed to submit the resignation letter within seven days of resignation.
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.