AION-TECH Appoints New CEO, Approves Investments Up To ₹8 Crore
AION-TECH SOLUTIONS LIMITED's board approved Q3 FY26 financial results. Key appointments include Biju Mathews as CEO & KMP and Dr. Karthik Sanjay Ponnapula as Additional Director. The company approved investments of up to ₹5 Crore in Rogit Greenfleet Digital Solutions and ₹3 Crore in GTL Aion IT Solutions LLC. A corporate guarantee was also approved for ETO Motors Private Limited.
The appointment of a new CEO and KMP, along with substantial investments in subsidiaries and a corporate guarantee, are material events that can significantly impact the company's future operations, strategy, and financial performance.
The company reported financial results, made key management appointments, and approved significant investments and a corporate guarantee, indicating positive business development and strategic moves.
AION-TECH SOLUTIONS LIMITED (formerly Goldstone Technologies Limited) announced the outcome of its Board Meeting held on February 11, 2026. The board approved the Standalone and Consolidated Un-Audited Financial Results for the third quarter ended December 31, 2025, along with the Limited Review Report.
In key managerial changes, Mr. Biju Mathews was appointed as President and Chief Executive Officer and Wholetime Key Managerial Personnel (KMP) effective February 11, 2026, subject to shareholder approval. Dr. Karthik Sanjay Ponnapula was appointed as an Additional Director in the capacity of Non-Independent and Non-Executive Director, also effective February 11, 2026.
The company also approved further investment in its Wholly Owned Subsidiary, Rogit Greenfleet Digital Solutions Private Limited, up to ₹5 Crore. Additionally, an investment of ₹3 Crore was approved for GTL Aion IT Solutions LLC, a subsidiary in Dubai, by way of equity or debt. The board also accorded approval for providing a corporate guarantee in favour of ICICI Bank for a loan to be availed by ETO Motors Private Limited, a subsidiary.
The Board Meeting commenced at 05:00 p.m. and concluded at 5:45 p.m.
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