Aion-Tech Appoints New CEO, Invests ₹8 Crore in Subsidiaries
Aion-Tech Solutions approved Q3 FY26 results. Appointed Biju Mathews as CEO & KMP and Dr. Karthik Sanjay Ponnapula as Additional Director. The company will invest up to ₹5 crore in Rogit Greenfleet Digital Solutions and ₹3 crore in GTL Aion IT Solutions LLC. A corporate guarantee of ₹5 crore was approved for ETO Motors.
The appointments of key personnel and strategic investments in subsidiaries are important for the company's future growth and operations, impacting its strategic direction.
The appointment of a new CEO and significant investments in subsidiaries indicate positive growth and strategic direction for the company.
AION-TECH SOLUTIONS LIMITED (formerly Goldstone Technologies Limited) announced outcomes from 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.
Key appointments were made: Mr. Biju Mathews was appointed as President and Chief Executive Officer and Wholetime Key Managerial Personnel (KMP), effective February 11, 2026, for a term of two years, subject to member 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 investments in its subsidiaries. An investment of up to ₹5 crore (Rupees Five Crore only) was approved for Rogit Greenfleet Digital Solutions Private Limited, a Wholly Owned Subsidiary. Additionally, an investment equivalent to ₹3 crore (Rupees Three Crore only) was approved for GTL Aion IT Solutions LLC, a subsidiary in Dubai, by way of equity or debt.
Furthermore, the Board accorded approval for providing a corporate guarantee in favor of ICICI Bank for an overdraft facility of ₹5 crore sanctioned to ETO Motors Private Limited, a subsidiary of the Company.
The Board Meeting commenced at 5:00 p.m. and concluded at 5:45 p.m.
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