Aion-Tech Solutions Ltd has appointed M/s. CKS Associates LLP as its Internal Auditor for the financial year 2026-27. The Board of Directors approved the re-appointment during a meeting held on June 26, 2026. The decision ensures continuity in the company's internal audit processes for the upcoming fiscal year.

Appointment Details

The re-appointment of M/s. CKS Associates LLP, Chartered Accountants, was approved by the board. The firm will serve as the Internal Auditor for FY 2026-27. The appointment is effective from June 26, 2026. The firm specializes in Assurance, Advisory, and Taxation services, catering to entrepreneurs, start-ups, and established corporates.

Board Meeting Proceedings

The board meeting commenced at 05:00 p.m. IST and concluded at 05:30 p.m. IST on June 26, 2026. The meeting was convened to discuss and approve the re-appointment of the internal auditor, among other matters. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Auditor Profile and Disclosures

M/s. CKS Associates LLP has affirmed that it has no shareholding in the company. There are no relationships with other directors that require disclosure. The firm operates with a team of qualified professionals across diverse industries, with a client base spread across South Indian states.

Aion-Tech Solutions Limited reported a consolidated revenue of ₹1,350.32 million for the financial year ended March 31, 2026, compared to ₹889.00 million in the previous year. The company recorded a consolidated net profit of ₹10.06 million for FY26, while standalone net profit stood at ₹173.85 million. The Board of Directors approved the annual audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

The statutory auditors, P. Murali & Co., issued an unmodified opinion on the standalone and consolidated financial results. The company reported that the E-Vehicle Mobility segment recorded a loss of ₹165.29 million before tax for the year, while the Information Technology and Software Licenses segments remained profitable. The financial results include the impact of the acquisition of ETO Motors Private Limited in May 2025.

The Board re-constituted the Audit Committee, appointing Mr. Deepankar Tiwari as Chairman and Mrs. Deepa Chandra and Ms. Mounika Pammi as members. The committee also includes Mr. L P Sashikumar as a member.

Financial Performance

The standalone revenue from operations for FY26 was ₹1,001.01 million, an increase from ₹868.09 million in the previous year. Standalone profit after tax for the year was ₹173.85 million, compared to ₹148.13 million in FY25. The basic earnings per share (EPS) for the standalone entity was ₹3.46 for FY26.

On a consolidated basis, total revenue for FY26 was ₹1,396.49 million. Total expenses for the year rose to ₹1,503.03 million. The profit after tax attributable to the owners of the company was ₹80.15 million. The consolidated basic EPS was ₹0.20 for the year.

Key Financial Metrics

Segment Performance

The Information Technology and Software Services segment reported a profit before tax, depreciation, and interest of ₹35.73 million for the year. The Software Licenses Resale segment reported a profit of ₹54.19 million. The E-Vehicle Mobility segment, which includes operations of ETO Motors, reported a loss before tax, depreciation, and interest of ₹165.29 million for the year.

The company noted an exceptional item regarding the statutory impact of new Labour Codes, amounting to a charge of ₹4.28 million for the year ended March 31, 2026. This impact was assessed based on legal opinion and guidance from the Institute of Chartered Accountants of India.