Aqylon Nexus Limited has formally disclosed the execution of a Memorandum of Understanding with AITMC Ventures Private Limited under Regulation 30 of SEBI listing regulations. The strategic partnership aims to establish a comprehensive AI skills training program across India, with particular emphasis on non-metropolitan cities, towns, and rural areas.

Training Program Infrastructure

The collaboration establishes an extensive training network designed to address India's growing demand for AI professionals. The program leverages AITMC Ventures' existing infrastructure and Aqylon's AI Code Platform to deliver practical, income-linked education.

Career Opportunities and Income Generation

The program is designed to enable trained candidates to generate income through various AI-related professions. The curriculum focuses on practical skills that align with current market demands and emerging technology trends.

Government Alignment and Regulatory Framework

The initiative aligns with several national government programs including the National Entrepreneurship Drive, NSDC programmes, Digital India, and Skill India. The MOU outlines a broad framework for cooperation and does not constitute a legally binding agreement, with any definitive agreements subject to mutual consent and regulatory compliance.

The partnership represents a scalable model that can be extended to additional centres and states over time, contributing to India's digital transformation goals while creating pathways for career advancement in emerging technology fields for youth in underserved communities.

Aqylon nexus promoter Kurjibhai Premjibhai Rupareliya has pledged 40,00,000 equity shares of the company to Motilal Oswal Finvest Limited on March 24, 2026. The disclosure was made in compliance with Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Pledge Details

The pledged shares represent 1.58% of the total share capital of Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Network Limited. The transaction involves additional pledging of shares against an existing loan of Rs. 100/- taken on January 1, 2026.

Promoter Holdings and Encumbrance Status

Kurjibhai Premjibhai Rupareliya holds a significant stake in the company with 15,00,02,370 shares, representing 59.12% of the total share capital. Prior to this transaction, the promoter had already encumbered 2,50,00,000 shares, which constituted 9.85% of the total share capital.

Regulatory Compliance

The disclosure confirms that the encumbered shares do not exceed 50% of the promoter's shareholding and remain below 20% of the total share capital. The company's shares are listed on both the National Stock Exchange of India Limited (Symbol: AQYLON) and BSE Limited (Scrip Code: 530943).

Financial Institution Details

Motilal Oswal Finvest Limited, the pledgee, is classified as a Non-Banking Financial Company (NBFC). The value of the pledged shares on the date of the transaction was Rs. 23.52 crores. The disclosure indicates that neither the listed entity nor any of its group companies are involved in this transaction, as the funds are intended for the promoter's personal use.

Company Information

Aqylon Nexus Limited, with CIN L62090MH1994PLC083853, has its registered office at 6th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai – 400 053. The company was formerly known as Sri Adhikari Brothers Television Network Limited.