Promoter Kurjibhai Premjibhai Rupareliya has disclosed the sale of shares in Aqylon Nexus Limited (formerly known as Sri Adhikari Brothers Television Networks Limited) through an open market transaction. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was submitted to both BSE Limited and the National Stock Exchange of India Limited.

Details of the Share Disposal

The transaction was executed on 07-05-2026, with Kurjibhai Premjibhai Rupareliya selling 50,88,883 equity shares, equivalent to 2.00% of the total share and voting capital of Aqylon Nexus. The mode of sale was through the open market. The equity share capital of the company remained unchanged at 25,37,30,560 equity shares of Rs. 1/- each both before and after the transaction.

The table below summarises the key details of the disposal:

Shareholding Before and After the Disposal

Prior to the sale, Kurjibhai Premjibhai Rupareliya held 10,78,15,762 shares carrying voting rights, representing 42.49% of the total share capital. Additionally, 2,90,00,000 shares (11.43%) were held in the nature of encumbrance. His aggregate holding, including encumbered shares, stood at 13,68,15,762 shares or 53.92% of the total share and voting capital.

Following the disposal, his direct shareholding carrying voting rights declined to 10,27,26,879 shares, or 40.49%. The encumbered shareholding remained unchanged at 2,90,00,000 shares (11.43%), bringing his total post-disposal holding to 13,17,26,879 shares or 51.92% of the total share and voting capital.

The table below provides a comparative view of the promoter's shareholding:

Regulatory Disclosure

The disclosure was filed by Kurjibhai Premjibhai Rupareliya, who is identified as belonging to the promoter/promoter group of Aqylon Nexus. The filing was addressed to the Manager – CRD at BSE Limited and the Manager – Listing at the National Stock Exchange of India Limited, in compliance with the applicable SEBI takeover regulations. No voting rights otherwise than by shares, and no warrants or convertible securities, were involved in the transaction.

Aqylon Nexus Limited announced the outcomes of its board meeting held on April 11, 2026, where directors approved audited financial results for the quarter and financial year ended March 31, 2026, and made several strategic decisions including international expansion plans. The company has also published these results in newspapers as per regulatory requirements.

Q4FY26 Revenue Growth with Significant Loss

The company demonstrated strong revenue momentum in Q4FY26 with revenue from operations reaching ₹39M compared to ₹14M in Q4FY25, representing a substantial 180% year-over-year growth. However, the quarter resulted in a significant net loss of ₹799.31 lakhs against a profit of ₹12.27 lakhs in the corresponding quarter of the previous year.

Despite revenue growth, EBITDA remained flat at ₹11.00 lakhs compared to the same quarter last year, resulting in significant margin compression from 8.05% to 2.84%. The quarterly performance showed a decline compared to Q3FY26, primarily due to exceptional items worth ₹581.59 lakhs related to write-offs of deposits against income tax demands.

Annual Performance Shows Strong Recovery

Despite the quarterly setback, the company demonstrated a remarkable turnaround in its annual financial performance for FY26:

The company's revenue from operations more than doubled to ₹1,320.44 lakhs in FY26 from ₹601.34 lakhs in the previous year, while total income reached ₹1,360.46 lakhs, representing a substantial increase of 121.30% year-over-year.

UAE Subsidiary Formation for International Expansion

The board approved the incorporation of a wholly owned subsidiary in the United Arab Emirates under the name Aqylon Nexus Holding LLC. This strategic decision follows strong market demand for the company's AI technology products and services.

Leadership Changes and Corporate Developments

Mr. Sripal Reddy Molugu resigned from his position as Independent Director effective April 10, 2026, citing pre-occupancy and other commitments. The board also acknowledged receipt of a proposal from Energon Petroproducts Private Limited expressing intention to sell their entire shareholding of 33,73,690 equity shares, representing 100% of their stake in the company.

Regulatory Compliance and Going Concern

The audited financial results were prepared in accordance with Regulation 33 of the Listing Regulations and approved by the Audit Committee. The company has published these results in Financial Express (English) and Pratakhkal Mumbai (Marathi) newspapers as required under Regulation 30 and 47 of SEBI regulations. The auditor's report highlighted material uncertainty relating to going concern due to accumulated losses resulting in negative net worth and the absence of long-term IT service contracts.