Aeonx Digital Technology Ltd, a player in the digital technology sector, has received a significant boost for its capital raising plans. The company announced that it has secured in-principle approval from the Bombay Stock Exchange (BSE) for a proposed preferential issue of convertible warrants.

Key Details of the Approval

Regulatory Compliance

The company disclosed this development in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. This transparency aligns with the regulatory framework governing listed entities in India.

Official Communication

According to the LODR filing made by Aeonx Digital Technology Ltd on September 9, 2025:

"The Company has received In-principal approval from BSE Limited vide their letter bearing No. LOD/PREF/TT/FIP/844/2025-26 on September 08, 2025 for issue of 2,41,000 warrants convertible into 2,41,000 equity shares of the Company."

Implications for Investors

This approval marks a crucial step for Aeonx Digital Technology in its capital raising efforts. The convertible warrants, once issued and subsequently converted, have the potential to increase the company's equity base. Investors and market watchers will likely keep a close eye on how the company utilizes the proceeds from this issue and its impact on the company's growth strategy.

Next Steps

While the in-principle approval is a positive development, the company will need to complete the actual issuance process, which typically involves:

• Determining the issue price
• Identifying the allottees
• Obtaining necessary shareholder approvals, if not already in place

As the digital technology landscape continues to evolve rapidly, Aeonx Digital Technology's move to raise capital through this instrument could be seen as a strategic step to fuel its growth plans or strengthen its market position. Stakeholders will await further details on the utilization of funds and the timeline for the warrant conversion in the coming months.

Aeonx Digital Technology , formerly known as Ashok Alco-Chem Limited, a company operating in the Sale of Product and IT Services segments, has announced its financial results for the quarter and year ended March 31, 2022, along with key corporate decisions.

Financial Performance

The company reported consolidated net sales of Rs. 2,057.49 lakhs for the fiscal year ended March 31, 2022, compared to Rs. 2,699.50 lakhs in the previous year, indicating a decrease in revenue. Despite the decline in sales, the Board of Directors has approved the audited standalone and consolidated financial results for the period.

Dividend Announcement

In a move that may interest shareholders, the Board of Directors has recommended a dividend of 5%, which translates to Re. 0.50 per equity share with a face value of Rs. 10 each. This dividend payout is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Appointment of New Statutory Auditors

The Board has also made a significant decision regarding the company's auditing process. M/s R. A. Kuvadia & Co, Chartered Accountants, have been appointed as the new Statutory Auditors for the company. Their term is set for five years, spanning from the 30th AGM to the 35th AGM, which is scheduled to be held in 2027. This appointment is pending shareholder approval.

Audit Opinion

It's worth noting that the auditors have issued an unmodified opinion on the financial results, which generally indicates that the financial statements present a true and fair view of the company's affairs.

Segment Operations

Aeonx Digital Technology operates in two primary segments:

1. Sale of Product
2. IT Services

This diversification in operations allows the company to maintain multiple revenue streams.

While the company has seen a decrease in net sales compared to the previous year, the decision to recommend a dividend suggests a commitment to shareholder returns. Investors and stakeholders will likely be watching closely to see how Aeonx Digital Technology navigates the challenges and opportunities in its operating segments in the coming fiscal year.