Aeonx Digital Technology Limited , formerly known as Ashok Alco-Chem Limited, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved these results on November 11, 2025, revealing a mixed financial performance with notable growth in certain areas.

Financial Highlights

All figures in lakhs

Key Developments

1. Revenue Growth: On a standalone basis, Aeonx Digital Technology reported a quarter-on-quarter increase in revenue from operations, rising from ₹97.77 lakhs in the previous quarter to ₹103.32 lakhs in Q2 FY2026.

2. Consolidated Performance: The consolidated revenue from operations stood at ₹1,052.52 lakhs for the quarter, significantly higher than the standalone figure, indicating substantial contributions from subsidiaries or group companies.

3. Profitability: The company recorded a profit before tax of ₹8.47 lakhs on a standalone basis and ₹55.47 lakhs on a consolidated basis for the quarter.

4. Asset Base: As of September 30, 2025, Aeonx Digital Technology's total assets were reported at ₹8,948.75 lakhs on a standalone basis and ₹9,378.27 lakhs on a consolidated basis.

5. Warrant Allotment: In September 2025, the Board allotted 2,41,000 convertible warrants to promoter member M/s Aura Alkalies and Chemicals Private Limited.

6. Business Segment Focus: The company has identified Information Technology as its primary reportable segment.

Management Actions

The Board of Directors took several key actions during their meeting:

1. Approved the unaudited standalone and consolidated financial results for Q2 and H1 FY2026.
2. Reviewed and accepted the Limited Review Reports on the unaudited financial results, as provided by the statutory auditors, M/s. R A Kuvadia & Co.

The board meeting, which commenced at 1:00 PM on November 11, 2025, concluded at 4:10 PM.

Outlook

Aeonx Digital Technology has shown growth in its standalone revenue and maintained profitability. The significant difference between standalone and consolidated figures suggests that the company's subsidiaries or group entities play a crucial role in its overall financial performance. The focus on Information Technology as the primary business segment may indicate the company's direction for future growth and development.

Aeonx Digital Technology Ltd. has completed significant corporate restructuring with the appointment of a new Chief Financial Officer, following earlier warrant allotments and executive departures.

New CFO Appointment

The Board of Directors appointed Mr. Jitesh Rupani as Chief Financial Officer and Key Managerial Personnel with immediate effect from December 29, 2025. The appointment was made based on recommendations from the Nomination and Remuneration Committee during a board meeting held on the same day.

New CFO Profile

Mr. Jitesh Rupani brings substantial expertise to his new role. He is a qualified Chartered Accountant with 10 years of extensive industrial experience in Finance and Accounts. His professional background demonstrates exceptional leadership in managing diverse functions including Accounts, MIS, and Taxation.

Previous Corporate Actions

Earlier corporate developments included the allotment of 2,41,000 convertible warrants to promoter company Aura Alkalies and Chemicals Private Limited at Rs. 162.85 per warrant. The warrants are convertible into equity shares of Rs. 10 each in one or more tranches, following SEBI (ICDR) Regulations, 2018.

Executive Transition

The new appointment follows the earlier resignation of former CFO Mr. Mahendra Rane, who departed on September 30, 2025, citing personal reasons and pursuit of other opportunities. The company had acknowledged his contributions during his tenure.

Regulatory Compliance

Both appointments and corporate actions were disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance and transparency for investors and market participants.