Aion tech solutions Limited announced its Q3FY26 quarterly results for the third quarter ended December 31, 2025, alongside significant leadership appointments and strategic investment approvals during its Board meeting held on February 11, 2026.

Financial Performance Overview

The company delivered strong standalone financial results for Q3FY26, demonstrating robust operational performance across key metrics.

On a consolidated basis, the company reported revenue from operations of ₹405.92 million for Q3FY26 compared to ₹221.05 million in Q3FY25, reflecting significant growth driven by the E-Vehicle Mobility segment.

Segment-wise Performance

The company's business segments showed varied performance during the quarter:

The Software License segment emerged as the primary growth driver, while the newly added E-Vehicle Mobility segment contributed significantly to consolidated revenues.

Key Leadership Appointments

The Board made two strategic appointments to strengthen the company's leadership structure:

CEO Appointment

Mr. Biju Mathews brings extensive experience in building and scaling technology businesses across enterprise software, data-driven platforms, and EV mobility solutions.

Board Addition

Dr. Ponnapula is recognized as a leading player in the electric vehicle industry with deep expertise in sustainability and innovation.

Strategic Investment Approvals

The Board approved significant investments totaling ₹8.00 crore across two subsidiary companies:

Roqit Greenfleet Investment

Roqit Greenfleet, incorporated in December 2024, focuses on developing technology for zero-emission fleets in EV and Hydrogen mobility sectors.

Dubai Subsidiary Investment

Additional Corporate Actions

The company also approved providing a corporate guarantee in favor of ICICI Bank for an overdraft facility of ₹5.00 crore sanctioned to ETO Motors Private Limited, its subsidiary in the mobility sector.

During the quarter, the company's equity shareholding in ETO Motors changed from 58.51% to 56.29% following conversion of inter-corporate deposits into equity shares.

Exceptional Items Impact

The company recorded an exceptional charge of ₹4.28 million related to the statutory impact of new Labour Codes implemented by the Government of India in November 2025, primarily affecting gratuity calculations due to changes in wage definitions.

Aion Tech Solutions Limited has announced a strategic partnership with Theorems AD, a Bulgaria-based technology company, through the execution of a Memorandum of Understanding (MoU). The collaboration focuses on developing advanced mobility solutions for Indian cities, leveraging artificial intelligence and technology to improve urban transportation systems.

Strategic Partnership and Pilot Implementation

The MoU establishes a comprehensive collaboration between the two companies to jointly develop, deploy, and scale multimodal mobility integration solutions across Indian cities. As an initial phase, First-Middle-Last Mile (FMLM) mobility integration pilots will be launched in Telangana and Karnataka, focusing on demand-responsive EV feeder services connected to high-traffic metro and bus corridors.

Technology Integration and AI-Driven Platform

The partnership will focus on deploying a city-and state-scale multimodal transport orchestration platform that integrates metro rail, bus networks, EV fleets, parking infrastructure, and urban mobility data into a unified operational framework. Using AI-and data-driven intelligence, the platform will enable demand forecasting, EV utilisation optimisation, congestion management, and real-time operational visibility for transport authorities and operators.

During the pilot phase, EV fleets will be integrated with real-time data and analytics to optimise routing, charging operations, and service planning. Performance will be measured through key indicators including ridership growth, service coverage, fleet utilisation, and carbon reduction.

Subsidiary-Led Execution Framework

Aion Tech Solutions will anchor execution in India through its subsidiaries in a structured approach:

Leadership Perspectives

Chanakya Bellam Radhakrishna, Director at Aion Tech Solutions Limited, stated that the collaboration marks an important step in their mission to build intelligent, integrated, and scalable mobility ecosystems for Indian cities. By combining Theorems AD's global orchestration expertise with the on-ground execution capabilities of their subsidiaries, they aim to strengthen first-middle-last mile connectivity and deliver measurable sustainability outcomes.

Hristo Popov, CBO of Theorems AD, highlighted India as one of the most dynamic and complex urban mobility markets globally. The partnership enables them to localise their platform and deploy real-world pilots that showcase the impact of integrated data, AI-driven optimisation and coordinated EV operations at scale.

Regulatory Compliance and Future Expansion

Aion Tech Solutions has disclosed this partnership under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Following successful pilots, the partners plan to jointly engage with transport corporations, metro rail agencies, and urban development bodies to scale the solution across additional cities and states, creating replicable models aligned with India's Smart Cities and sustainable mobility initiatives.