Aion Tech Solutions , formerly known as Goldstone Technologies Limited, has announced a strategic partnership with Dharma Media Consultants to enhance its public relations and media presence. The company, listed on both the National Stock Exchange of India (NSE) and BSE Limited, disclosed this development in a regulatory filing.

Partnership Details

Aion Tech Solutions has entered into an agreement with Dharma Media Consultants for comprehensive public relations and media advisory services. The scope of services includes:

• Strategic planning and counsel
• Media engagement
• Organizing participation in events and seminars
• Press release management
• Facilitating media interactions

This partnership extends to Aion Tech Solutions and its subsidiaries, signaling a company-wide approach to strengthening its media presence and public relations efforts.

Key Points of the Agreement

• Shareholding: Dharma Media Consultants holds no shares in Aion Tech Solutions.
• Related Party: The media agency is not related to the promoter or promoter group of Aion Tech Solutions.
• Agreement Terms: Either party can terminate the agreement with one month's written notice. However, Aion Tech Solutions reserves the right to terminate the agreement immediately in case of a material breach by Dharma Media Consultants.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The filing also adheres to the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates detailed disclosures for such agreements.

Company Background

Aion Tech Solutions Limited is headquartered in Hyderabad, Telangana. The company's move to engage a professional media agency suggests a focus on enhancing its market communication and investor relations strategies.

This partnership with Dharma Media Consultants marks a significant step for Aion Tech Solutions in strengthening its media outreach and public relations capabilities, potentially leading to improved visibility and stakeholder communication in the technology sector.

Aion Tech Solutions has announced its financial results for the second quarter and first half of fiscal year 2025, ending September 30, 2024. The company reported a significant increase in profitability, primarily attributed to a substantial gain from a land sale transaction.

Q2 FY2025 Highlights

• Revenue from operations stood at Rs 193.00 crore, compared to Rs 199.99 crore in Q2 FY2024.
• Net profit after tax surged to Rs 138.61 crore, a remarkable increase from Rs 1.89 crore in the same quarter of the previous year.
• The company recorded an exceptional gain of Rs 156.35 crore from the sale of land.

Land Sale Transaction

AION Technologies sold a portion of its land measuring 13,376.23 sq.yd for Rs 196.90 crore to Sri Sai Vishwas Industries Private Limited. This transaction significantly boosted the company's profitability for the quarter.

H1 FY2025 Performance

For the first half of FY2025:

Strategic Investments and Management Changes

The board of AION Technologies has approved several strategic decisions:

1. Investment in New Subsidiary: The company will invest up to Rs 1.69 crore in a new wholly-owned subsidiary named ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED. This subsidiary will focus on zero-emission fleet technology, indicating AION's commitment to sustainable transportation solutions.

2. Appointment of New Company Secretary: Mr. Adalat Srikanth has been appointed as the new Company Secretary & Compliance Officer, effective November 15, 2024. He will replace Mr. Seetepalli Venkat Raghunand, who served as the interim compliance officer.

These financial results and strategic moves demonstrate AION Technologies' efforts to strengthen its financial position and expand into new technological domains. The significant profit from the land sale provides the company with additional resources for future growth and investments in emerging technologies like zero-emission fleet solutions.