The Board of Directors of Aion-Tech Solutions Limited has approved the unaudited financial results for the quarter and half-year, reflecting a total revenue of ₹234.02 crore and a loss after tax of ₹2.82 crore.

The company plans to increase its authorized share capital from ₹50 crore to ₹80 crore to facilitate the acquisition of ETO Motors Private Limited, aiming for a controlling stake through a share swap.

This move positions Aion-Tech strategically in the electric mobility sector, potentially enhancing growth opportunities and long-term value for stakeholders.

Investor sentiment may lean positive, anticipating growth in a sustainable market.