Aion-Tech Allotted 52.1 Lakh Shares in ROQIT Against ₹5.21 Cr Product Transfer
By Shishta Dutta | Published at: Jul 2, 2025 04:29 PM IST
Hyderabad, July 2 – Aion-Tech Solutions Ltd (NSE: GOLDTECH, BSE: 531439) has revealed the allotment of 52.10 lakh equity shares by its wholly-owned subsidiary ROQIT Greenfleet Digital Solutions Pvt Ltd against product development capital transfer of ₹5.21 crore, under Regulation 30 of SEBI LODR, 2015.
The share price of Aion Tech is down 4.93% today, trading at ₹72.25 per share.
ROQIT is a Wholly Owned Subsidiary of Aion-Tech Solutions Ltd. Based on the issue of shares, the Company’s holding in ROQIT would increase. Although there is no actual outflow of funds by the company, the problem persists. The Company would own the ROQIT Product.
Strategic Capitalisation and Share Allotment
Aion-Tech had invested ₹5.21 crore toward the development of the “ROQIT” product, focused on fleet and asset management solutions for zero-emission mobility. As of March 31, 2025, the company capitalised this investment as a capital asset. Upon transferring the asset to ROQIT, ROQIT allotted 52,10,000 shares at ₹10 each on July 2, 2025.
With this allotment, Aion-Tech’s total investment in ROQIT stands at ₹6.35 crore, and the company retains 100% equity ownership in its subsidiary.
Shareholding Impact
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Total Investment (₹ Cr) | 1.14 | 6.35 |
| No. of Shares Held | 12,40,000 | 64,50,000 |
| % Shareholding | 100% | 100% |
Allotment Details
| Action | Details |
|---|---|
| No. of Shares Allotted | 52,10,000 |
| Face Value per Share | ₹10 |
| Consideration Type | Non-cash (Product Transfer) |
| Asset Transferred | ROQIT Product |
| Total Value Capitalized | ₹5.21 crore |
| Regulation Invoked | SEBI LODR Reg. 30 |
ROQIT’s Vision and Growth Strategy
ROQIT Greenfleet Digital Solutions Pvt Ltd, incorporated on December 19, 2024, is developing a modular digital platform catering to the zero-emission fleet and hydrogen mobility segments. While it has yet to commence revenue generation, the company has completed multiple pilot and PoC engagements and is preparing for commercial rollout.
No external approvals were required for the allotment, as the transaction falls under a related-party transaction with prior board approval in place. The acquisition is structured at arm’s length, with no involvement by the promoter group outside the parent company.
Management Commentary
“The product developed under ROQIT is now ready for market launch. This transaction not only reinforces our commitment to digital mobility platforms but also strengthens the ownership of IP developed within the group,” said Adalat Srikanth, Company Secretary, Aion-Tech Solutions Ltd.
REF: https://nsearchives.nseindia.com/corporate/GOLDTECH_02072025144655_SE_intimation-REG_30.pdf
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