Quarterly Result11 April 2026 at 11:51 am
Aqylon Nexus Q4/FY26 Results, UAE Subsidiary, Director Resigns
AI Summary
Aqylon Nexus Ltd. announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board also approved the incorporation of a Wholly Owned Subsidiary, Aqylon Nexus Holding LLC, in Ras Al Khaimah Economic Zone Authority, UAE, to expand its AI Technology Products and Services due to strong market demand. Additionally, Mr. Sripal Reddy Molugu resigned as an Independent Director effective April 10, 2026. The Board acknowledged a proposal from M/s Energon Petroproducts Private Limited to sell its entire 100% shareholding of 33,73,690 equity shares, authorizing the Managing Director to take necessary actions.
Key Highlights
- Approved audited financial results for Q4 and FY26.
- Incorporating a 100% owned subsidiary in UAE for AI tech expansion.
- Independent Director Sripal Reddy Molugu resigned.
- Board received proposal for 100% shareholding sale by Energon Petroproducts.
- Company will disclose final decision on share sale proposal.