Quarterly Updates11 April 2026 at 11:51 am
Aqylon Nexus approves Q4/FY26 results, incorporates UAE WOS
AI Summary
Aqylon Nexus Ltd.'s Board of Directors approved the Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the Auditor’s Report. The Board also sanctioned the incorporation of a Wholly Owned Subsidiary, M/s Aqylon Nexus Holding LLC, in the Ras Al Khaimah Economic Zone Authority, UAE, to expand its international footprint for AI Technology Products and Services. Additionally, Mr. Sripal Reddy Molugu resigned as an Independent Director. The Board acknowledged a proposal from M/s Energon Petroproducts Private Limited to sell its entire 100% shareholding in Aqylon Nexus and authorized the Managing Director to take necessary actions.
Key Highlights
- Board approved Audited Financial Results for Q4 and FY ended March 31, 2026.
- Company to incorporate a Wholly Owned Subsidiary in UAE for international expansion.
- Independent Director Mr. Sripal Reddy Molugu resigned effective April 10, 2026.
- Board acknowledged proposal from Energon Petroproducts to sell 100% shareholding.