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Aqylon Nexus clears FY26 results, plans UAE subsidiary amid potential ownership change

Story Highlights
  • Aqylon Nexus approved its FY26 audited results and is evaluating a proposal for the sale of 100 percent of its share capital.
  • The company will set up a wholly owned UAE subsidiary to expand its AI business, while an independent director has resigned.
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Aqylon Nexus clears FY26 results, plans UAE subsidiary amid potential ownership change

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An announcement from Sri Adhikari Brothers Television Network Limited ( (IN:AQYLON) ) is now available.

Aqylon Nexus Limited’s board has approved audited financial results for the quarter and year ended March 31, 2026, reinforcing regulatory compliance and providing clarity to investors on its financial position. The board also acknowledged a proposal from Energon Petroproducts Private Limited to sell its entire 33,73,690-share holding, representing 100% of the company’s share capital, with further disclosures to follow once a final decision is made.

In a move to capitalize on strong demand for its AI technology products and services, the company will incorporate a wholly owned subsidiary, Aqylon Nexus Holding LLC, in the Ras Al Khaimah Economic Zone in the UAE to drive international expansion. Governance changes continue as Independent Director Sripal Reddy Molugu resigned effective April 10, 2026, citing pre-occupancy and other commitments, with the board noting no other material reasons for his departure.

More about Sri Adhikari Brothers Television Network Limited

Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Network Limited, operates in the technology sector with a growing focus on AI technology products and services. The company is expanding its market presence beyond India, targeting the United Arab Emirates as a key growth market for its offerings.

Average Trading Volume: 133,568

Technical Sentiment Signal: Sell

Current Market Cap: 12.05B INR

For detailed information about AQYLON stock, go to TipRanks’ Stock Analysis page.

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