AION-TECH SOLUTIONS LIMITED Appoints New Directors and CEO
March 17, 2026 – AION-TECH SOLUTIONS LIMITED announced the appointment of Dr. Karthik Sanjay Ponnapula, Mr. Biju Mathews, and Mr. Chanakya Bellam Radha Krishna to its board and executive leadership. The appointments were approved by shareholders at a postal ballot, with results announced on March 17, 2026.Dr. Karthik Sanjay Ponnapula (DIN: 08885958) has been appointed as a Non-Executive and Non-Independent Director, effective March 16, 2026. He is liable to retire by rotation. He is described as an esteemed member of the Board of Directors and Investor, with experience in the electric vehicle industry.
Mr. Biju Mathews has been appointed as President and Chief Executive Officer (CEO) of the company, effective March 16, 2026, for a period of two years. He is also a Wholetime Key Managerial Personnel (KMP). Mr. Mathews brings a track record of building, scaling, and transforming technology businesses.
Mr. Chanakya Bellam Radha Krishna (DIN: 02642002) has been appointed as a Non-Executive and Non-Independent Director, effective March 16, 2026. He is liable to retire by rotation. He is a seasoned business leader with experience spanning corporate strategy, marketing, fundraising, and business development.
Here’s a summary of the appointments:
| Particulars | Dr. Karthik S. Ponnapula | Mr. Biju Mathews | Mr. Chanakya B. Radha Krishna |
|---|---|---|---|
| Reason For Change - Appointment | Appointment as Non-Executive and Non-Independent Director | Appointment as President & Chief Executive Officer (CEO) and KMP | Appointment as Non-Executive and Non-Independent Director |
| Date of appointment and Term | Effective March 16, 2026; liable to retire by rotation | Effective March 16, 2026, for a period of 2 years | Effective March 16, 2026; liable to retire by rotation |
| Brief Profile | Esteemed member of the Board of Directors and Investor in the electric vehicle industry. | Proven business leader with a track record of building and scaling technology businesses. | Seasoned business leader with experience in corporate strategy, marketing, fundraising, and business development. |
| Shareholding in the Company | 11,22,000 equity shares | Nil | Nil |
| Debarred from Holding Office | Not Applicable | Not Applicable | Not Applicable |
The company’s registered office is located at 9th Floor, Block 1, My Home Hub, Hitech City, Madhapur, Hyderabad, Telangana – 500 081.
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