Aqylon Nexus Limited, in its Board Meeting held on May 20, 2026, officially acknowledged receipt of proposals from M/s E Trav Tech Limited and M/s Rribada Films Private Limited, both of whom have expressed their intentions to sell their respective shareholdings of 51% or more in the Company. Furthermore, the Board formally accepted the resignation of Mr. Suresh Govind Khilari from his position as Chief Financial Officer (CFO), effective from the close of business hours on May 20, 2026.

The aforementioned proposals regarding the potential sale of significant shareholdings represent a noteworthy development in the company’s equity structure, pending a final decision by the Board of Directors. Regarding the leadership transition, Mr. Khilari submitted his resignation citing personal reasons, and the company has duly noted this change in accordance with regulatory requirements.

Formerly known as Sri Adhikari Brothers Television Network Limited, Aqylon Nexus Limited has evolved into a global technology conglomerate. The company is currently focused on driving innovation across sectors including space technology, artificial intelligence, and semiconductor design. Recent updates indicate the company’s ongoing efforts to expand its global footprint, including initiatives in the UAE, while navigating changes in its management team and strategic partnerships.

Regarding financial performance, while the current notice focuses on board outcomes, reports for the year ended March 2026 indicate a significant turnaround for the company, with a net profit of Rs 5.76 crore compared to a net loss of Rs 22.37 crore in the previous year. Sales for the full year rose 119.63% to Rs 13.20 crore from Rs 6.01 crore in the previous year. The company’s shareholding pattern notably includes prominent investors such as Kurjibhai Premjibhai Rupareliya, who holds a 58.33% stake, alongside institutional investors like Sera Investments & Finance India Ltd. and Leading Leasing Finance & Investment Company Ltd.