Aeonx Digital Technology Ltd Share Price

History of Aeonx Digital Technology Ltd

Aeonx Digital Technology Limited, formerly known as 'Ashok Alco-Chem Limited' is promoted by Mr. Manan Shah and Aura Alkalies and Chemicals Private Limited. Incorporated in November, 1992, the Company forms a part of the Ashok Organics Group. The Company has changed its object clause by adding business activity Information Technology and related activities alongside its existing business activities. Consequently, the name of the Company has been changed from Ashok Alco-Chem Limited to Aeonx th Digital Technology Limited effective from 29 December, 2023. Aura Alkalies and Chemicals Private Limited is the Holding Company of the Company by holding 25,18,632 Equity Shares of the Company i.e. 54.75% as on March 31, 2025. The Company was engaged in the business of chemicals and trading of min ...erals and related activities. As part of its diversification strategy, the Company had already invested in an IT company called 'Aeonx Digital Solutions Private Limited', which is its wholly owned subsidiary. In a strategic move to realign and re-segment, the Company into a fully software technology and cloud company, its object clause has been changed to include business activities related to Information Technology. The Company acquired a distillery to manufacture industrial alcohol, and an acetic acid plant, set up by Ashok Organic Industries, the flagship of the group, for the specific purpose of handing it over to company on 1 Apr.'93. Its entire production of industrial alcohol is used captively to manufacture alcohol-based chemicals, including acetic acid. Acetic acid, known as a universal solvent, finds application in a variety of industries such as textiles, food processing, dyes, plastics, paper, bulk drugs and pharmaceuticals. Ashok Alo-Chem's reputed customers include Colour-Chem (India), Indian Dyestuff, Reliance Industries, E Merck and Vinyl Chemicals. In 1994-95, the company commissioned a bio-gas effluent treatment plant to produce methane gas in technical collaboration with Aqua Technos, Bangkok, and modernised its distillery. The modernisation involved a change from the batch-processing to the continuous fermentation process which enhanced the yield per tonne of molasses by 20%. The projects were financed partly by a public issue in May '94. The capacities of both units were increased by 50%; the distillery to 1 cr ltr and acetic acid to 9000 TPA. The Company's expansion Acetic Acid Unit & Ester Unit got commissioned in March, 1999. The Company acquired 10,000 Equity Shares with beneficial interest held with the Company of Ashwa Minerals Private Limited, on March 31, 2016 and accordingly, it became wholly-owned subsidiary of the Company. The Company made its first entry into the IT business in 2020, led by a seasoned and diverse team. It began as SAP consultants and quickly expanded to offer comprehensive ERP consulting, IT strategies, system integration, and problem-solving solutions. The Company marked a milestone for digital technology services in FY 2024-25. The convergence of cloud computing, AI, IoT, and industry-specific SaaS products has created a modus operandi in prioritizing platform led transformation over isolated technology deployments, seeking partners to integrate strategy, execution and managed services.