Azad Engineering Limited — Others, 03-01-2025: Appointment

Azad Engineering has announced a board meeting, where key decisions were made including plans to raise funds through the issuance of securities up to ₹1,000 crores. The company will seek shareholder approval for this initiative at an extraordinary general meeting. Additionally, Mr. Murali Krishna Bhupatiraju has been appointed as Managing Director, effective immediately, and Mr. Deepak Kabra as Independent Director, both subject to shareholder approval. These strategic appointments and capital-raising efforts are expected to enhance operational capacity and governance, which may positively influence investor sentiment.