Azad Engineering Limited — Board Meeting, 03-01-2025: Outcome of Board Meeting

The Board of Directors has approved significant strategic decisions, including raising funds through the issuance of equity shares and other securities up to ₹1,000 crore. Additionally, they approved an employee stock option scheme to reward performance and align employee interests with company growth. The board appointed Mr. Murali Krishna Bhupatiraju as Managing Director and Mr. Deepak Kabra as Independent Director, both effective from January 03, 2025, pending shareholder approval. These actions indicate a commitment to enhancing operational leadership and aligning with future growth initiatives.