Azad India Mobility Ltd — Updates, 21-05-2025: Company Update

Azad India Mobility Limited has announced there is no deviation or variation in the use of proceeds from its preferential issue of Rs. 53 Cr raised in February 2024. The funds have been utilized as planned for capital expenditure, growth initiatives, working capital, loan repayment, investments, and general corporate purposes. This alignment assures shareholders that the company is executing its intended business strategy without changes in fund deployment.