Azad India Mobility Ltd — Updates, 07-08-2025: Company Update

Azad India Mobility Limited has successfully raised Rs. 52.11 Cr through a preferential issue to fuel its strategic initiatives. These funds are earmarked for a combination of capital expenditure, supporting growth plans, fulfilling working capital requirements, repaying loans, making investments, and for general corporate purposes. The company has confirmed there is no deviation from the intended use of these funds. Currently, Rs. 10 Cr has been utilized, demonstrating progress in deploying capital towards its stated business objectives.