Azad India Mobility Ltd — Insider Trade, 01-01-1970: Insider Trading / SAST

A group of individuals and Persons Acting in Concert (PACs) has increased their equity holding in Azad India Mobility Limited. This was achieved by converting 58,75,000 previously held warrants into equity shares via a preferential allotment. This exercise has resulted in the company's equity share capital growing from Rs. 40.49 Cr to Rs. 49.29 Cr. Post-conversion, the PACs' combined stake in the company's expanded equity base stands at 19.77%, or 17.91% on a fully diluted basis. This transaction signifies the warrant holders exercising their rights, thereby increasing the company's paid-up capital and adjusting existing ownership percentages.