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

A group of key individuals, including Rashmi Nimesh Joshi and Dhruvil Nimesh Joshi, has significantly increased their stake in Azad India Mobility Limited. They acquired 58.75 lakh equity shares through the conversion of warrants via a preferential allotment. This conversion notably boosted the company's equity share capital from approximately Rs. 40.49 Cr to Rs. 49.30 Cr. This move demonstrates increased direct ownership by these individuals, potentially signalling long-term commitment to the company's future. The total diluted share capital now stands at about Rs. 54.44 Cr.