Azad India Mobility Ltd — Important, 25-08-2025: Company Update

Azad India Mobility Limited's Board has approved the allotment of 51,45,000 equity shares to shareholders who converted their warrants. Each share was issued at Rs. 16, resulting in a total value of approximately 8.23 Cr from this conversion. This decision significantly increases the company's paid-up equity capital, moving it from 49.30 Cr to 54.44 Cr. This capital expansion reflects the successful exercise of warrants, strengthening the company's equity base.