Azad India Mobility Ltd

Dematerialisation status

• Dematerialisation requests up to quarter end confirmed to depositories.
• Dematerialised securities listed on the stock exchange where existing securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository registered owner name substituted within fifteen days.

Azad India Mobility Ltd trading window closed from Oct 01, 2026 until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended Sep 30, 2026.

AGM Details

• Date and time: 28 September 2026, 12:30 PM.
• Mode: Hybrid (physical meeting with remote e-voting).
• Venue: Kanara Saraswat Association, Mumbai.
• Voting rights fixed by cut-off date 21 September 2026.
• Remote e-voting period: 25–27 September 2026.

Key Resolutions and outcomes

• Adoption of audited financial statements approved unanimously.
• Re-appointment by rotation of director Chadha approved unanimously.
• Appointment of statutory auditors approved unanimously.
• Waiver of excess managerial remuneration paid to MD approved unanimously.
• Waiver of executive remuneration paid to ED approved unanimously.
• Material related party transactions with Azad Coach Private Limited approved unanimously.
• Stock split of equity shares approved unanimously.
• Alteration of capital clause in MOA approved unanimously.

Auditor Appointments

• Statutory auditors appointed; tenure not disclosed.

Director Changes

• Director re-appointed by rotation: Bupinder Singh Chadha.

Material Related Party Transactions

• Approved material RPT with Azad Coach Private Limited.

Other Material Approvals

• Stock split from Rs 10 to Rs 2 approved.
• Capital clause alteration in MOA approved.

AGM details

• Date and time: 28 September 2026 at 12:30 PM.
• Mode: physical meeting at Mumbai venue.
• e-voting window: 25 Sep 2026 09:00 to 27 Sep 2026 17:00.

Resolutions proposed

• Adoption of accounts and auditors’ report (ordinary).
• Re-appointment of director retiring by rotation (ordinary).
• Re-appointment of statutory auditor (ordinary).
• Waiver for excess MD remuneration for FY2025-26 (special).
• Waiver for excess ED remuneration for FY2025-26 (special).
• Approval of material related party transactions with AzadCoach Private Limited (ordinary).
• Stock split from Rs 10 to Rs 2 per share (ordinary).
• Alteration of capital clause in MOA (ordinary).

Voting status

• Results will be declared on or before 30 Sep 2026.
• Scrutinizer appointed to tally ballots and e-votes.

Director changes

• Re-appointment of director retiring by rotation (ordinary).

Auditor appointments

• Re-appointment of statutory auditor (ordinary).

Material related party transactions

• Approval of RPT with AzadCoach Private Limited (ordinary).

Other material approvals

• Stock split and MOA capital clause alteration (ordinary).

Auditor appointment and AGM notice

• Re-appoint Statutory Auditor: R Bhargava & Associates for 5 years from AGM conclusion, subject to member approval.
• Profile: Delhi-based CA firm with two decades' experience in taxation, audit, and advisory.
• Notice of the forthcoming AGM approved.

Key Decisions

• Board approved the Board Report for the year ended 31 March 2026.
• Fixed 65th AGM on 28 September 2026 at 12:30 PM; venue Kanara Saraswat Association, Mumbai.
• Share Transfer Book and Members' Registers closed 22–28 September 2026 (inclusive).
• Cut-off date for remote e-voting and AGM voting fixed as 21 September 2026.
• Re-appointed M/s Pratik Satyuga & Company, Chartered Accountant, as Internal Auditor for 2026-27, effective 25 August 2026.

Financial highlights

• Q1 FY2027 total income ₹16.77 crore, up 117.8% YoY.
• Q1 FY2027 net profit ₹0.78 crore, up 1,014% YoY.
• Q1 FY2027 net profit margin 4.65%.
• FY2026 total income ₹64.94 crore, audited.
• FY2026 net profit ₹2.39 crore; margin 3.68%.
• Order book visibility of 24 months.

Outlook and strategic developments

• Outlook: total income to exceed ₹150 crore in FY2027, with H2 delivery.
• Export pipeline under development; potential supply of >2,000 electric buses to Indonesia.
• Operating cash flow improved, supporting working capital.
• State transport engagement discussions in advanced stage.

Financial results approved

• Standalone Q1 2026 results approved; quarter ended 30 June 2026.
• Consolidated Q1 2026 results approved; quarter ended 30 June 2026.
• Interims prepared under Ind AS 34; Limited Review Report attached.

Capital actions

• Approval for 1-for-5 equity split of Rs 10 shares into five Rs 2 shares.
• Alteration of MOA Capital Clause to reflect subdivision.
• Authorized capital remains Rs 83,00,00,000; post-split shares 41,50,00,000.
• Subdivision subject to shareholders' approval.
• Rationale: enable affordability and liquidity, targeting retail investors.

Regulatory/compliance notes

• Audit Committee reviewed results; Board approved them; statutory auditors conducted the audit.

Meeting Details

• Date, time or venue not disclosed in this filing chunk.

Dematerialisation processing and listing

• Dematerialisation requests up to 30 June 2026 were confirmed to depositories; the securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository names registered within 15 days.