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AZAD ENGINEERING LIMITED Raising of funds by way of issuance of equity shares or by way of an is...

Posted: 05 Jan 2025

AZAD ENGINEERING LIMITED Raising of funds by way of issuance of equity shares or by way of an issue of any instrument or security including equity shares or any other equity linked instruments or securities including convertible preference shares/ fully or partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder[s) to apply for equity shares, or any other eligible securities (collectively the "Securities") or any combination of Securities with or without premium for cash, in one or more tranches, with or without green shoe option, whether Rupee denominated or denominated in foreign currency, for an aggregate amount upto Rs. 1,000 crore or its equivalent in any other currency(iesJ by way of one or more public and / or private offerings and / or on preferential allotment basis and/or a Qualified Institutions Placement ("QIP"), subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company; and to seek approval of the shareholders for the aforesaid issuance and ancillary actions by way of an extraordinary general meeting. The details, as required to be disclosed under Regulation 30 read with SEBI circular no. SEBI/HO/CFD/CFDPoD-UP/CIR/2023/123 dated fuly 13, 2023, are also enclosed as Annexure A. 2) Approved an employee stock Securities and Exchange Board Equity) Regulations, 2021, and shareholders for the aforesaid general meeting. option scheme formulated in accordance with the of India fShare Based Employee Benefits and Sweat other applicable laws; and to seek approval of the and ancillary actions by way of an extraordinary The details, as required to be disclosed under Regulation 30 read with SEBI circular no. SEBI/HO/CFD/CFDPoD-L(P/CIR/2023/L23 dated fuly 13, 2023, are also enclosed as Annexure B. AZAD ENGINEERING LIMITED Registered Office Address: 90/C,90 /D, Phase-1, I.D.A. feedimetla, Hyderabad, Telangana-s0O 055, India. CIN NO: U7 4210TG1983PLC0 O4L32 GSTIN : 3 6AAEC Ag 4SZHLZI cs -2409 - 1277 Tel: O4O-23097O07 Email: cs@azad.in bsite: w$lv,azad.in d lltl AZA D 3) The appointment of Mr. Murali Krishna Bhupatiraju (DIN: 10883843) as Managing Director on the Board of the Company with effect from January 03, 2025, under the category of "Executive and Professional", based on the recommendation of the Nomination and Remuneration Committee subject to the approval of the shareholders of the Company at the extra ordinary general meeting. Mr. Murali Krishna Bhupatiraju is not related to the promoters or any member of the Board of directors or Key Managerial Personnel as defined under the Companies Act, 20L3. In accordance with the circular dated June 20, 2018, issued by the Stock . Exchanges, we confirm that Mr. Murali Krishna Bhupatiraju is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. The details of Mr. Murali Krishna Bhupatiraju as required under the SEBI (LODR) Regulations,2075 are given in the enclosed Annexure-C and to seek approval ofthe shareholders for the aforesaid appointment and ancillary actions by way of an extraordinary general meeting. 4) The appointment of Mr. Deepak Kabra (DIN: 10878892) as Independent Director on the Board of the Company with effect from fanuary 03, 2025, under the category of "Non-executive and Independent", based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company at the extra ordinary general meeting. Mr. Deepak Kabra is not related to the promoters or any member of the Board of directors or Key Managerial Personnel as defined under the Companies Ac! 2013. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we confirm that Mr. Deepak Kabra is not debarred from holding the office of Director by virtue ofany order passed by SEBI or any other such authority. The details of Mr. Deepak Kabra as required under the SEBI (LODR) Regulations, 2015 are given in the enclosed Annexure-D and to seek approval ofthe shareholders for the aforesaid appointment and ancillary actions by way of an extraordinary general meeting.