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AZAD ENGINEERING LIMITED we hereby inform you that AZAD Engineering Limited has signed a Long Ter...

Posted: 17 Jan 2025

AZAD ENGINEERING LIMITED we hereby inform you that AZAD Engineering Limited has signed a Long Term Supply Agreement with GE VERNOVA INTERNATIONAL LLC, USA for the supply of highly engineered, complex rotating and stationary Airfoils for Advanced Gas Turbine Engines to meet their global demand in the power generation industry. This current phase of the contract, valued at - USD ($) 112 Million (INR - 960 Crores) is a robust step towards cementing our everlasting strategic relationship with GE VERNOVA INTERNATIONAL LLC, USA. The details required pursuant to SEBI Circular No. SEBI/HOICFD/CFD-Pod7/p/CtR/ /2023/723 dated July 13,2023, are enclosed as Annexure. 1 Name(s) of parties with whom the agreement is entered GE VERNOVA INTERNATIONAL LLC,USA 2 Purpose of entering into the agreement AZAD Engineering Limited has signed a Long Term Supply Agreement with GE VERNOVA INTERNATIONAL LLC, USA for the supply of high.ly engineered, complex rotating and stationary Airfoils for Advanced Gas Turbine Engines to meet their global demand in the power generation industry. This current phase of the contract, valued at - USD ($) 112 Million (lNR - 960 Crores) is a robust step towards cementing our everlasting strategic relationship with GE VERNOVA INTERNATIONAT LLC, USA. 3 Size of the order(s)/contractfs) or broad consideration - USD ($) 112 Million (INR - 960 Crores) 4 Shareholding, if any, in the entity with whom the agreement is executed Nil 5 Significant terms of the orderfs)/contract(s) awarded in brief Not applicable. 6 Whether the said parties are related to promoter/promoter group/group companies in any manner. If yes, nature of relationship No 7 Whether the contractfs)/order(s) would fall within related party transactions? If yes, whether the same is done at "arm's length" No B In case of issuance of shares to the parties, details of issue price, class of shares issued Not applicable 9 Any other disclosures related to such agreements, viz, details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. Not applicable 10 In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange[s): a) name of parties to the agreement; b) nature of the agreemenq c) date of execution of the agreemenU d) detaits of amendment and impact thereof or reasons of termination and impact thereof Not applicable T7 whether order[s)/contract(s) have been awarded by do mestic/internatio nal entity Not applicable L2 Nature or order(s)/contract[s) Long Term Contract. 13 Whether domestic or international International L4 Time period by which the order(s)/contract(s) is to be executed 6 years 15 Whether the promoter/ promoter group/ group companies have any interest in the entity that awarded the order) s/contract(sl? If yes, nature of interest and details thereof Not applicable