The Board of Azad India Mobility at its meeting held on 11 March 2025 has approved the issuance and allotment of 75,89,000 equity shares of Rs 10 each to non-promoters on preferential basis.
Further, the Board has approved and allotted 13,51,200 equity shares of face value of Re. 10/] each (with a premium of Rs. 06/] per equity share) pursuant to exercise of 13,51,200 convertible warrants.
Post the allotment of equity shares, the paid up equity shares of the Company has increased from Rs 32,75,88,750/] to Rs 34,11,00,750/-.