Appointment of Mrs. Sabina Khurana as a Chief Executive Officer (CEO) of the Company .
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Azad India Mobility Limited appointed Mrs. Sabina Khurana as Chief Executive Officer (KMP) effective 29th May 2026. Mrs. Khurana brings over 30 years of international corporate leadership experience with dual Master's degrees from Cambridge University and Birmingham University. Simultaneously, Mr. Ramesh Chandra Pareek (DIN: 00454989) resigned as Non-Executive Independent Director effective the same date, citing personal and professional commitments — he confirmed no material reasons beyond those stated. The company also reported FY2026 audited financials showing standalone net profit of Rs. 239.30 Lakhs compared to Rs. 7.21 Lakhs in the prior year, with total income of Rs. 6,617.03 Lakhs. Consolidated net profit stood at Rs. 237.04 Lakhs. Statutory auditors R. Bhargava & Associates issued an unmodified opinion on both standalone and consolidated results.
The appointment of an experienced external CEO signals strategic intent to scale operations in the EV luxury bus manufacturing business. The resignation of an independent director reduces board independence, though no governance red flags are raised as the director cited only personal reasons with no material disputes.