Intimation of the upcoming Annual General Meeting of the Company
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Azad India Mobility Ltd has called its 64th Annual General Meeting on Friday, 26th September 2025 at 12:30 PM in Mumbai. Shareholders will consider (1) adoption of audited standalone financial statements for FY ended 31 March 2025, (2) re-appointment of Mr. Charnjit Singh Chadha (DIN: 00151726) who retires by rotation, (3) a Special Resolution to approve material related party transactions with NAE Mobility Private Limited (wholly-owned subsidiary acquired in FY24-25) up to Rs. 100 crore for one year, (4) a Special Resolution to approve material related party transactions with Azad Coach Builders Pvt Ltd up to Rs. 200 crore for one year, and (5) appointment of M/s. Janki & Associates as Secretarial Auditor for 5 years from 1 April 2025 to 31 March 2030. Both RPT resolutions involve the same common directors, Mr. Bupinder Singh Chadha (Managing Director) and Mr. Charnjit Singh Chadha, who are in whole-time employment of the related entities. The Audit Committee granted omnibus approval for these RPTs on 21 May 2025, and transactions are stated to be at arm's length and in the ordinary course of business of manufacturing electric buses and coaches. E-voting window is 23-25 September 2025 with cut-off date of 19 September 2025.
Routine AGM business plus two large related-party transaction approvals (Rs. 300 crore combined) that shareholders must vote on, where the promoter directors have a conflict of interest and related parties cannot vote on these resolutions. Outcomes of the RPT approvals affect the company's ability to transact with its subsidiary and group entities in FY26.