Azad Engineering Ltd

Azad Engineering has successfully delivered its first Expendable Indigenous Turbo Jet Engine to the Defence Research and Development Organisation (DRDO) and the Ministry of Defence. This marks a significant milestone for India's aerospace and defence sector, showcasing Azad's capabilities in precision manufacturing and complex aero-engine systems. The delivery contributes to India's self-reliance in propulsion technology and supports indigenous defence programs. This achievement underscores Azad's role in advancing the nation's strategic technological capabilities.

Azad Engineering Limited has announced the closure of its trading window for designated and connected persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The specific date for the Board of Directors' meeting to consider these financial results will be communicated separately. This measure is standard practice to prevent insider trading during the sensitive period leading up to financial result announcements.

Azad Engineering Ltd announced audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results on May 15, 2026. Revenue from operations for the year ended March 31, 2026, stood at ₹7,644.26 million. The statutory auditors, M S K A & Associates LLP, issued an unmodified opinion on the financial results.

Azad Engineering Ltd announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board of directors approved the results in a meeting held on May 15, 2026. MSKA & Associates LLP, the statutory auditors, issued an unmodified opinion on the audited financial results. Revenue from operations for the year ended March 31, 2026, stood at ₹5,903.75 Million.

Azad Engineering Ltd. has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of proceeds from its Qualified Institutional Placement (QIP) issue. The QIP, which raised ₹700.00 crore, is being monitored as per SEBI regulations. CARE Ratings' report indicates no deviations from the stated objectives of the QIP. The report provides an objective view based on information provided by Azad Engineering and sources believed to be accurate, without performing an audit or independent verification.

Azad Engineering Ltd has announced the reappointment of Mr. Rakesh Chopdar as Whole-Time Director, Chairman, and CEO, along with Mrs. Jyoti Chopdar and Mr. Vishnu Malpani as Whole-Time Directors. The reappointments are for a term of five years effective from September 13, 2026, and are subject to shareholder approval. The decision was made during the Board of Directors meeting held on May 12, 2026.

Azad Engineering Ltd. has announced the reappointment of Mr. Rakesh Chopdar as Whole-Time Director, Chairman, and CEO for a term of five years, effective September 13, 2026, subject to shareholder approval. Additionally, Mrs. Jyoti Chopdar and Mr. Vishnu Malpani have been reappointed as Whole-Time Directors for similar terms. The reappointments were approved at a Board Meeting held on May 12, 2026, and will be put forth for shareholder approval at the upcoming Annual General Meeting.

Azad Engineering Ltd has scheduled a meeting of its Board of Directors on May 15, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window, which was closed from April 1, 2026, will remain closed until 48 hours after the announcement of the financial results, i.e., up to May 17, 2026.

Nomura India Investment Fund Mother Fund, along with associated entities, disclosed a sale of shares in Azad Engineering Ltd under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This transaction resulted in a net disposal of 1,321,713 shares, reducing their total holding by 2.05% from 5.13% (as of June 16, 2025) to 3.08%. The shares were sold through the secondary market between June 16, 2025, and April 27, 2026.

Azad Engineering Limited has signed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone S.r.l. (Baker Hughes company) on April 23, 2026. The amendment addresses a significant increase in annual demand for critical turbomachinery components used in power generation. The original agreement, executed on March 6, 2024, remains in force for five years, expiring in CY 2030. This move aligns with Azad Engineering's strategy to strengthen partnerships with global OEMs and expand its presence in the energy equipment supply chain.