INDIAN BRIGHT STEEL CO.LTD.

Azad India Mobility Ltd has submitted its 65th Annual Report for the Financial Year 2025-2026, along with the Notice of the Annual General Meeting. The report highlights the company's commitment to driving India's mobility forward through innovation, sustainability, and excellence. It details operations in manufacturing electric buses and intercity coaches, focusing on scaling assembly to meet OEM demand and expanding into the electric coach market. The company emphasizes strengthening its vendor network, optimizing costs, and adhering to localization mandates. Strategic priorities include maintaining financial discipline, robust working capital controls, and reliable manufacturing margins, while upholding high standards of corporate governance and financial transparency.

Azad India Mobility Limited has announced its 65th Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 12:30 PM in Mumbai. The meeting agenda includes the adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointment of a director retiring by rotation, and re-appointment of statutory auditors. Additionally, the AGM will consider special business items, including the approval to waive recovery of excess managerial remuneration paid to Managing Director Mr. Bupinder Singh Chadha (₹60.05 Lakhs) and Executive Director Mr. Charnjit Singh Chadha (₹26.30 Lakhs) for FY 2025-26. Approval for material related party transactions with Azad Coach Private Limited is also on the agenda.

Azad India Mobility Ltd announced the outcome of its Board Meeting held on September 2nd, 2026. The board approved the re-appointment of M/s R Bhargava & Associates as the Statutory Auditor for a period of 5 years, from the conclusion of the ensuing AGM until the conclusion of the AGM for the financial year 2030-2031, subject to member approval. Additionally, the Notice of the Ensuing Annual General Meeting was approved. The meeting commenced at 3:45 PM and concluded at 4:40 PM.

Azad India Mobility Ltd announced that its Board of Directors, in a meeting held on August 25, 2026, approved the Board Report for the year ended March 31, 2026. The Board also fixed the date, time, and venue for the 65th Annual General Meeting (AGM) to be held on September 28, 2026, and approved the notice for the same. The share transfer book and member's registers will be closed from September 22 to September 28, 2026. September 21, 2026, has been set as the cut-off date for remote e-voting eligibility. Additionally, the Board approved the re-appointment of M/s Pratik Satyuga & Company as the Internal Auditor for FY 2026-2027.

Azad India Mobility Limited (AIML) announced its unaudited financial results for Q1 FY2027, reporting a significant surge in total income to ₹16.77 crore, an increase of 117.8% year-on-year. Net profit more than doubled to ₹0.78 crore from ₹0.07 crore in the prior year, with the net profit margin expanding to 4.65% from 0.90%. The company also highlighted its audited results for FY2026, where total income grew approximately seven-fold to ₹64.94 crore. AIML has secured a 24-month order book and is exploring expansion into state transport and export markets.

Azad India Mobility Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors also approved a sub-division of existing equity shares from one share of Rs. 10 face value into five shares of Rs. 2 face value each. This necessitates an alteration to the Capital Clause of the Memorandum of Association, increasing the authorized share capital to Rs. 83 Crores divided into 41.5 Crores equity shares of Rs. 2 each. The company operates in the manufacturing of EV Luxury buses and related activities, with a single reportable segment.

Azad India Mobility Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved a sub-division of its existing equity shares. One equity share with a face value of Rs. 10 will be split into five equity shares, each with a face value of Rs. 2. This corporate action necessitates an alteration to the company's Memorandum of Association, increasing the authorized share capital to Rs. 83 Crores, divided into 41.5 Crores equity shares of Rs. 2 each. The Board also considered and approved the Un-Audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report. The financial results were prepared in accordance with IND-AS and reviewed by R. Bhargava & Associates.

Azad India Mobility Ltd has announced a Board of Directors meeting scheduled for August 13, 2026. The primary agenda is to consider and approve the Un-audited Financial Results for the quarter ended June 30, 2026, on a standalone and consolidated basis. Additionally, the board will discuss a proposal for the sub-division of existing equity shares with a face value of Rs. 10 each. The trading window for company securities will reopen 48 hours after the declaration of these financial results.

Azad India Mobility Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This restriction on buying or selling company securities will be in effect from July 01, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to consider these results will be communicated separately. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Azad India Mobility Ltd. has appointed Mrs. Sabina Khurana as Chief Executive Officer (CEO), effective May 29, 2026. This decision was made during a Board of Directors meeting where the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, were also approved. Additionally, Mr. Ramesh Chandra Pareek resigned from his position as Non-Executive Independent Director, also effective May 29, 2026.