Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of three Whole-Time Directors approved by shareholders at the 41st Annual General Meeting held on September 29, 2026.

Mr. Rakesh Chopdar (DIN: 01795599):

  • Re-appointed as Whole-Time Director, Executive Chairman and Chief Executive Officer
  • Effective date: September 13, 2026
  • Term: Five (5) years
  • Profile: First-generation entrepreneur and founder of AZAD Engineering established in 2008 in Hyderabad, India. Started as CNC machine operator and transformed company into globally recognized organization over 17 years. Company manufactures highly engineered, critical components for Aerospace, Defence, Energy and Oil & Gas sectors, serving top OEMs including GE Vernova, Mitsubishi, Siemens, Toshiba, MAN, Doosan Skoda, GE Aviation, Boeing, Honeywell, Eaton, Rolls Royce, Pratt & Whitney, Rafael, BHEL, HAL, and Baker Hughes.
  • Relationship: Spouse of Mrs. Jyoti Chopdar, Whole-Time Director of the Company
  • Eligibility: Not debarred from holding office by virtue of any SEBI Order or any other authority

Mrs. Jyoti Chopdar (DIN: 03732757):

  • Re-appointed as Whole-Time Director
  • Effective date: September 13, 2026
  • Term: Five (5) years
  • Profile: Holds Bachelor of Arts degree from Kurukshetra University. Served company for over eight years, providing strategic oversight of general administrative operations. Leadership instrumental in streamlining company's administrative functions and processes.
  • Relationship: Spouse of Mr. Rakesh Chopdar, Whole-Time Director (Designated as Executive Chairman)
  • Eligibility: Not debarred from holding office by virtue of any SEBI Order or any other authority

Mr. Vishnu Malpani (DIN: 10307319):

  • Re-appointed as Whole-Time Director
  • Effective date: September 13, 2026
  • Term: Five (5) years
  • Profile: Serves as Executive Director driving enterprise strategy, capital formation, and organizational scale-up. Focuses on long-term value creation, corporate governance, and financial structuring as company positions itself to grow nearly 10x over coming years. Shapes short-term and long-term direction of business, with decisions related to customers, contracts, capital, capability, and capacity. Experience in investor engagement, governance frameworks, and capital allocation. Holds Bachelor of Technology degree from Indian Institute of Technology (IIT) Guwahati and attended executive leadership programs at ISB Hyderabad and IIM Ahmedabad.
  • Relationship: Not related to any other director of the Company
  • Eligibility: Not debarred from holding office by virtue of any SEBI Order or any other authority

Key Financial or Operational Approvals

The shareholders approved the re-appointment resolutions with requisite majority at the AGM held on September 29, 2026. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/74(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026.

Any Other Material Information

Company Details:

  • Scrip ID: 544061 (BSE), Scrip Code: AZAD (NSE)
  • Contact: 040-23097007, Email: info@azad.in, Web: www.azad.in
  • CIN No: L74210TG1983P1C004132
  • GSTIN: 36AAECA9452H1ZJ

Compliance Officer: Praneeth Abhishek Gunda, Company Secretary, Compliance Officer and Head Legal (Membership No.: ACS-35583)

Filing Date: September 30, 2026