Key Development
Mr. Amit Mittal, Managing Director cum CEO and Promoter of A2Z Infra Engineering Limited, has been released on bail. He was also Non-Executive Director of A2Z Infraservices Ltd., a material subsidiary of the Company.
Legal Context
Mr. Mittal had been taken into Judicial custody by Economic Offence Wing-Anti Corruption Bureau (EOW-ACB), Chhattisgarh. His release was ordered by the Hon'ble High Court of Chhattisgarh via Order dated July 03, 2026.
Court Order Excerpts (Para 52)
The order states: "In the present case, apart from the applicant being one of the Directors of the Company, no independent material has been pointed out demonstrating that he personally instructed payment of illegal commission, prepared forged documents, handled the alleged cash transactions or participated in the alleged conspiracy."
Court Order Excerpts (Para 55)
The order further states: "Having regard to the cumulative effect of the aforesaid circumstances, namely, that the applicant was not named in the FIR; he appeared before the Investigating Officer on every occasion pursuant to summons and fully cooperated with the investigation; he was arrested after several months despite such cooperation; the investigation already stands concluded and the charge-sheet has been filed; the evidence is predominantly documentary in nature; no recovery remains to be effected from him; the operational control of the Company appears, prima facie, to have been exercised by Mr. N. Uday; criminal liability cannot be fastened merely because the applicant held the office of Director; and the applicant is suffering from serious medical ailments requiring continuous treatment, this Court is of the considered opinion that further custodial detention of the applicant would not serve any useful purpose."
Financial Impact
Financial impact not quantified in the disclosure.
Request to Exchanges
The company requested both exchanges to take the above information on record.