Azad Engineering to incorporate two subsidiaries

Azad Engineering has received an approval for the incorporation of two subsidiaries of the Company. The Board of Directors in their meeting held on March 21, 2024 has approved the same. The company will incorporate subsidiary ‘Azad VTC’ with proposed authorized capital of Rs 1,00,000, while another subsidiary ‘Azad Prime’ with proposed authorized capital of Rs 1,00,000. Both the subsidiaries will belong to engineering industry.

Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.