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AZAD September 8,2026 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Affairs Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers, Dalal Street Bandra - Kurla Cornplex, Bandra (E) Mumbai, Maharashtra - 400 001 Mumbai, Ma}rarashtra - 400 051 Scrip ID -544061 Scrip Code - AZAD Dear Sir"/Madam, Sub : Newspaper advertisement regarding Notice of the 43.d Annual General Meeting, e- voting and other information to the shareholders. Ref : Regulation 30 of the SEBI (Listing Obtigations and Disclosure Requirements) Regulations, 2015. We herewith enclose copies of rrewspaper advertisement regarding notice of the 43.1 Annual Ge.er.al Meeting, e-voting and othel infolrnation to the shaleholders as publishecl toclay i.e., on September. B, 2026, in Business Standard (Englisl'r daily - All editions) and Surya (Telugu daily - Hyderabad edition). The above in{ormation is also being hosted on the website of the Company at https:/ /azad.in/company-anlouncements / This is for your information and lecords. Thanking you. Youls truly, For Azad Engineering Limited C. Praneeth Abhishek Company Secretary, Compliance Officer and Head Legal M. No.:435583 Ertcl: As Aboae Azad Engineering Limited Plot l{o.90/C ,90|D, Phase -'1, Contact: 040-230970O7 CIN NO: L7421OTG1aB3PLCOO4132 N l.D.A., Jeedimetla, Hycierabad, Email: info@azad.in z AdY Telarrgana-500 055, lndia. Web: www.azad.in .rJ;i'#ECAe452H1z' A ER&D firms need new playbook: Nasscom’s Patil avik das utions that can lift the industry quality,” he added. Bengaluru, 7 September to a meaningful level. While Another priority is to build global capability centres (GCCs) an ecosystem of enterprises, National Association of Soft- cater to their parent companies startups, and deeptech com- ware and Service Companies and services companies to their panies, something available in (Nasscom) Vice-Chairperson clients outside India, startups California and China, where Kishor Patil believes Indian can play a larger role in leading companies work very closely engineering research and the change. The sector is with one another. India’s GCCs development (ER&D) com- expected to touch $100 billion can also play a part, with many panies need to change their by the end of this decade, up of them engaged in high-value business models, focus more from $63 billion in 2026. services. Besides automotive, on products, and avoid spend- “If we don’t change the other areas of opportunity ing on areas that will be model, then it is always a risk. include aerospace and defence. negatively impacted by artifi- AI will reduce traditional Aerospace corporation Airbus cial intelligence (AI). spend. If you are doing some- is grappling to meet the surge “I see a strategic need to thing for old-tech mainten- in demand from clients in a change the business model. ance, that part can be post-pandemic world, while Focus more on the product, out- significantly impacted. But European countries are come-based products, and new spends will increase, and absorbing engineering capac- annual recurring revenue, can we capture that with AI?” ity as they boost their defence licence-based because the tradi- For example, he said, global spending. tional revenue is getting automotive spending is However, the current chal- squeezed by AI,” Patil, who is expected to rise to about $110 lenge for the sector is to over- also cofounder, chief executive billion from $60 billion in eight come the slowdown in the oicer, and managing director years. Of that, 70 per cent will automotive industry where of KPIT Technologies, told Busi- be AI-based, and companies spending remains subdued ness Standard on the sidelines need to be ready with their plat- and a recovery looks unlikely of a Nasscom event last week. Exports in the sector were forms and products to grab a before next year. The ER&D segment, which expected to grow about 7.7 per slice of that. Within automotive, power- includes automotive, semi- cent last financial year, higher While the cost of AI is high, trains and operating systems conductor, industrials, energy than information technology Patil believes companies are remain slow as companies and utilities, telecommunica- services (4.1 per cent) and soft- looking for more guaranteed remain cautious about new tions, healthcare and life ware products (4 per cent), outcomes within a certain spending, the dominance of sciences, and consumer elec- according to Nasscom data. timeline. “It’s not only value Chinese electric vehicles is tronics, has been one of the Patil stressed the need for and cost. It is about the time- negatively impacting Euro- fastest-growing segments of players to come up with indus- line and quality and the type of pean automakers, and the war India’s technology industry. try-specific, end-to-end sol- data one has to deliver a better remains protracted. on August 4, 2026. The invest- He pointed to India's deep pool Regarding elevated AI valu- Gaja Capital’s next bet: India’s AI stack ment was part of a $74 million of globally deployable software ations, Jain said experienced (approximately ~700 crore) talent, decades of domain investors should respond with Series B extension led by Nvidia, expertise and high quality digi- pricing discipline rather than which invested about $25 mil- tal public infrastructure. These avoid the sector. He said Indian peerzada abrar (CEO) and managing director told Business Standard. “We Mumbai-based Gaja Capital lion, with Glade Brook Capital advantages, he said, are com- growth-stage valuations have Bengaluru, 7 September (MD) is chasing something else have invested in two layers of has made two notable bets in AI. investing about $20 million. “We pounding rapidly in software largely normalised from 2021-22 entirely: artificial intelligence that cake.” It participated, alongside a con- need to have our own models,” and AI services. levels, with investors increas- Gopal Jain built Gaja Capital (AI). Gaja has placed bets at Gaja is now pivoting deliber- sortium of about 22 investors, in said Jain. “We are a $4 trillion Jain noted that India is ingly rewarding profitable over two decades on traditional opposite ends of India’s AI stack. ately toward AI and deeptech a $170 million secondary share economy. We aspire to become increasingly entering areas once growth and strong governance. bets: school chains, a small One is Fractal Analytics, an and evaluating intelligent sale in Fractal Analytics at a an $8-10 trillion economy. Stra- considered beyond its reach, “The response is discipline, not finance bank, a staing firm. enterprise AI company that has manufacturing and quantum $2.44 billion valuation in July tegic autonomy is important.” with Sarvam AI serving as an abstinence,” said Jain. Weeks after listing his fund since gone public itself. The computing. “AI and deep tech 2025. The transaction was a pre- On next bets related to AI, example of emerging founda- Gaja’s earlier portfolio management business, Gaja other is Sarvam AI, the Benga- has slowly but surely emerged as initial public offering (IPO) sec- Jain said the firm is most excited tional AI capability. He said spanned financial services, edu- Alternative Asset Management luru language-model startup a focus. It’s been many years in ondary sale in which Apax by areas where India's advan- building such technology cation, consumer, logistics and Ltd., in India’s first listed alter- that recently persuaded Nvidia the making. If you see our work Partners partially exited. tages are already proven, par- requires significant effort, but SaaS. vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv natives AMC debut, the to invest alongside it. over the last 20 years, it doesn’t Gaja also invested approxi- ticularly intelligent software, reflects a broader expansion of cofounder, chief executive “AI is a five layer cake,” Jain come as a surprise,” said Jain. mately ₹95 crore in Sarvam AI applied AI and AI-first servic [Showing first 8,000 characters — download PDF for full document]