Azad Engineering Limited at its board meeting held on March 21, 2024 approved the incorporation of two subsidiaries of the Company. Industry to which the entity being acquired Belongs: Engineering. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity): The objects of the proposed subsidiary: 1,.

To establish an industry for Thermal Spray Coating Job Shop using Plasma Spray with high velocity fuel system for coating various components, tools, vessels and valves and other normal wear and tear parts and instruments used for all types of industries particularly Mechanical, Electrical, Electronics, Chemical, Textile, Automotive, Aeronautical, Navy, Military, Mining, Solar System, Pollution Systems, Nuclear, Plastic, Printing, Food Processing, Cement, Photographic, Visual Communications, Digital Systems, Medical, Magnetic, Domestic appliances, Air Force, Thermal Power stations, Steel Plants, Refineries, Fertilizer Plants, Aluminum Industries, Info systems and other general purpose industries for improving the wear, corrosion resistance and durability of the spares and components; 2. To carry on the business of buyers, sellers, importers, exporters, dealers, distributors, agents and otherwise deal in all kinds of required raw materials like industrial gases, metallic powders, steel grit, laboratory chemicals and other consumables required for use in the above process; - J. To initiate, organize and to carry on the business of electricians, electrical engineers, electrical operations, Mechanical, Civil, fabrication, general engineering works contracts and to manufacture, deal, supply, sale, purchase, import, export and otherwise deal in all kinds of electrical machinery, Electrical Apparatus, Electrical, Electronics, Chemicals, Air Conditioning refrigeration and mechanical goods for any purpose whatsoever and to install, erect, commission and contract and install factories, workshops, furnaces, manufacturing units for the supply of any type of instruments, spares and equipments; 4. To establish and carry on the business as manufacturer's Agents, dealers, distributors, representatives, Commission Agents, brokers, stockiests, suppliers and otherwise deal in electrical mechanical, industrial products,consumable items computers and computer software, air conditioners, refrigerators, automobiles, chemicals, paints, glass ware, rubber and PVTC products, hardware and general merchandise.