C2C Advanced Systems signs MoU with IIT Ropar and AazelTech for AI research

c2c advanced systems executed a three-party Memorandum of Understanding with Indian Institute of Technology Ropar and Aazel International Technologies Private Limited on June 1, 2026, at IIT Ropar, Rupnagar, Punjab. The agreement establishes a structured framework for joint research, prototyping, testing, and technology development across domains including artificial intelligence, cyber resilience, environmental intelligence, geospatial analytics, and IoT-enabled monitoring systems. This collaboration marks the company's first formal engagement with IIT Ropar and aims to integrate academic research with applied technology development for defence, homeland security, and critical infrastructure applications.

Parties and Contributions

The collaboration leverages the distinct strengths of the three entities. IIT Ropar contributes its academic research infrastructure, faculty expertise, and innovation ecosystem. Aazel International Technologies Private Limited brings proprietary AI-driven platforms developed for environmental intelligence, geospatial analytics, and cybersecurity applications. C2C Advanced Systems contributes its MAGI-C5ISR architecture, sensor fusion capabilities, and operational experience across defence and mission-critical environments.

Scope of Collaboration

Under the MoU, the parties intend to pursue collaborative activities in several key areas:

AI-driven decision support systems
Environmental intelligence and climate and weather technologies
IoT-enabled monitoring and sensor systems
Cyber resilience frameworks and operational technology security
Geospatial analytics
Prototype development and technology validation

The framework is designed to support the indigenous development of solutions relevant to defence, homeland security, and critical infrastructure applications.

MoU Details

The following table outlines the key particulars of the agreement as per the regulatory disclosure:

Sr. No.	Particulars	Details
1	Name(s) of the parties	C2C Advanced Systems Limited, Indian Institute of Technology Ropar, Aazel International Technologies Private Limited
2	Purpose of agreement	Joint research, prototyping, testing and technology development across AI, cyber resilience, environmental intelligence, geospatial analytics, climate technologies, IoT-enabled monitoring and mission-critical operational technologies
3	Size of the agreement	Not applicable. No financial consideration is involved at the stage of execution of the MoU
4	Shareholding in the other entity	Not applicable
5	Significant terms	Framework for joint research, prototype development, testing and technology validation across specified domains aligned with defence, homeland security and critical infrastructure applications
6	Related to promoter/promoter group/group companies	No
7	Related party transaction	No

The MoU was executed in the presence of senior representatives, including Colonel Kuldeep Singh Gill, Head of Military Systems, and Lt. Col. Harkamal Sidhu, Head of Cyber Architecture and Assurance, from C2C Advanced Systems. The company stated it will make appropriate disclosures to the exchange if any material commercial engagements, funded programmes, or technology transfers arise from this collaboration.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.92%	-13.75%	-23.41%	-29.09%	-28.77%	-23.10%

C2C Advanced Systems held its 1st Extra Ordinary General Meeting (EGM) for the fiscal year 2026-27 on Thursday, May 7, 2026. The meeting commenced at 05:00 PM and was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with regulatory circulars issued by the Ministry of Corporate Affairs (MCA). The proceedings were overseen by Mr. Manjeet Singh, the Company Secretary, who welcomed the members and confirmed the availability of the remote participation facility.

The meeting was chaired by Mr. Narendra Subrahmanya Srinivasa Lanka. The board was well-represented, with attendance from Ms. Laxmi Chandra (Managing Director), Mr. Murtaza Ali Soomar (Whole-Time Director), and other directors including Ms. Maya Chandra and Ms. Neha Gupta. Key executives such as Mr. Ganapathy Subramanian (Chief Financial Officer) and Mr. Krishna Chandra (Chief Mentor and Head of Strategies) were also present.

Special Business

The EGM contained one special business item — approval of material related party transactions for FY 2026-27. The resolution was passed as an Ordinary Resolution via remote e-voting and e-voting during the EGM.

Agenda Item	Resolution Type	Status
Approval of Material Related Party Transactions for FY 2026-27	Ordinary Resolution	Passed

E-Voting Process

The e-voting facility was provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Remote e-voting remained open from Monday, May 4, 2026 (9:00 AM IST) to Wednesday, May 6, 2026 (5:00 PM IST). Members holding shares as on the cut-off date of Thursday, April 30, 2026, were entitled to vote. An Instapoll facility was also available for 15 minutes during the EGM for members who had not voted through remote e-voting. M/s K K V K & Associates, Practicing Chartered Accountant, was appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner.

Consolidated Voting Results

Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Scrutinizer's consolidated report was submitted by Krishan Kumar (Membership No. 570959), Partner of M/s K K V K & Associates. The following table presents the category-wise voting outcome for the resolution on approval of material related party transactions for FY 2026-27:

Category	Mode of Voting	Shares Held	Votes Polled	% Votes Polled	Votes in Favour	Votes Against	% in Favour	% Against
Promoter & Promoter Group	E-Voting	6,263,206	1,002,000	15.9982	1,002,000	0	100.0000	0.0000
Promoter & Promoter Group	Total	6,263,206	1,002,000	15.9982	1,002,000	0	100.0000	0.0000
Public Institutions	Total	551,517	0	0.0000	0	0	0.0000	0.0000
Public Non-Institutions	E-Voting	10,153,710	1,338,154	13.1790	1,338,154	0	100.0000	0.0000
Public Non-Institutions	Poll	10,153,710	33,200	0.3270	26,300	6,900	79.2169	20.7831
Public Non-Institutions	Total	10,153,710	1,371,354	13.5060	1,364,454	6,900	99.4968	0.5032
Grand Total		16,968,433	2,373,354	13.9869	2,366,454	6,900	99.7093	0.2907

Resolution-wise Voting Summary

The table below summarises the votes cast in favour of and against the resolution on approval of related party transactions:

Votes in Favour:

Mode of Voting	Members Voted	Votes Cast in Favour	% of Valid Votes
Remote E-Voting	25	23,40,154	99.7092%
E-Voting at EGM (Instapoll)	4	26,300	—
Total	29	23,66,454	—

Votes Against:

Mode of Voting	Members Voted	Votes Cast Against	% of Valid Votes
Remote E-Voting	—	—	0.2907%
E-Voting at EGM (Instapoll)	1	6,900	—
Total	1	6,900	—

The session concluded at 05:08 PM with a vote of thanks by Manjeet Singh, who expressed gratitude to the shareholders and panel members for their attendance. The Scrutinizer's report along with consolidated voting results has been filed with the Stock Exchanges and will be hosted on the company's website at www.c2c-as.com , as required under Regulation 44 of SEBI (LODR) Regulations, 2015.