Azad Engineering Limited has notified stock exchanges regarding a constitutional change in its statutory auditor firm, as per regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Firm Conversion Details

The company's statutory auditors, M S K A & Associates, Chartered Accountants, have undergone a structural transformation by converting from a partnership firm to a Limited Liability Partnership (LLP). This conversion was executed under the provisions of the Limited Liability Partnership Act, 2008, and became effective from January 13, 2026.

Regulatory Compliance

Azad Engineering submitted the mandatory disclosure to both BSE Limited and National Stock Exchange of India Limited on January 22, 2026. The notification was made pursuant to Regulation 30 and other applicable provisions of SEBI regulations, ensuring compliance with listing obligations.

Continuity of Audit Services

The company emphasized that this constitutional change does not affect the audit engagement or service continuity. M S K A & Associates LLP will continue serving as the statutory auditors of Azad Engineering Limited for the remaining period of their approved tenure. The conversion represents only a change in the firm's legal structure, with no disruption to ongoing audit responsibilities.

Corporate Information

Azad Engineering Limited, incorporated in 1983, operates from its facility at Plot No.90/C, 90/D, Phase-1, I.D.A., Jeedimetla, Hyderabad, Telangana. The disclosure was signed by G. Praneeth Abhishek, Company Secretary, Compliance Officer and Head Legal, ensuring proper authorization and regulatory adherence.

Azad Engineering Limited has taken a significant step forward in the aerospace sector by entering into a Master Terms Agreement with Pratt & Whitney Canada Corp. This international collaboration aims to bolster Azad's manufacturing capabilities in the aerospace industry, aligning with national strategic priorities.

Key Details of the Agreement

The agreement focuses on the development and manufacturing of aircraft engine components, establishing a framework for long-term collaboration between the two companies. Here are the essential aspects of the partnership:

Strategic Implications

This partnership represents a significant move for Azad Engineering in strengthening its position in the aerospace manufacturing sector. By collaborating with a renowned entity like Pratt & Whitney Canada, Azad is poised to enhance its capabilities and potentially expand its market presence in the international aerospace industry.

Confidentiality and Disclosure

While the agreement marks a notable development for Azad Engineering, specific details such as the size of the order, financial considerations, and execution timeframe have not been disclosed due to confidentiality agreements. This level of discretion is common in such high-stakes international partnerships within the aerospace sector.

Alignment with National Priorities

The collaboration is notably in line with national strategic priorities, potentially contributing to India's push for self-reliance and technological advancement in critical sectors like aerospace. This alignment could have positive implications for both the company and the broader industry landscape in India.

Conclusion

The Master Terms Agreement between Azad Engineering and Pratt & Whitney Canada represents a strategic move in the aerospace manufacturing sector. While the financial implications remain undisclosed, the long-term nature of the collaboration suggests potential for Azad Engineering's growth and development in aircraft engine component manufacturing. As this partnership unfolds, it will be interesting to observe its impact on Azad's market position and the broader aerospace industry in India.