A2Z InfraEngineering
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A2Z Infra Engineering Ltd.’s Managing Director and CEO Amit Mittal was granted bail by the Chhattisgarh High Court on July 3, 2026, the company disclosed in a stock exchange filing on Monday. Mr. Mittal had been in judicial custody since May 14 after the state’s Economic Offence Wing-Anti Corruption Bureau arrested him over alleged irregularities in liquor supply contracts with the Chhattisgarh State Marketing Corporation. The High Court, in its order, noted that no independent material had been produced to show he personally instructed illegal payments, prepared forged documents or participated in the alleged conspiracy. It observed that he was not named in the initial FIR, had cooperated with the investigation, and was arrested months after the charge-sheet was filed. The court also pointed out that operational control of the company appeared to have been exercised by another executive, N. Uday Rao, prima facie. Mr. Mittal, who is also a promoter and director of the material subsidiary, suffers from serious medical ailments requiring continuous treatment, the court noted. His release removes an immediate leadership crisis at the struggling engineering firm. A2Z Infra had separately secured a one-time settlement with Indian Bank and is working through severe accumulated losses.
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A2Z Infra Engineering Ltd.’s Managing Director and CEO Amit Mittal was granted bail by the Chhattisgarh High Court on July 3, 2026, the company disclosed in a stock exchange filing on Monday. Mr. Mittal had been in judicial custody since May 14 after the state’s Economic Offence Wing-Anti Corruption Bureau arrested him over alleged irregularities in liquor supply contracts with the Chhattisgarh State Marketing Corporation. The High Court, in its order, noted that no independent material had been produced to show he personally instructed illegal payments, prepared forged documents or participated in the alleged conspiracy. It observed that he was not named in the initial FIR, had cooperated with the investigation, and was arrested months after the charge-sheet was filed. The court also pointed out that operational control of the company appeared to have been exercised by another executive, N. Uday Rao, prima facie. Mr. Mittal, who is also a promoter and director of the material subsidiary, suffers from serious medical ailments requiring continuous treatment, the court noted. His release removes an immediate leadership crisis at the struggling engineering firm. A2Z Infra had separately secured a one-time settlement with Indian Bank and is working through severe accumulated losses.
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May 14 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - AMIT MITTAL, MD CUM CEO, HAS BEEN TAKEN INTO JUDICIAL CUSTODY
Source text: [ID:]
Further company coverage: A2ZI.NS
(([email protected];;))
May 14 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - AMIT MITTAL, MD CUM CEO, HAS BEEN TAKEN INTO JUDICIAL CUSTODY
Source text: [ID:]
Further company coverage: A2ZI.NS
(([email protected];;))
Feb 24 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
SIGNS ONE-TIME SETTLEMENT WITH INDIAN BANK
DEBT SETTLEMENT OF 1.42 BILLION RUPEES FOR CONSIDERATION OF 500 MILLION RUPEES
Source text: ID:nBSE2FdWlR
Further company coverage: A2ZI.NS
(([email protected];;))
Feb 24 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
SIGNS ONE-TIME SETTLEMENT WITH INDIAN BANK
DEBT SETTLEMENT OF 1.42 BILLION RUPEES FOR CONSIDERATION OF 500 MILLION RUPEES
Source text: ID:nBSE2FdWlR
Further company coverage: A2ZI.NS
(([email protected];;))
Jan 29 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS TAX NOTICE WITH PENALTIES IMPOSED OF 19.8 MILLION RUPEES
Source text: ID:nBSE52V76G
Further company coverage: A2ZI.NS
(([email protected];))
Jan 29 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS TAX NOTICE WITH PENALTIES IMPOSED OF 19.8 MILLION RUPEES
Source text: ID:nBSE52V76G
Further company coverage: A2ZI.NS
(([email protected];))
Dec 31 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
GETS TAX DEMAND NOTICE FOR 96.1 MILLION RUPEES
Source text: ID:nBSEbhFjdf
Further company coverage: A2ZI.NS
(([email protected];;))
Dec 31 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
GETS TAX DEMAND NOTICE FOR 96.1 MILLION RUPEES
Source text: ID:nBSEbhFjdf
Further company coverage: A2ZI.NS
(([email protected];;))
Nov 19 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING - GETS TOTAL TAX DEMAND NOTICE FOR 16.1 MILLION RUPEES
Source text: ID:nBSE5CL8BV
Further company coverage: A2ZI.NS
(([email protected];))
Nov 19 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING - GETS TOTAL TAX DEMAND NOTICE FOR 16.1 MILLION RUPEES
Source text: ID:nBSE5CL8BV
Further company coverage: A2ZI.NS
(([email protected];))
Sept 2 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
GETS GST ORDER WITH PENALTY OF 3.3 MILLION RUPEES
Source text for Eikon: ID:nBSE3N93PH
Further company coverage: A2ZI.NS
(([email protected];;))
Sept 2 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
GETS GST ORDER WITH PENALTY OF 3.3 MILLION RUPEES
Source text for Eikon: ID:nBSE3N93PH
Further company coverage: A2ZI.NS
(([email protected];;))
Aug 28 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING GOT TAX ORDER FOR DEMAND OF 16 MILLION RUPEES
Further company coverage: A2ZI.NS
(([email protected];))
Aug 28 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING GOT TAX ORDER FOR DEMAND OF 16 MILLION RUPEES
Further company coverage: A2ZI.NS
(([email protected];))
A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS GST DEMAND NOTICE FOR 46.5 MILLION RUPEES
Source text for Eikon: ID:nNSE8mfQk8
Further company coverage: A2ZI.NS
A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS GST DEMAND NOTICE FOR 46.5 MILLION RUPEES
Source text for Eikon: ID:nNSE8mfQk8
Further company coverage: A2ZI.NS
March 29 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS TAX DEMAND NOTICE FOR 46.3 MILLION RUPEES
Source text for Eikon: ID:nNSE7jVPt4
Further company coverage: A2ZI.NS
(([email protected];;))
March 29 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
A2Z INFRA ENGINEERING LTD - GETS TAX DEMAND NOTICE FOR 46.3 MILLION RUPEES
Source text for Eikon: ID:nNSE7jVPt4
Further company coverage: A2ZI.NS
(([email protected];;))
Nov 16 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
SIGNING OF FULL CASH ONE TIME SETTLEMENT WITH EDELWEISS ASSET RECONSTRUCTION CO
SIGNING OF FULL CASH ONE TIME SETTLEMENT TOWARDS OUTSTANDING OTS OF 352.5 MILLION RUPEES
Source text for Eikon: ID:nBSE5drckK
Further company coverage: A2ZI.NS
(([email protected];))
Nov 16 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:
SIGNING OF FULL CASH ONE TIME SETTLEMENT WITH EDELWEISS ASSET RECONSTRUCTION CO
SIGNING OF FULL CASH ONE TIME SETTLEMENT TOWARDS OUTSTANDING OTS OF 352.5 MILLION RUPEES
Source text for Eikon: ID:nBSE5drckK
Further company coverage: A2ZI.NS
(([email protected];))
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Popular questions
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What does A2Z InfraEngineering do?
A2Z Infra Engineering Limited, founded in 2002, offers maintenance and engineering services including supply, erection, and maintenance of electrical transmission lines and Optic Fiber Cable (OFC) to power distribution companies.
Who are the competitors of A2Z InfraEngineering?
A2Z InfraEngineering major competitors are Destiny Logi & Infra, Generic Eng. & Const, Innovators FacadeSys, Madhav Infra Project, RBM Infracon, Nila Infrastructures, Coromandel Engg. Co. Market Cap of A2Z InfraEngineering is ₹240 Crs. While the median market cap of its peers are ₹236 Crs.
Is A2Z InfraEngineering financially stable compared to its competitors?
A2Z InfraEngineering seems to be less financially stable compared to its competitors. Altman Z score of A2Z InfraEngineering is 0.55 and is ranked 8 out of its 8 competitors.
Does A2Z InfraEngineering pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. A2Z InfraEngineering latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has A2Z InfraEngineering allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is A2Z InfraEngineering balance sheet?
A2Z InfraEngineering balance sheet is weak and might have solvency issues
Is the profitablity of A2Z InfraEngineering improving?
The profit is oscillating. The profit of A2Z InfraEngineering is ₹5.27 Crs for TTM, ₹8.97 Crs for Mar 2025 and -₹5.69 Crs for Mar 2024.
Is the debt of A2Z InfraEngineering increasing or decreasing?
Yes, The net debt of A2Z InfraEngineering is increasing. Latest net debt of A2Z InfraEngineering is ₹91.11 Crs as of Mar-26. This is greater than Mar-25 when it was ₹81.32 Crs.
Is A2Z InfraEngineering stock expensive?
A2Z InfraEngineering is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of A2Z InfraEngineering is 54.93, while 3 year average PE is 31.43. Also latest EV/EBITDA of A2Z InfraEngineering is 38.14 while 3yr average is 58.81.
Has the share price of A2Z InfraEngineering grown faster than its competition?
A2Z InfraEngineering has given better returns compared to its competitors. A2Z InfraEngineering has grown at ~25.68% over the last 3yrs while peers have grown at a median rate of 9.73%
Is the promoter bullish about A2Z InfraEngineering?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in A2Z InfraEngineering is 28.14% and last quarter promoter holding is 28.14%.
Are mutual funds buying/selling A2Z InfraEngineering?
There is Insufficient data to gauge this.