The -m switch of PuTTY takes a path to a script file as an argument, not a command.
Reference: https://the.earth.li/~sgtatham/putty/latest/htmldoc/Chapter3.html#using-cmdline-m
So you have to save your command (command_run) to a plain text file (e.g. c:\path\command.txt) and pass that to PuTTY:
putty.exe -ssh user@host -pw password -m c:\path\command.txt
Though note that you should use Plink (a command-line connection tool from PuTTY suite). It's a console application, so you can redirect its output to a file (what you cannot do with PuTTY).
A command-line syntax is identical, an output redirection added:
plink.exe -ssh user@host -pw password -m c:\path\command.txt > output.txt
See Using the command-line connection tool Plink.
And with Plink, you can actually provide the command directly on its command-line:
plink.exe -ssh user@host -pw password command > output.txt
Similar questions:
Automating running command on Linux from Windows using PuTTY
Executing command in Plink from a batch file