Afcom Holdings Ltd

Operational update

• Afcom Holdings started operating a new Navi Mumbai–Dubai World Central sector, effective August 17, 2026.
• Annexure A press release published on Navi Mumbai International Airport official page.

Board actions

• Approved unaudited standalone financials and Limited Review for period ended June 30, 2026.
• Converted 15,000 warrants into 15,000 equity shares.
• Post‑conversion paid-up capital: 2,87,13,616 shares; Rs 28.7136 crore.
• 11,65,000 warrants issued; 75% upfront; balance payable on exercise by Jun 17, 2027.

Subsidiaries & MRO expansion

• Afcom Cargo FZCO incorporated in Dubai Airport Free Zone; 100% owned.
• Indian subsidiary for MRO of aircrafts; details in Annexures B & C.

Financial highlights

• Revenue from operations Rs 176.10 crore; Total income Rs 177.49 crore.
• PBT Rs 52.23 crore; PAT Rs 39.24 crore.
• EPS: Basic Rs 14.16; Diluted Rs 14.01.
• Tax: Current Rs 12.99 crore; Deferred Rs 0.00.

Balance sheet & cash flow

• Total assets at Jun 30, 2026: Rs 11,414.109 million (Rs 114141.09 Lakhs).
• Total equity Rs 689.382 million; total liabilities Rs 452.028 million.
• Closing cash and cash equivalents Rs 1533.015 million; net cash from operations Rs 519.059 million.

Proceeds & monitoring

• Monitoring Agency reports approved for funds raised via Preferential Issue and QIP for quarter ended June 30, 2026.
• QIP proceeds utilised for stated objects; no deviation.

Auditor update

• Independent Auditor’s Limited Review Report on the standalone results dated 14 Aug 2026.
• Review provides moderate assurance; not an audit.

Issue Overview

• Type: QIP of equity shares; issuer Afcom Holdings Ltd.
• Total issue size disclosed; no revision or undersubscription noted.
• Main objectives: capital expenditure, general corporate purposes, and issue expenses.

Utilisation of Proceeds

• Utilisation as per offer document: Yes; no material deviations observed.
• Means of finance unchanged; financing arrangement not altered.
• Approval status: statutory approvals obtained; shareholder approval not applicable.
• Deviation from objects: none; monitoring ongoing.
• Capital Expenditure: utilised ₹66.92 cr; ₹83.60 cr unutilised; ongoing.
• General Corporate Purposes: no utilisation; ₹42.07 cr unutilised; ongoing.
• Issue expenses: ₹7.21 cr utilised; ₹0.04 cr unutilised.
• Unutilised funds parked in fixed deposits and current account.
• Current account balance unutilised at quarter-end.

Governance and Compliance

• Statutory approvals related to objects obtained.
• Shareholder approval not required due to no material deviations.
• Means of finance unchanged; no changes observed.
• No material deviations observed; monitoring confirms compliance.
• CA certificate; MA notes no audit performed; reliance on management sources.
• No conflicts of interest reported.

General Corporate Purpose (GCP)

• GCP amount Nil; no utilisation reported.
• Board approval for allocation not disclosed.

Issue Overview

• Type: Preferential allotment of equity shares and warrants.
• Total issue size and net proceeds show undersubscription relative to offer documents.

Utilisation of Proceeds

• Equity escrow 0.00 crore; warrants escrow 0.02 crore allocated.
• Afcom Holdings Limited investment in escrow: 0.0262 crore.
• No detailed utilisation figures for objects reported.

Governance and Compliance

• Monitoring Agency: Brickwork Ratings issued report for quarter ended 30 June 2026.
• Report hosted on Afcom Cargo website.
• No material governance events or approvals disclosed in excerpt.

Meeting Details

• Date: August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Approve unaudited quarterly results for quarter ended June 30, 2026, with Limited Review Report.

Other Notes

• Trading window closed till 48 hours after results declaration.

Dematerialisation processing and ownership update

• Registrar/Transfer Agent confirmed dematerialisation requests to depositories as accepted or rejected; securities listed.
• Physical certificates for dematerialisation mutilated and cancelled after verification; depository’s name updated as registered owner within timelines.

Afcom Holdings Limited - Trading Window closed from July 01, 2026 till 48 hours from the declaration of the unaudited financial results for the period ended June 30, 2026

Afcom Holdings Ltd trading window closed for Designated Persons, Connected Persons and their immediate relatives from June 01, 2026 till 48 hours from the declaration of the unaudited financial results for the period ended June 30, 2026