Afcom Holdings Limited Successfully Raises ₹199.85 Crore via Qualified Institutions Placement

Afcom Holdings Limited, a listed air cargo and logistics enterprise, has successfully completed its Qualified Institutions Placement (QIP), raising an aggregate amount of ₹199.85 crore on May 05, 2026. The issue witnessed strong participation from a diverse set of institutional investors, including reputed long-term funds, reflecting sustained confidence in the Company's growth strategy. The proceeds are intended to support fleet expansion through aircraft leasing.

Key Transaction Highlights

The QIP opened on May 04, 2026, and closed on May 05, 2026. The following table summarises the key parameters of the transaction:

Parameter: Details Issue Size: ₹199.85 crore Number of Shares Allotted: 26,30,520 equity shares Face Value per Share: ₹10 Issue Price per Share: ₹759.72 Floor Price per Share: ₹799.62 Discount to Floor Price: 4.99% QIP Open Date: May 04, 2026 QIP Close Date: May 05, 2026 Book Running Lead Manager: GYR Capital Advisors Private Limited

GYR Capital Advisors Private Limited acted as the sole Book Running Lead Manager to the QIP.

Marquee Investor Participation

The QIP attracted participation from a diverse set of qualified institutional buyers (QIBs). The following investors participated in the issue:

Abakkus Emerging Opportunities Fund-1

Bandhan Small Cap Fund

Bengal Finance and Investment Pvt. Ltd.

Chartered Finance and Leasing Limited

Mint Focused Growth Fund PCC – Cell 1

Sanshi Fund-I

Alchemy Long Term Ventures Fund (Series 2 & Series 3)

Bandhan Innovation Fund

Silver Stride India Global Fund

About Afcom Holdings Limited

Afcom Holdings Limited is an air cargo and logistics company promoted by Capt. Deepak Parasuraman, and is listed on the SME platform of BSE Limited. The Company operates dedicated cargo flights serving key ASEAN markets and select international destinations, including Thailand, Vietnam, Myanmar, Sri Lanka, the United Arab Emirates, and the Maldives. It focuses on delivering reliable and efficient freight solutions, facilitating cross-border trade and strengthening supply chain connectivity across these regions.

AFCOM Holdings Limited has announced a postal ballot notice for shareholder approval regarding the appointment of secretarial auditors and has now published the notice in newspapers pursuant to regulatory requirements. The company seeks approval for appointing M/s. S.A.E. & Associates LLP as secretarial auditors for a term of five consecutive years, demonstrating its commitment to regulatory compliance and corporate governance standards.

Newspaper Publication and Regulatory Compliance

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AFCOM Holdings Limited published the postal ballot notice and remote e-voting information in newspapers on April 09, 2026. The company has fulfilled its regulatory obligation by ensuring wide dissemination of the postal ballot information to shareholders.

Publication Details Information English Newspaper Financial Express Regional Newspaper Makkal Kural (Tamil) Publication Date April 09, 2026 Website Availability www.afcomcargo.com BSE Symbol 544224

Postal Ballot Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted through electronic means only. The detailed schedule provides clear guidance for shareholders participating in the voting process.

Event Date/Time Cut-Off Date April 03, 2026 Notice Dispatch Completion April 08, 2026 E-Voting Start Thursday, April 09, 2026 / 09:00 a.m. (IST) E-Voting End Friday, May 08, 2026 / 05:00 p.m. (IST) Scrutinizer Report May 11, 2026 Results Declaration May 11, 2026

Proposed Secretarial Auditor Details

The board has recommended M/s. S.A.E. & Associates LLP for appointment as secretarial auditors based on comprehensive evaluation criteria. The firm brings significant expertise and credentials to support the company's compliance requirements.

Parameter Details Firm Name M/s. S.A.E. & Associates LLP Registration Number L2018TN004700 Appointment Term Five consecutive years (FY 2025-2026 to FY 2029-2030) Peer Review Number 2822/2022 Establishment Year 2018 Location Chennai, Tamil Nadu

The firm offers comprehensive professional services including corporate laws, SEBI regulations, FEMA regulations, secretarial audits, due diligence audits, and compliance audits. The board's recommendation follows evaluation of multiple parameters including capability, audit experience, market reputation, clientele profile, technical expertise, and governance standards.

E-Voting Process and Shareholder Guidelines

In compliance with Ministry of Corporate Affairs circulars, the company is conducting the postal ballot entirely through electronic means. The notice has been sent only in electronic form to shareholders whose email addresses are registered with the company, registrar, or depository participants as on the cut-off date of April 03, 2026.

National Securities Depository Limited (NSDL) has been engaged to provide the e-voting facility. Shareholders can access the voting platform through multiple methods including direct NSDL login, depository participant platforms, and mobile applications. The company has appointed Ms. Sri Vidhya Kumar (FCS Membership No. F11114 and Certificate of Practice No. 20181) as the scrutinizer to ensure fair and transparent conduct of the postal ballot process.

The appointment aligns with amended provisions of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to undertake secretarial audits by peer-reviewed company secretaries with shareholder approval. The resolution will be passed as an ordinary resolution, and the board has confirmed that no directors, key managerial personnel, or their relatives have any financial interest in the proposed resolution.

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