AFCOM Holdings Shareholders Approve Appointment of Secretarial Auditors via Postal Ballot

AFCOM Holdings Limited has announced the successful completion of its postal ballot process, with shareholders approving the appointment of M/s. S.A.E. & Associates LLP, Company Secretaries, as Secretarial Auditors of the company for a term of five consecutive years. The voting results, declared on May 11, 2026, confirm that the Ordinary Resolution was carried by the requisite majority, with all valid votes cast in favour and none against.

Postal Ballot Process and Timeline

The postal ballot was conducted exclusively through remote e-voting, facilitated by the National Securities Depository Limited (NSDL) via its platform at www.evoting.nsdl.com . The e-voting window opened on April 9, 2026 at 09:00 A.M. IST and closed on May 8, 2026 at 5:00 P.M. IST. Shareholders holding equity shares as on the cut-off date of April 3, 2026 were eligible to participate in the voting process.

The Board of Directors appointed Ms. Sri Vidhya Kumar, Practising Company Secretary (FCS: 11114; CP No. 20181), as the Scrutinizer to oversee the postal ballot process in a fair and transparent manner. Ms. Sri Vidhya Kumar submitted her report on May 8, 2026, following the unblocking of votes at 5:15 P.M. on the same day in the presence of two independent witnesses.

Resolution Passed

The sole resolution put to shareholders related to the appointment of the secretarial auditing firm. The key details of the resolution are outlined below:

Parameter: Details Resolution No.: 1 Description: Appointment of M/s. S.A.E. & Associates LLP, Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive years Resolution Type: Ordinary Resolution Result: Carried by requisite majority Promoter/Promoter Group Interest: No

Voting Results Summary

The Scrutinizer's report provides a detailed breakdown of votes cast across all shareholder categories. A total of 14 shareholders participated, casting votes on 46,84,907 equity shares. Of these, 2 shareholders' votes covering 24,120 equity shares were deemed invalid, leaving 46,60,787 valid equity shares voted — all of which were cast in favour of the resolution.

The category-wise voting details are presented below:

Category: Shares Held Votes Polled % of Votes Polled on Outstanding Shares Votes in Favour Votes Against % in Favour on Votes Polled % Against on Votes Polled Promoter and Promoter Group: 10460211 4652747 44.4804 4652747 0 100.0000 0.0000 Public – Institutions: 234720 10320 4.3967 10320 0 100.0000 0.0000 Public – Non Institutions: 15373165 21840 0.1421 21840 0 100.0000 0.0000 Total: 26068096 4684907 17.9718 4684907 0 100.0000 0.0000

Invalid Votes Breakdown

The Scrutinizer also reported the details of invalid votes across shareholder categories:

Category: No. of Invalid Votes Promoter and Promoter Group: 0 Public Institutions: 10320 Public – Non Institutions: 13800

Scrutinizer and Compliance Details

The postal ballot was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and Scrutinizer's report have been posted on the company's website at www.afcomcargo.com and will also be uploaded on the NSDL e-voting website. The filing was signed by Ajith Kumar, Company Secretary and Compliance Officer of AFCOM Holdings Limited, on May 11, 2026.

Afcom Holdings Limited, a listed air cargo and logistics enterprise, successfully completed its Qualified Institutions Placement (QIP) on May 05, 2026, raising an aggregate amount of ₹199.85 crore. The issue witnessed strong participation from a diverse set of institutional investors — including marquee names linked to Sunil Singhania and Ashish Kacholia — 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), including funds associated with prominent investors Sunil Singhania and Ashish Kacholia. The following investors participated in the issue:

Investor: Notable Association Abakkus Emerging Opportunities Fund-1 Sunil Singhania Bengal Finance and Investment Pvt. Ltd. Ashish Kacholia Bandhan Small Cap Fund — 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.

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