AFCOM Holdings FY26 profit surges to ₹12,190 lakh on revenue growth

AFCOM HOLDINGS LIMITED reported a net profit of ₹12,190.36 lakh for the financial year ended March 31, 2026, a significant increase from ₹3,693.54 lakh in the previous year. Revenue from operations surged to ₹58,310.84 lakh in FY26, compared to ₹23,871.80 lakh in FY25, driven by operational expansion. The Board of Directors approved the audited financial results for the year and quarter ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditors, M/s. P P N and Company, issued an unmodified opinion on the financial results. These results mark the company's first financial statements prepared in accordance with Indian Accounting Standards (Ind AS), following its transition from previous GAAP. The adoption of Ind AS has resulted in the restatement of comparative figures for the previous year.

Financial Performance

The company's total income for FY26 stood at ₹58,772.55 lakh, up from ₹24,100.76 lakh in the prior year. For the quarter ended March 31, 2026, net profit was ₹4,466.08 lakh, while revenue from operations reached ₹19,033.11 lakh. Basic earnings per share (EPS) for the year increased to ₹48.73 from ₹16.47 in FY25.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from operations	58,310.84	23,871.80
Net profit	12,190.36	3,693.54
Total income	58,772.55	24,100.76
Basic EPS (₹)	48.73	16.47

Capital Raise and Utilization

During the quarter ended December 31, 2025, the company raised funds through a preferential issue of equity shares and convertible warrants. It allotted 12,10,390 equity shares at an issue price of ₹863.17, raising ₹10,447.00 lakh. Additionally, the company issued 11,65,000 convertible warrants, receiving ₹2,514.00 lakh as 25% upfront subscription. The aggregate proceeds received and credited to monitoring fund accounts as of March 31, 2026, totaled ₹12,961.00 lakh.

The proceeds are being utilized for capital expenditure, business expansion, aircraft induction-related costs, and general corporate purposes. As of March 31, 2026, the company utilized ₹70.09 crore of the proceeds, with an unutilized balance of ₹59.49 crore held in monitoring fund accounts.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.51%	+1.75%	+16.87%	+8.04%	+8.66%	+331.52%

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