Dhillon Freight Carrier AGM passes capital hike and preference share resolution
- All three AGM resolutions passed with 100% votes in favour and zero against
- Promoter group contributed 23,36,200 out of 23,65,000 total votes polled
- Special resolution for authorised capital increase and preference shares approved
- Fleet size grew from 62 to 86 vehicles since October 2025 IPO listing
*this image is generated using AI for illustrative purposes only.
Dhillon Freight Carrier Limited shareholders unanimously approved the increase in authorised share capital and creation of preference shares at the 12th Annual General Meeting held on September 29, 2026.
The meeting, conducted via Video Conferencing, saw all three proposed resolutions pass with 100% of votes cast in favour. The scrutinizer’s report confirmed that no votes were cast against any resolution, with a total of 23,65,000 votes polled across all items.
Key resolutions and voting details
Shareholders voted on three primary items during the session, which commenced at 12:30 pm and concluded at 1:15 pm. The resolutions included standard governance matters and strategic capital adjustments. The voting results were certified by Practising Company Secretary Disha Dugar Jhunjhunwala.
| Item | Resolution Details | Type | Votes in Favour | Votes Against |
|---|---|---|---|---|
| 1 | Adoption of Audited Standalone Financial Statements for FY26 | Ordinary | 23,65,000 | 0 |
| 2 | Re-appointment of Mrs. Joyce Singh Dhillon (DIN: 06588790) | Ordinary | 23,65,000 | 0 |
| 3 | Increase in Authorised Share Capital and creation of Preference Shares | Special | 23,65,000 | 0 |
The promoter and promoter group held 26,03,200 shares, with 23,36,200 votes polled through e-voting. Public non-institutional shareholders held 13,16,800 shares, contributing 28,800 votes. No institutional public shareholders participated in the voting process for these resolutions.
Strategic updates and financial context
During the address, Chairman Karan Singh Dhillon briefed members on recent operational expansions. The company highlighted its IPO of ₹1,008 lakh, which listed on the BSE SME Platform on October 7, 2025. Since then, the owned fleet has expanded from 62 to 86 vehicles, and branch locations have grown from 22 to 25.
The management outlined plans to enhance last-mile delivery capabilities and add additional warehousing capacity. The Chief Financial Officer presented financial highlights for FY26, while the Company Secretary detailed governance disclosures. Both the Statutory Auditor and Secretarial Auditor reported no qualifications or adverse remarks in their reports.
Governance and attendance
Five directors were present at the virtual meeting, including Managing Director Karan Singh Dhillon and Independent Directors Ekta Jain and Rucheka Singhi Kothari. A total of six members attended through the VC/OAVM platform. Remote e-voting was available from September 25, 2026, to September 28, 2026.
The scrutinizer’s report has been submitted to stock exchanges, confirming that the requisite majority was achieved for all ordinary and special resolutions. The e-voting facility was provided by K-Fintech Technologies Private Limited.
Historical Stock Returns for Dhillon Freight Carrier
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +2.10% | +15.51% | -42.16% | -42.16% |
How will the newly created preference shares impact the company's future debt-to-equity ratio and cost of capital?
What specific last-mile delivery technologies or partnerships are planned to support the expanded fleet of 86 vehicles?
Given the lack of institutional shareholder participation, how does management plan to attract institutional interest in the BSE SME listing?
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