Dhillon Freight Carrier has scheduled its 12th Annual General Meeting (AGM) for September 29, 2026. The meeting will convene at 12:30 pm via video conferencing to approve the FY26 financials and a proposed doubling of authorized share capital.

The Board of Directors approved the draft notice during its meeting on September 4, 2026. Shareholders will vote on adopting the audited financial statements for the fiscal year ended March 31, 2026.

Financial Performance FY26

The company reported total operating income of ₹2,584.19 lakh for FY26, an increase from ₹2,522.15 lakh in FY25. However, profitability contracted due to higher operating costs.

Revenue from operations stood at ₹2,532.06 lakh, up from ₹2,473.97 lakh in the previous year. Cost of rendering services rose to ₹2,012.17 lakh from ₹1,956.70 lakh, compressing margins. Depreciation expense decreased to ₹123.41 lakh from ₹143.28 lakh.

Capital Structure Change

The board seeks shareholder approval to increase authorized share capital from ₹4 crore to ₹8 crore. The new structure will comprise 75 lakh equity shares of ₹10 each and 5 lakh preference shares of ₹10 each. This requires a special resolution.

As of March 31, 2026, the issued, subscribed, and paid-up equity share capital was ₹3.92 crore, comprising 39.20 lakh shares. This followed an IPO that raised ₹10.08 crore earlier in the year.

Governance and Appointments

Mrs. Joyce Singh Dhillon retires by rotation and offers herself for re-appointment as a director. She has expertise in human resource management and corporate strategy.

Key governance appointments include:

• M/s. Sourav Dokania Kumar & Co. as internal auditor for FY26-27 through FY28-29.
• Miss Disha Dugar Jhunjhunwala as scrutinizer for remote e-voting.
• Approval of consultancy fees for Mr. Joginder Singh Dhillon.

What the Numbers Show

While top-line growth remained positive at 2.5%, the decline in net profit by nearly 25% highlights margin pressure. The cost of rendering services increased faster than revenue, indicating operational inefficiencies or higher input costs that outpaced pricing power. Additionally, the company decided to plough back all profits, recommending no dividend for FY26.

Dhillon Freight Carrier Limited has scheduled a board meeting for May 29, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The meeting will also address the appointment of a secretarial auditor and authorize borrowing funds from ICICI Bank. The trading window for dealing in the company's equity shares has been closed since April 01, 2026, and will remain shut until 48 hours after the financial results are communicated to the stock exchange.

Agenda for the Board Meeting

The Board of Directors will deliberate on several key agenda items during the session scheduled for 5.00 P.M. on Friday. The primary focus is the approval of the audited financial statements for the specified period. Additionally, the board will consider the appointment of Miss Disha Dugar Jhunjhunwala as the Secretarial Auditor for the financial year 2025-2026.

Financial and Operational Approvals

The meeting includes a proposal to authorize the execution of documents necessary for shifting the Delhi Branch Office from its current rented premises to a new location at DLF Building in Delhi. Furthermore, the board will seek approval to borrow a sum of Rs 1 crore from ICICI Bank to support the company's financial requirements.

Trading Window Closure

In accordance with the Company's Code of Conduct for the prevention of Insider Trading, framed under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window remains closed. This restriction, effective from April 01, 2026, ensures compliance with regulatory standards during the period leading up to the financial results announcement.