Dhillon Freight Carrier promoters and persons acting in concert (PACs) increased their stake in the company to 66.28% following an open market acquisition on September 10, 2026.

The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange on September 11, 2026.

Acquisition Details

The promoter group purchased 78,400 equity shares carrying voting rights. This transaction added 2% to their existing holding relative to the total share and voting capital.

The total equity share capital of the company remained unchanged at 39,20,000 shares before and after the transaction. There were no encumbrances, warrants, or convertible securities involved in this specific acquisition.

Promoter Group Composition

The acquirers include both individual promoters and entities within the promoter group. The disclosure lists the following entities as part of the concerted action:

• Karamveer Singh Dhillon (Promoter)
• Karan Singh Dhillon (Promoter)
• Sharmita Murarka (Promoter group)
• Diviya Murarka (Promoter group)
• Vedika Kothari (Promoter group)
• Krishnakripa Tracom Private Limited (Promoter group)

Sneha Agarwal, Company Secretary and Compliance Officer, signed the disclosure document.

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.