AFCOM Holdings Limited announced the successful induction of its third aircraft at Chennai International Airport on December 30, 2025. The milestone event was marked with a traditional water cannon salute, highlighting the significance of this fleet expansion for the integrated air cargo solutions company.

Fleet Expansion Milestone

The company's announcement details the key aspects of this operational development:

Management Commentary and Strategic Direction

Commenting on the development, Capt. Deepak Parasuraman, Chairman & Managing Director of AFCOM Holdings Limited, said: "The induction of our third aircraft strengthens our operating platform and enhances our ability to serve customers across expanding trade lanes. We remain focused on disciplined growth while building a reliable and scalable cargo network."

The induction aligns with AFCOM's long-term strategy to scale operations in line with market demand while maintaining operational efficiency and service reliability. With Chennai serving as a strategic operational hub, the additional aircraft enhances the company's ability to meet rising demand for air cargo services across multiple sectors, including time-sensitive and specialized cargo segments.

Company Profile and Financial Performance

AFCOM Holdings Limited, established in 2013, operates as one of the leading players in the air cargo transportation industry. Founded by aviation veteran Capt. Deepak Parasuraman, who brings over 25 years of sector experience, the company offers comprehensive cargo solutions including General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods, and High-Value Cargo.

The company's financial performance demonstrates strong operational metrics:

Regulatory Compliance and Future Outlook

The announcement was made through official regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Company Secretary and Compliance Officer Ajith Kumar signing the communication. The company continues to focus on network expansion, customer diversification, and disciplined capacity deployment while exploring new partnerships and routes to enhance global service offerings across various ASEAN countries.

Afcom Holdings Executes Major Capital Raising Initiative

Afcom Holdings Limited has successfully completed a significant capital raising exercise through preferential allotment of equity shares and convertible warrants. The company's board meeting held on December 17, 2025, approved the allotment of securities worth over ₹204 crores, marking a substantial expansion of the company's capital base.

Equity Shares Allotment Details

The company has allotted 12,10,390 equity shares of face value ₹10 each at an issue price of ₹863.17 per share, including a premium of ₹853.17. The allotment details are presented below:

Share Capital Impact

Following the allotment, the company's paid-up equity share capital has increased significantly:

Convertible Warrants Issuance

Simultaneously, the company allotted 11,65,000 convertible warrants at ₹863.17 each, aggregating to ₹100.56 crores. These warrants are convertible into equity shares within 18 months from the allotment date, with the final conversion deadline set for June 16, 2027.

Corporate Governance and Expansion Initiatives

The board also approved the constitution of a Corporate Social Responsibility Committee, with Mr. Kannan Ramakrishnan as Chairman, Capt. Deepak Parasuraman as Member, and Ms. Rashmi Prithviraj as Member. Additionally, the company received approval for incorporating a wholly-owned subsidiary in Dubai, UAE, to expand operations in international markets.

Regulatory Compliance and Lock-in Provisions

The allotted equity shares and warrants will be subject to lock-in periods as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will apply for listing and trading approval of the newly allotted equity shares within prescribed timelines.