Afcom Holdings Limited has announced significant changes to its corporate structure and share capital following the approval of shareholders at the company's 12th Annual General Meeting (AGM) held on September 25, 2025. The meeting, which took place via video conferencing, saw the passage of several important resolutions that will shape the company's future financial flexibility and capital structure.

Alterations to Articles of Association

One of the key changes approved by shareholders is the insertion of Article 92(47A) in the company's Articles of Association (AOA). This new article grants Afcom Holdings the authority to issue convertible warrants and convertible securities through various methods, including preferential allotment, rights issues, and private placements.

The newly inserted article states:

"Notwithstanding anything contained in these Articles, the Company shall be entitled to issue, offer and allot Convertible warrants or Convertible Securities (including but not limited to fully or partly convertible debentures or any other instruments convertible into equity shares), whether by way of preferential allotment, rights issue, private placement or otherwise, in accordance with the provisions of the Companies Act, 2013, and the rules made thereunder, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of law as may be applicable from time to time."

This amendment provides Afcom Holdings with greater flexibility in raising capital and structuring financial instruments to meet its future needs.

Modification of Memorandum of Association

Shareholders also approved the substitution of Clause V in the company's Memorandum of Association (MOA), which pertains to the authorized share capital. The revised clause now reads:

"The Authorised Share Capital of the Company is Rs. 30,00,00,000/- (Rupees Thirty Crores Only) divided into 3,00,00,000 (Three Crore) equity shares of Rs. 10 Each."

This modification formalizes the company's authorized share capital structure, setting it at Rs. 30.00 crores divided into 3.00 crore equity shares with a face value of Rs. 10.00 each.

AGM Details and Voting Results

The 12th AGM of Afcom Holdings Limited was conducted through video conferencing and other audio-visual means (VC/OAVM) on September 25, 2025. The meeting commenced at 3:30 PM and concluded at 4:35 PM.

According to the company's filing, all resolutions presented in the AGM notice were passed by the members with the requisite majority. The detailed voting results, as scrutinized by Mrs. Sri Vidhya Kumar, Partner of M/s. S.A.E & Associates LLP, will be uploaded in XBRL format within two working days from the conclusion of the AGM.

Afcom Holdings has stated that the consolidated scrutinizer's report is available on the company's website at www.afcomcargo.com for shareholders and interested parties to review.

These approved changes are expected to enhance Afcom Holdings' ability to manage its capital structure effectively and provide additional avenues for future growth and expansion.

Afcom Holdings Limited (AFCOM) has announced a strategic partnership with Air India SATS Airport Services (AISATS) for freighter operations at the soon-to-be-launched Noida International Airport. This collaboration marks a significant step in enhancing North India's air cargo capabilities and supporting the country's ambitions in global trade.

Partnership Details

AISATS, through its wholly-owned special purpose vehicle AISATS Noida Cargo Terminal Private Limited (ANCTPL), aims to establish Noida International Airport as the premier cargo gateway in North India. This initiative is designed to complement existing major hubs such as Delhi and Mumbai, potentially reshaping the air cargo landscape in the region.

Strategic Importance

The partnership holds particular significance given Delhi's current status as the Indian airport handling the highest air cargo tonnage for both exports and imports. By joining forces with AISATS, Afcom Holdings is positioning itself to tap into India's largest air cargo market.

Synergies and Expectations

The collaboration leverages AISATS' infrastructure expertise alongside Afcom's expanding international freighter network. This synergy is expected to create a robust platform for efficient cargo operations at the new airport.

Implications for India's Trade Ambitions

This development aligns with India's broader ambition to become a global trade powerhouse. By enhancing air cargo capabilities in the strategically important North Indian region, the Afcom-AISATS partnership could play a crucial role in boosting the country's trade infrastructure.

Looking Ahead

As the Noida International Airport project progresses, industry observers will be keenly watching how this partnership unfolds and its potential impact on regional and national air cargo dynamics. The success of this venture could set a precedent for similar collaborations in other emerging airport projects across India.