Board Meeting14 Aug 2026, 06:34 pm
Afcom Holdings approves financial results, warrant conversion
AI Summary
Afcom Holdings Ltd's Board of Directors met to approve unaudited financial statements for the period ended June 30, 2026, along with its limited review report. The board also approved the conversion of 15,000 warrants into an equal number of equity shares, increasing the company's paid-up equity share capital. Additionally, reports on funds raised through preferential issue and qualified institutional placement were approved. The company also provided an update on the incorporation of its wholly-owned subsidiary in Dubai, UAE, and its Indian subsidiary for MRO services.
Key Highlights
- Board approved unaudited financial statements for period ended June 30, 2026.
- 15,000 warrants converted into equity shares, increasing paid-up capital.
- Monitoring Agency Reports for preferential issue and QIP approved.
- Wholly-owned subsidiary 'Afcom Cargo FZCQO' incorporated in Dubai.
- Update on Indian subsidiary for aircraft MRO services provided.
Price Impact
More from AFCOM