13th AGM scheduled on September 25, 2026 at 03:30 PM

Date: September 03, 2026 BSE Limited, 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001. Symbol: 544224 Dear Sir / Madam, Sub: Annual Report of the Company for the F.Y. 2025-26 along with the Notice convening 13th Annual General Meeting Pursuant to Regulation 30 and 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Annual Report for the financial year 2025-26 along with the notice of the 13th Annual General Meeting (AGM) of the Company scheduled on Friday, 25th September 2026 at 03:30 PM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The said documents will also be available on the website of the company at www.afcomcargo.com. In compliance with the MCA Circulars and SEBI Circulars, the AGM of the members of the Company is being held through VC / OAVM. The Notice of the 13th Annual General Meeting and Annual Report for FY 2025-26 are being sent by email to the registered email addresses of the shareholders of the Company. The same is also available on the website of the Company at https://afcomcargo.com/wp- content/uploads/2026/09/Afcom-Annual-Report-FY-2025-26.pdf The Company has appointed Ms. Sri Vidhya Kumar, Partner of S.A.E. & Associates LLP, Practising Company Secretaries, as the Scrutinizer for the e-voting process , comprising remote e-voting and e-voting during the AGM. With reference to the above, the key details are provided below for the information of Shareholders: Particulars Event Dates & Time Date of Annual General Meeting Friday, September 25, 2026 Start Time of Annual General Meeting 03:30 PM Mode of Annual General Meeting Video Conferencing (VC) / Other Audio- Visual Means (OAVM) Cut-off Date for Registration as September 18, 2026 Speaker Cut Off Date for eligibility in Remote e- Friday, September 18, 2026 Voting Remote e-Voting Start Date Tuesday, September 22, 2026 Remote e-Voting Start Time 9:00 AM Remote e-Voting End Date Thursday, September 24, 2026 Remote e-Voting End Time 5:00 P.M. We request you to take the same on record. Thanking You, For AFCOM HOLDINGS LIMITED Name : Ajith Kumar Designation : Company Secretary and Compliance Officer Afcom Holdings Limited Annual Report 2025-26 The New Routes of Trade Expanding Connectivity. Unlocking Markets. Company Overview Afcom Holdings Limited | Annual Report 25-26 Index The New Routes of Trade Expanding Connectivity. Unlocking Markets. Company Overview Statutory Reports 04 About The Company 24 Management Discussion & Analysis 05 Key Facts 31 Corporate Information 06 Chronicle of Afcom’s Growth 32 Notice 08 Business Overview Global trade is continually creating new routes and opportunities, making connectivity an 53 Board’s Report 10 Strategic Partnerships increasingly important enabler of growth. Afcom is building its journey around this evolving 75 Report On Corporate Governance landscape by strengthening its international cargo network and connecting India with key 11 Global Networks & Presence markets across South Asia, Southeast Asia, the Middle East and emerging geographies. With 12 Operational Excellence the induction of its third aircraft, expanding network and strategic partnerships, the Company 14 Human Capital Financial Statement is steadily building greater capacity and reach across important trade corridors. 15 Awards & Recognitions 98 Independent Auditors Report Looking ahead, Afcom is focused on creating stronger connections and opening access to new 16 Chairman & Managing Director's Message 109 Financial Statements markets. Fleet expansion, route optimisation, operational excellence and deeper partnerships 18 Whole -Time Director’s Message are strengthening the Company’s ability to respond to evolving cargo flows and customer 20 Board Of Directors 119 Notes to Financial Statements requirements. As Afcom explores long-haul opportunities and newer markets including 22 Key Financial Performance Highlights Australia and Europe, each new route represents an opportunity to connect businesses, facilitate the movement of critical cargo and build a more agile international cargo network for sustainable growth. FORWARD-LOOKING STATEMENT The report contains forward-looking statements that involve risks and uncertainties. When used in this discussion, words like ‘plans,’ ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ or similar expressions related to the Company or its business are intended to identify such forward-looking statements. Forward looking statements are based on certain assumptions and expectations of future events. The Company’s actual results, performance or achievements could vary materially from those expressed or implied in such forward-looking statements. The Company undertakes no obligation or responsibility to publicly amend, update, modify or revise any forwardlooking statements based on any new information, assumption, expectations, future event, subsequent development, or otherwise. This Annual Report can be downloaded from our website at https://afcomcargo.com/ 22 33 Company Overview Afcom Holdings Limited | Annual Report 25-26 About The Company Key Facts Afcom Holdings Limited is an India-based international air cargo company engaged in providing dedicated air freight transportation services. The Company serves as a critical link in global supply chains by facilitating the movement of cargo across international markets focussing ASEAN and Middle Eastern markets through its 2013 20,000+ 2024 airport-to-airport connectivity model. Established Flying Hours Experience Listed on BSE SME The Company specialises in the transportation of time-sensitive and high-priority cargo, including perishables, pharmaceuticals, medical supplies, electronics and industrial goods. Afcom provides reliable air cargo capacity to freight forwarders who in turn service the logistics companies, exporters and importers, industries, etc. to offer seamless movement of goods across key trade corridors. 200+ 3 24 With a growing international network spanning South Asia, Southeast Asia, the Maldives, the Middle East and other emerging markets, Afcom has established itself as a trusted cargo airline focused on operational reliability, Collective Aviation & Cargo Aircraft Fleet Operating Crew Members safety and service excellence. Supported by fleet expansion, diversified market concentration and strong industry Industry Experience relationships, the Company continues to strengthen its role in providing faster and reliable services connecting India to the International markets. Core Values 100+ 24 X 7 24,353.42 tonnes Employees Operational & Maintenance The Principles That Drive AFCOM Cargo Handled During FY26 Control Centre Customer First Act with Integrity Innovation FY26 Revenue FY26 EBITDA Margin FY26 PAT Margin ₹ 58,310.84 40.5% 20.7% Lakhs Service Excellence Build on Trust Reliable Vision Mission To be the most admirable company for all To become the most trusted logistics partner by stakeholders with focus on service excellence. ensuring flawless cargo delivery through proactive planning, technology, and commitment to performance. 44 55 Company Overview Afcom Holdings Limited | Annual Report 25-26 Chronicle of Afcom’s Growth Building the Foundation From Foundation to Scale 2026 Capital Raised Penetrating Middle Eastern markets by operating directly into Dubai IPO (2024) Preferential Issue (FY26) QIP (FY27) Total Capital Mobilised 2025 ₹73.83 Cr ~₹205 Cr ₹199.85 Cr ~₹479 Cr Signed Strategic Partnership with Republic of Naoero (Formerly known as Republic of Nauru) Fleet Expansion 2024 At Listing FY26 In Pipeline Obtained AOP, inducted freighters and listed on BSE SME 2 Aircraft 3 Aircraft 2 Boeing narrow body Aircraft (737-800) 2023 4 Boeing wide body Aircraft (777) Converted into a Public Limited Company 2022 Appointed TTK Group as GSA; recognised by DSV Geographic Expansion Strategic Milestones 2021 Commenced commercial operations » Strengthened presence in » Designa [Showing first 8,000 characters — download PDF for full document]