Outcome of the Board Meeting held on November 12, 2026

Date: November 12, 2026 BSE Limited, 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai- 400 001. Symbol: 544224 Symbol: 544224 Sub: Outcome of Board Meeting held on August 14, 2026 under Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of the Board of Directors (the "Board") of the Company which commenced at 05:00 PM and concluded at 10:00 PM today have inter-alia transacted the following: 1. Approved the unaudited financial statements and its limited review report for the period ended September 30, 2026. In this regard, please find enclosed copies of the following: i. Statement showing the unaudited financial results including Statement of Assets and Liabilities, Profit and Loss Statement and Cashflow Statement for the period ended September 30, 2026. ii. Limited Review Report on the financial statements of the Company issued by M/s. PPN and Company, Chartered Accountants, our Statutory Auditors pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same is enclosed as Annexure-A. 2. Approved the Monitoring Agency Report for funds raised through Preferential Issue along with the Board comments for the quarter ended June 30, 2026. 3. Approved the Monitoring Agency Report for funds raised through Qualified Institutional Placement along with the Board comments for the quarter ended June 30, 2026. 4. Took note of a business update regarding the Indian subsidiary Global Indavi Private Limited for taking equity investments. 5. Conversion of 1,25,000 warrants into equal number of equity shares of the Company This is in continuation to our intimation dated December 17, 2025 regarding the allotment 11,65,000 convertible warrants at an issue price of Rs. 863.17/- having face value Rs. 10/- and at a premium of Rs. 853.17/- each convertible into an equivalent number of Equity Shares. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that 2 (Three) of the said warrant holders have applied for conversion of Convertible Warrants into Equity Shares along with receipt of the remaining exercise price of Rs.647.37 per warrant being 75% of the issue price (Rs.863.17) per warrants. AFCOM HOLDINGS LIMITED CIN : L51201TN2013PLC089652 Q Regd. Office : 9Corporate Office : 9Airport Office : GSTIN : 33AALCA3603M1ZQ No.2, LIC Colony, Dr.Radhakrishnan 3rd Floor, lndiQube Palmyra Integrated Air Cargo Complex, \. 044 22213333 Nagar, Thiruvanmiyur, Plot No. 16 (NP), SIDCO Industrial Estate, Phase-Ill, 2nd Floor, Meenambakkam, ~ info@afcomcargo.com Chennai -600041, India. Ekkattuthangal, Guindy, Chennai -600032, India. Chennai - 600027, India. ®) www.afcomcargo.com Consequently, the Board of Directors has approved the conversion of the said warrants into equity shares to the warrant holder. As per ICDR Regulations, warrant holders can convert the balance warrants by June 17, 2027 (18 months from the date of allotment). The new equity shares so allotted shall rank pari passu with the existing equity shares of the Company in all respects, including the payment of dividend and voting rights. The application for listing and trading approval of the Stock Exchange for the equity shares allotted as mentioned above shall be made in due course. The Equity Shares so allotted to the respective allottees shall be locked in for such period as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Pursuant to Regulation 30 and Schedule III of the Listing Regulations, read with the SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Disclosure Circular”), the detailed disclosure in respect of the allotment of equity shares pursuant to conversion of warrants is set out below at Annexure-B. 6. Took note of the resignation of Wg. Cdr. Jaganmohan Manthena (Retd.) (DIN: 03139809), Non- Executive Director of the Company along with his Resignation Letter in Annexure-C1. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable SEBI circulars, the detailed disclosure in respect of the resignation of Wg. Cdr. Jaganmohan Manthena, Non-Executive Non-Independent Director of the Company, is set out below at Annexure-C. This disclosure will also be hosted on the website of the Company i.e., https://afcomcargo.com/. Kindly take the same on your record. Thanking You, For AFCOM HOLDINGS LIMITED Name : Ajith Kumar Designation : Company Secretary and Compliance Officer AFCOM HOLDINGS LIMITED CIN: L51201TN2013PLC089652 Q Regd. Office : QCorporate Office : 9Airport Office: GSTIN : 33AALCA3603M1ZQ No.2, LIC Colony, Dr.Radhakrishnan 3rd Floor, lndiQube Palmyra Integrated Air Cargo Complex. \. 044 22213333 Nagar. Thiruvanmiyur. Plot No. 16 (NP). SIDCO Industrial Estate. Phase-Ill. 2nd Floor. Meenambakkam. ~ info@afcomcargo.com Chennai -600041. India. Ekkattuthangal. Guindy. Chennai -600032, India. Chennai - 600027. India. ,Jit, ,,vww.afcomcargo.com Annexure-A CA- i>i>NAND COMPANY CHARTERED ACCOUNTANTS IND I A No.2, IV Cross Street, Sterling Road, Nungambakkam, Chcnnai -600034. (Near to Loyola College) Pb : 044 -2828 0033, Cell : 98847 46227 E-mail : info@ppnaco.com I Web : www.ppnaco.com Independent Auditor's Limited Review Report on unaudited Standalone Financial results of AFCOM HOLDINGS LIMITED for the Half year ended 30111 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors, AFCOM HOLDINGS LIMITED, No. 2, LIC Colony, Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai - 600 041, Tamil Nadu, India. I. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of AFCOM HOLDINGS LIMITED ("the Company"), for the Half year '!nded 30111 September 2026 ("the Statement") being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015 as amended from time to time ("the Listing Regulations"). 2. This statement which is the responsibility of the Company's Management and has been approved by the Board of Directors and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ("Ind As 34 "Interim Financial Reporting") prescribed under section 133 of the Companies Act 20 I 3 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review. 3. Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act 2013 and consequently does not enable us to obtain assurance that we would be aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes [Showing first 8,000 characters — download PDF for full document]