Board has at its meeting held today, i.e., Monday, May 04, 2026, inter alia, considered and passed the following resolutions: Approved and adopted the preliminary placement document ....
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Afcom Holdings Ltd has approved and adopted the preliminary placement document for a Qualified Institutions Placement (QIP) of equity shares with face value Rs. 10 each. The floor price for the issue has been fixed at Rs. 799.62 per share based on the SEBI ICDR Regulations pricing formula. The company may offer a discount of not more than 5% on the floor price if approved by shareholders. The relevant date for the issue is May 4, 2026. The trading window for designated persons remains closed from May 4, 2026 till 48 hours after the determination of the final issue price.
The QIP will dilute existing shareholder equity but provides capital for growth. The discount option of up to 5% may attract institutional investors but could slightly impact near-term stock valuation.