Our Company has been declared as a "Designated Indian Career" by the Ministry of Finance vide their Gazette Notification No. S.O. 859(E) issued in exercise of the powers conferred under ....
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Awaiting price reaction for this filing.
Afcom Holdings has been officially designated as a 'Designated Indian Carrier' by the Ministry of Finance via Gazette Notification dated February 17, 2026. This designation exempts the company from paying 29% VAT on Aviation Turbine Fuel purchases made at Chennai for its export operations. The company estimates this will translate into operational cost savings of around 5% to 7% of overall operating costs. Management expects a positive impact on operating margins and overall financial performance going forward. The disclosure was made under SEBI LODR Regulation 30.
This is a meaningful cost-saving tailwind for shareholders — the VAT exemption on jet fuel (a major cost for the company) should directly boost operating margins by 5-7%. The stock could see positive sentiment as this structural benefit improves profitability on existing and future export operations.