Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, we hereby inform that the Board of Directors of the Company ....
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The Board of Directors of Dhillon Freight Carrier Limited, at its meeting on January 30, 2026, approved two key matters. First, the Board took note of the full satisfaction of a charge registered with Kotak Mahindra Bank Limited (Charge ID 100649735, originally created on December 9, 2022) following repayment of the underlying borrowings. Second, the Board withdrew its earlier proposal to invest in DFC Milesix Private Limited and instead approved an investment in a new entity called DFC ECOMOVE Private Limited, which will be incorporated as a wholly-owned subsidiary of the company. The Board authorised a director to file Form CHG-4 with the Registrar of Companies to formally close the satisfied charge.
Positive signal for shareholders — the company has fully repaid its borrowing from Kotak Mahindra Bank, strengthening its balance sheet by eliminating that debt obligation. The shift in subsidiary investment plan reflects a strategic pivot toward a new venture (DFC ECOMOVE Private Limited), which could reshape the group's future business direction once incorporated.