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 held on December 5, 2025, approved availing financial facilities from two banks: ₹1.84 crore (One Crore Eighty-Three Lakh Ninety Thousand) from Kotak Mahindra Bank Limited and up to ₹2 crore from Axis Bank Ltd, totaling up to ₹3.84 crore in new borrowings. The Board also approved an investment in a new subsidiary company, DFC Milesix Private Limited (yet to be incorporated), to support business expansion by subscribing to its share capital. The total amount and purpose of the subsidiary investment were not disclosed in the filing. The Board meeting ran from 5:00 PM to 6:00 PM IST.
The new borrowings of up to ₹3.84 crore from two established private-sector banks suggest the company is securing working capital or growth funding, which is a routine but positive sign of bank confidence. The creation of a new subsidiary signals upcoming business diversification, though shareholders should watch for further details on the investment size and expansion plans.