Afcom Holdings MD, chairman, board of directors and AGM
BSE: 544224Transport ServicesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹1,371.45.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,804 Cr1,109th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 11 Sep 2026
- 25.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 11 Sep 2026
- 44.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.14
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,74,600
Afcom Holdings board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorDEEPAK PARASURAMAN
- Company Secretary and Compliance OfficerAjith Kumar
8 directors5 independent2 executive1 non-executive
- DEEPAK PARASURAMAN · Chairperson and managing directorExecutive · joined Feb 2013 · 2 listed boards · 2 committee seats
- KANNAN RAMAKRISHNANExecutive · joined Mar 2023 · 2 listed boards · 3 committee seats
- JAGANMOHAN MANTHENANon-executive · joined Apr 2018 · 1 listed board · 1 committee seat
- LALIT GUPTAIndependent · joined Mar 2023 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- NATARAJAN SRINIVASANIndependent · joined Oct 2023 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- RASHMI PRITHVIRAJIndependent · joined Dec 2023 · 60 months as independent · 1 listed board · 1 as independent
- SUDHIR LAXMIKANT DEORASIndependent · joined Mar 2025 · 24 months as independent · 1 listed board · 1 as independent
- ARUNDHATI MECHIndependent · joined Mar 2025 · 24 months as independent · 2 listed boards · 2 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20268 of 8 present5 independent · 22 days in between
- 5 May 20268 of 8 present5 independent · no day in between
- 4 May 20268 of 8 present5 independent · 82 days in between
- 10 Feb 20268 of 8 present5 independent
Audit Committee
Chair NATARAJAN SRINIVASAN
LALIT GUPTA, JAGANMOHAN MANTHENA
- 28 May 20263 of 3 present2 independent · 106 days in between
- 10 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair NATARAJAN SRINIVASAN
JAGANMOHAN MANTHENA, RASHMI PRITHVIRAJ
- 28 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair NATARAJAN SRINIVASAN
DEEPAK PARASURAMAN, KANNAN RAMAKRISHNAN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair KANNAN RAMAKRISHNAN
DEEPAK PARASURAMAN, RASHMI PRITHVIRAJ
No meeting listed in the filing.
Borrowings Committee
Chair DEEPAK PARASURAMAN
KANNAN RAMAKRISHNAN
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- PPN & CompanyPeer-review certificate valid to Sep 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Afcom Holdings AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Afcom Holdings share news and announcements
Annual general meeting, 25 Sep 2026
8,140 shareholders on the register on 18 Sep 2026; present: 3 promoters and 45 others; votes counted by Mrs. Sri Vidhya Kumar / S.A.E. and Associates LLP.The company's voting result (opens in a new tab)
- 1 - To adopt the audited Financial Statements, Boards Report & Auditors Report as an Ordinary Resolution.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 2 - To reappoint Mr. Jaganmohan Manthena, Non- Executive Director (DIN: 03139809) who retires by rotation, and being eligible offers himself for reappointment as an Ordinary Resolution.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 3 - To re-appoint the Ms. PPN and Co., Statutory Auditors of the Company for a period of 2 years as an Ordinary Resolution.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 4 - To increase the Borrowing Powers of the Company up to Rs. 500 crores as a Special Resolution.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 5 - To Increase the Authorised Share Capital of the Company and Consequential amendment to the Capital Clause in the Memorandum of Association.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 6 - To approve the formulation and implementation of Employees Stock Option Scheme(s) as a Special Resolution.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
- 7 - To approve revision in the remuneration payable to Capt. Deepak Parasuraman, Managing Director as a Special Resolution.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 11.73% · promoters 14.98% · institutions 27.68% · other public 7.27%
- 8 - To approve revision in the remuneration payable to Mr. Kannan Ramakrishnan, Whole-Time Director as a Special Resolution.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 24.86% · promoters 51.80% · institutions 27.68% · other public 7.27%
- 9 - To continue Mr. Sudhir Laxmikant Deoras (DIN:00206099) as an Independent Director of the Company as a Special Resolution.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 25.70% · promoters 54.17% · institutions 27.68% · other public 7.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 25 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- 1 - To adopt the audited Financial Statements, Boards Report & Auditors Report as an Ordinary Resolution.1 for0 against
- 2 - To reappoint Mr. Jaganmohan Manthena, Non- Executive Director (DIN: 03139809) who retires by rotation, and being eligible offers himself for reappointment as an Ordinary Resolution.1 for0 against
- 3 - To re-appoint the Ms. PPN and Co., Statutory Auditors of the Company for a period of 2 years as an Ordinary Resolution.1 for0 against
- 4 - To increase the Borrowing Powers of the Company up to Rs. 500 crores as a Special Resolution.1 for0 against
- 5 - To Increase the Authorised Share Capital of the Company and Consequential amendment to the Capital Clause in the Memorandum of Association.1 for0 against
- 6 - To approve the formulation and implementation of Employees Stock Option Scheme(s) as a Special Resolution.
Against Quantum Mutual Fund
- Quantum Mutual FundThe company seeks blanket approval to formulate and implement an Employees Stock Option Scheme(s) without disclosing any scheme details (pool size, pricing, eligibility, vesting) or confirming that shareholders will approve the final terms. We do not support the resolution due to this lack of disclosure and accountability.
0 for1 against - 7 - To approve revision in the remuneration payable to Capt. Deepak Parasuraman, Managing Director as a Special Resolution.
Against Quantum Mutual Fund
- Quantum Mutual FundWe donot have any concerns with the remuneration of Capt. Deepak Parasuraman. We take note that Capt. Deepak Parasuraman, holds the position of Chairman & MD of the company. We are of the view that holding dual position may lead to concentration of power. Therefore, we do not favour the resolution.
0 for1 against - 8 - To approve revision in the remuneration payable to Mr. Kannan Ramakrishnan, Whole-Time Director as a Special Resolution.1 for0 against
- 9 - To continue Mr. Sudhir Laxmikant Deoras (DIN:00206099) as an Independent Director of the Company as a Special Resolution.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome Tax AuthoritySince 1 Aug 2025Assessment is under process by IT as a regular assessment for AY 2024-25 pertaining to Assessment Proceeding under Section 143(3)
- Tax disputeIncome Tax AuthoritySince 1 Jun 2023
Pending for appeal for a demand of Rs. 6,58,53,330/- for demand arised due to Valuation issues for AY 2022-23 pertaining to Assessment Proceeding under Section 143(3). The Hon’ble Principal Commissioner of Income Tax (PCIT) has granted a stay in collection of demand of Rs. 658.53 Lakhs with a direction to deposit a sum of Rs. 7.50 Lakhs per month pending disposal of the appeal. The Assessee has ben depositing the tax in compliance with the order of the PCIT.MoreLess
- Tax disputeIncome Tax AuthoritySince 1 Aug 2025Notice was received for Rs. 30,300/- vide letter dated 29/09/2025At the filing before: Pending
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesDec 2025, checked by BRICKWORK RATINGS INDIA PRIVATE LIMITED | 129.61 | – | – | No |