Afcons Infrastructure Limited has issued a clarification to BSE Limited regarding the recent significant increase in trading volume of its shares across exchanges. The response came following an inquiry from BSE dated April 16, 2026.

BSE Inquiry and Company Response

The stock exchange had sought clarification through letter No. L/SURV/ONL/PV/SG/2026-2027/39 regarding the notable surge in trading volumes. In its official response, Afcons Infrastructure addressed the concerns raised by the exchange authorities.

Market-Driven Volume Movement

The company clarified that the increased trading volume is market-driven and stated it does not possess any undisclosed information that could be related to the surge in share trading activity. This response aligns with standard market practice where companies are required to clarify unusual price or volume movements when queried by exchanges.

Regulatory Compliance Framework

Afcons Infrastructure emphasized its commitment to regulatory compliance, stating that it regularly discloses events and information to stock exchanges as mandated under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company assured that any material developments will continue to be disclosed in accordance with regulatory requirements.

Official Documentation

The clarification was digitally signed by Gaurang Parekh, Company Secretary and Compliance Officer (Membership No.: F8764), ensuring proper authentication of the corporate communication. The response was submitted to BSE's Corporate Relationship Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Afcons Infrastructure Limited has submitted its quarterly compliance certificate to both BSE and NSE for the quarter ended March 31, 2026. The filing, dated April 06, 2026, fulfills the company's regulatory obligations under SEBI (Depositories & Participants) Regulations, 2018.

Regulatory Compliance Certificate

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Gaurang Parekh signed the submission, confirming adherence to prescribed dematerialization procedures during the reporting quarter.

Dematerialization Process Confirmation

The company confirmed that all equity share certificates received for dematerialization during the quarter were processed according to regulatory standards. The certificate states that shares were mutilated and cancelled only after due verification, with depositories' names properly substituted as registered owners for dematerialized equity shares.

Registrar Verification

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, provided supporting confirmation dated April 02, 2026. The registrar verified that all dematerialization procedures were completed within prescribed timelines and regulatory requirements were met.

Stock Exchange Submission

The compliance certificate was simultaneously submitted to both major Indian stock exchanges where Afcons Infrastructure shares are listed. The company maintains its listing obligations through regular quarterly filings and adherence to SEBI guidelines.

This routine compliance filing demonstrates Afcons Infrastructure's commitment to maintaining transparency and regulatory adherence in its share transfer and dematerialization processes.