Afcons Infrastructure has fixed July 23, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2 per equity share for FY26. The payout, which translates to 20%, was recommended by the Board of Directors on May 18, 2026. Shareholders holding shares on the record date will receive the dividend on or before August 28, 2026, provided it is declared at the upcoming Annual General Meeting.

The company has scheduled its 50th Annual General Meeting for Thursday, July 30, 2026, at 3:00 P.M. IST via video conferencing. The meeting will be conducted in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The record date of July 23, 2026, also serves as the cut-off date to determine members eligible to vote on the resolutions set forth in the AGM notice.

Shareholders can participate in the remote e-voting process, which commences on July 26, 2026, at 09:00 a.m. IST and concludes on July 29, 2026, at 05:00 p.m. IST. The intimation regarding the record date and AGM was submitted in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted copies of the newspaper advertisement published in Business Standard, The Free Press Journal, and Navshakti on June 30, 2026, to the stock exchanges.

Key AGM and Dividend Details

Afcons Infrastructure Ltd has secured a Letter of Award from Vadhvan Port Project Limited (VPPL) to construct a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra. Valued at ₹5,301 crores (excluding GST), the project will be the second longest breakwater in the world upon completion. This strategic award strengthens the company's position in the marine infrastructure sector and supports India's ambition to become a global maritime hub.

The order was received in the normal course of business and disclosed to the exchanges on June 09, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The breakwater project is a key component of the Vadhvan Port, which is envisioned as India's largest public port with a handling capacity of 23.2 million TEUs.

Leadership Commentary

Krishnamurthy Subramanian, Executive Chairman of Afcons Infrastructure Ltd, stated that the award is a testament to the company's proven expertise in delivering complex and large-scale marine infrastructure projects. He highlighted that the Vadhvan breakwater project will serve as a strategic enabler for India's maritime ambitions.

S Paramasivan, Managing Director of Afcons Infrastructure Ltd, expressed pride in securing one of the world's landmark marine projects. He noted that the successful completion of this project would further strengthen the vision of Viksit Bharat.

Project at a Glance

The key details of the Vadhvan Port breakwater contract are summarised below:

About Afcons Infrastructure

Afcons Infrastructure Ltd is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. With a legacy of over six decades, the company operates in 31 countries across South Asia, Africa, the Middle East, and CIS. It is currently ranked as the 8th largest marine and port facilities contractor globally by Engineering News-Record (ENR), USA. The company has previously executed complex marine projects internationally, including the Bulk Jetty at Port of Sohar in Oman and the New Owendo International Port in Gabon.