Afcons Infrastructure has received a favourable arbitration award of ₹148.67 crores pertaining to claims arising out of a tunnel project. The Arbitral Tribunal has also directed the release of the company's bank guarantee, a development that is expected to have a positive impact on its financial position. The award was received on June 30, 2026, and is subject to the condition that the counter-party does not challenge the award within the stipulated period prescribed under law.

Arbitration Award Details

The dispute relates to the Construction of Tunnel T74-R balance work from Adit between Km 127/660 to Km 130/950 (length 3290m) on the Dharaam-Qazigund section of the USBRL Project (Package – T-74R-A) at Jammu and Kashmir. The Arbitral Tribunal granted the award in favour of the company, resolving the claims associated with this infrastructure project.

The company submitted the intimation to BSE Limited and National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made by Gaurang Parekh, Company Secretary and Compliance Officer.

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