AGI Infra Limited announced significant board changes and an important business decision following its board meeting held on March 30, 2026. The infrastructure company made key appointments, reconstituted several committees, and approved an extension for a major acquisition, as communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations.

Worldnext Realty Acquisition Extension

The board approved an extension of the payment period for 60% stake in Worldnext Realty LLP (LLPIN: AAX-0360) from March 31, 2026, to December 31, 2026. This decision continues the company's investment in the construction and real estate development sector.

Worldnext Realty LLP was incorporated on May 15, 2021, with its registered office in Ludhiana, Punjab. The LLP is engaged in construction of group housing projects, houses, and bungalows after acquiring land and carrying on related activities.

Independent Director Appointment

The board appointed Mrs. Nandini Kwatra (DIN: 11625130) as Additional Director in the category of Non-Executive Independent Director for a period of five years, effective from March 30, 2026, to March 29, 2031. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Mrs. Kwatra is a Chartered Accountant with over 11 years of expertise in taxation, auditing, and financial advisory services. She holds a Bachelor's Degree in Commerce and has completed the Diploma in Information System Audit (DISA), enhancing her expertise in IT governance, risk management, and system audits.

Committee Reconstitution

The board constituted a Risk Management Committee with four members and reconstituted the Audit Committee to include the newly appointed independent director.

The board meeting commenced at 3:15 PM and concluded at 4:10 PM on March 30, 2026, at the company's registered office. These changes reflect the company's commitment to strengthening its governance structure and expanding its business operations in the real estate sector.

AGI Infra Limited has announced a significant investment in Worldnext Realty LLP, acquiring a 60% stake through a phased cash consideration approach. The company has completed the first tranche payment of Rs. 12 crore out of a total investment commitment of Rs. 30 crore.

Investment Structure and Timeline

The acquisition involves a structured payment schedule with the company having already invested Rs. 12,00,00,000 (Rupees Twelve Crore Only) in the first tranche. The remaining balance of Rs. 18,00,00,000 (Rupees Eighteen Crore Only) is scheduled to be paid by March 31, 2026.

About Worldnext Realty LLP

Worldnext Realty LLP (LLPIN: AAX-0360) was incorporated on May 15, 2021, with its registered office located at Block D Hambran Road New Kitchlu Nagar, Ludhiana, Punjab. The LLP operates in the construction and real estate development sector, focusing on group housing projects, houses, and bungalows after acquiring land and carrying out related activities.

The LLP has a fixed capital contribution of Rs. 10,00,000 and has shown varying revenue performance over the past three years:

Strategic Rationale

The acquisition aligns with AGI Infra's business expansion objectives in the construction and real estate development industry. The investment represents a strategic move to broaden the company's operational footprint in the real estate sector. The transaction does not fall under related party transactions, and no promoter or group companies have any interest in the acquired entity.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation of the company's earlier intimation dated August 28, 2025. No governmental or regulatory approvals are required for this acquisition, and the transaction has been structured as an arm's length deal.