Afcons Infrastructure Limited , a prominent player in the infrastructure sector, has successfully raised Rs 50.00 crores through the issuance of non-convertible debentures (NCDs) on October 14, 2025. This move demonstrates the company's strategic approach to capital raising and financial management.

Key Details of the NCD Issue

Terms and Structure

The NCDs issued by Afcons Infrastructure are unsecured, listed, and redeemable. The company has structured the interest payments to occur annually, with scheduled payment dates on October 14, 2026, October 14, 2027, and October 13, 2028. The principal amount will be redeemed at par on the maturity date.

Significance and Implications

This NCD issuance reflects Afcons Infrastructure's ability to attract investor interest in the current market environment. The AA- rating from CRISIL, coupled with a stable outlook, indicates a high degree of safety regarding timely servicing of financial obligations and very low credit risk.

The successful placement of these NCDs could provide Afcons Infrastructure with additional financial flexibility to support its ongoing projects and future growth initiatives. It also demonstrates the company's diverse approach to funding, utilizing debt instruments alongside traditional financing methods.

Regulatory Compliance

In line with regulatory requirements, Afcons Infrastructure has made the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that investors and stakeholders are well-informed about the company's financial activities.

As the infrastructure sector continues to play a crucial role in India's economic development, the successful debt raising by companies like Afcons Infrastructure indicates ongoing investor confidence in the sector's growth potential and the financial health of its key players.

Afcons Infrastructure Limited , a leading player in the infrastructure and construction sector, has announced a series of significant corporate actions through a postal ballot notice dated October 10, 2025. The company is seeking shareholder approval for several key proposals, including the appointment of new directors and the implementation of an employee stock option plan.

Board Appointments

The company has proposed the appointment of two non-executive, non-independent directors:

1. Mr. Pallon Shapoorji Mistry (DIN: 05229734), aged 33, who brings extensive experience in strategic oversight and business transformation across the Shapoorji Pallonji Group's core sectors.

2. Mr. Firoz Cyrus Mistry (DIN: 09543123), aged 29, who offers a next-generation leadership perspective and expertise in strategic formulation and governance frameworks.

Additionally, the company seeks to appoint Mr. Santosh Balachandran Nayar (DIN: 02175871), aged 71, as an Independent Director for a term of five years. Mr. Nayar brings nearly four decades of experience in banking, finance, and infrastructure sectors.

Employee Stock Option Plan 2025

A key highlight of the postal ballot is the proposed "Afcons Infrastructure Limited – Employee Stock Option Plan 2025" (ESOP 2025). The plan aims to offer up to 1,83,89,232 stock options, representing 5% of the company's outstanding share capital. Key features of the ESOP 2025 include:

• Eligibility: Employees of Afcons, its subsidiaries, and associate companies
• Vesting Period: 1 to 5 years from the date of grant
• Exercise Period: Up to 5 years from the date of vesting
• Exercise Price: To be determined by the Nomination and Remuneration Committee, with a maximum discount of 20% to the market price

Remuneration Changes for Executive Directors

The company also proposes to vary the remuneration terms for two key executives:

1. Mr. Subramanian Krishnamurthy, Executive Chairman
2. Mr. Srinivasan Paramasivan, Managing Director

The variation includes their entitlement to participate in the ESOP 2025, subject to shareholder approval.

Voting Details

The e-voting period for these resolutions is set from October 12, 2025 (9:00 A.M. IST) to November 10, 2025 (5:00 P.M. IST). The results of the postal ballot are expected to be declared by November 12, 2025.

These proposed changes reflect Afcons Infrastructure's commitment to strengthening its leadership and aligning employee interests with long-term shareholder value. The introduction of the ESOP 2025, in particular, signals the company's focus on attracting and retaining top talent in the competitive infrastructure sector.

Shareholders are advised to review the detailed postal ballot notice for comprehensive information on each proposal before casting their votes.