Afcons Infrastructure Limited has announced the record date for the maturity of its commercial paper (CP) worth Rs. 55 crores. The company communicated this information to both BSE Limited and the National Stock Exchange of India through an official intimation dated March 12, 2026.

Commercial Paper Details

The infrastructure company has set March 13, 2026 as the record date for the commercial paper that was initially issued on October 15, 2025. This announcement follows the company's earlier communication dated October 15, 2025, regarding the issuance of these commercial papers.

Maturity Timeline

The commercial paper is scheduled to mature on March 16, 2026, representing a tenure of approximately five months from the original issue date. The record date of March 13, 2026 has been established three days prior to the maturity date, following standard market practices for such instruments.

Regulatory Compliance

The intimation was signed by Gaurang Parekh, Company Secretary and Compliance Officer (Membership No.: F8764), and was digitally executed on March 12, 2026. The communication was sent to both major stock exchanges as part of the company's regulatory disclosure obligations under applicable securities regulations.

The commercial paper remains listed on the National Stock Exchange of India, providing transparency and regulatory oversight for the debt instrument until its maturity.

Shapoorji Pallonji and Company Private Limited has filed a revised disclosure with stock exchanges regarding the pledge of equity shares in Afcons Infrastructure Limited, addressing regulatory compliance requirements under SEBI takeover regulations. The company submitted the revised disclosure on March 10, 2026, following feedback from stock exchanges regarding the initial filing made on February 17, 2026.

Revised Disclosure Details

The revision specifically addresses the requirement to include lender name details in the pledge disclosure documentation, as highlighted by the stock exchanges in their communication dated March 10, 2026. The company has now provided comprehensive details about the encumbrance arrangement.

Shareholding and Encumbrance Structure

Shapoorji Pallonji and Company Private Limited maintains a significant stake in Afcons Infrastructure Limited with comprehensive encumbrance arrangements across its holdings. The latest pledge brings the total encumbered shareholding to substantial levels.

Multiple Encumbrance Events

The disclosure reveals a complex structure of pledge arrangements with different entities and purposes. The company has encumbered shares through multiple events, with the latest pledge created in favor of Catalyst Trusteeship Limited for working capital requirements from JM Financial Credit Solutions Limited along with other investors.

Previous Encumbrance Details

The earlier encumbrance of 4,44,46,470 shares was created on June 25, 2025, representing a second charge arrangement. This was in addition to an initial first charge created on November 07, 2024, in favor of Catalyst Trusteeship Limited (Trustee) and Housing Development Finance Corporation Limited (Lender).

Valuation and Security Cover

The pledged shares carry substantial value based on market prices at the time of encumbrance creation. The valuation details demonstrate adequate security cover for the underlying obligations.

Regulatory Compliance

The revised disclosure demonstrates the company's commitment to meeting SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 requirements. The document was signed by R M Nentin, Director (DIN: 00004884), ensuring proper authorization and compliance with regulatory standards. The disclosure confirms that more than 50% of Shapoorji Pallonji's shareholding in Afcons Infrastructure Limited has been encumbered, triggering enhanced disclosure requirements under securities regulations.