Afcons Infrastructure promoter Shapoorji Pallonji and Company Private Limited has filed an official regulatory disclosure regarding the creation of a fresh pledge on 1,22,34,940 equity shares on February 16, 2026. The disclosure, submitted under SEBI regulations on February 17, 2026, was communicated to both BSE Limited and National Stock Exchange of India Limited where the company's shares are listed.

Official Regulatory Filing Details

The pledge disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, following the format prescribed by SEBI Circular No. SEBI/HO/CFD/DCRI/CIR/P/2019/90 dated August 07, 2019. The document was signed by F.K. Bhathena, Director of Shapoorji Pallonji and Company Private Limited (DIN: 00010075), and addressed to both stock exchanges where Afcons Infrastructure trades under scrip code 544280 on BSE and symbol AFCONS on NSE.

Pledge Specifications and Valuation

The pledged shares were valued at Rs 3,99,22,60,922 based on the NSE closing price of Rs 326.30 per share on February 16, 2026. On BSE, the shares were valued at Rs 3,99,10,37,428 at Rs 326.20 per share on the same date. The pledge has been created in favor of Catalyst Trusteeship Limited as debenture trustee for working capital requirements, securing an amount of Rs 170 crore with a security cover ratio of 2.347.

Complete Promoter Holdings Now Encumbered

With this latest pledge, Shapoorji Pallonji now has 100% of its shareholding in Afcons Infrastructure encumbered. The promoter holds a total of 5,66,81,410 shares, representing 15.41% of the company's total share capital. This includes a previous pledge of 4,44,46,470 shares (12.08% of share capital) created on June 25, 2025, in favor of SBICAP Trustee Company Limited for a working capital facility from a consortium of lenders led by State Bank of India.

Regulatory Compliance and Documentation

The official disclosure document confirms that the encumbered shares represent 100% of Shapoorji Pallonji's shareholding in Afcons Infrastructure, which constitutes 78.41% of the promoter's total holdings. The filing includes detailed annexures providing comprehensive information about existing encumbrances, security cover ratios, and the specific purpose of fund utilization. The document was copied to Mr. Gaurang Parekh, Company Secretary & Compliance Officer of Afcons Infrastructure Limited, ensuring proper communication channels as per regulatory requirements.

Afcons Infrastructure Limited has filed its quarterly compliance statement regarding the utilization of Non-Convertible Debentures (NCDs) proceeds for the quarter ended December 31, 2025. The statement was submitted to BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 52(7) of the SEBI (LODR) 2015.

Fund Raising and Utilization Details

The company successfully raised funds through private placement of Non-Convertible Debentures, demonstrating efficient capital deployment during the reporting period.

Compliance and Deviation Status

The quarterly statement confirms complete adherence to the original fund utilization plan without any deviations or variations. The company reported no deviation in either the objects or purposes for which the funds were raised, nor in the amount of funds utilized against the original disclosure.

Regulatory Filing Details

The statement was digitally signed by key company officials, ensuring proper authorization and compliance. Company Secretary and Compliance Officer Gaurang Parekh (Membership No. F8764) and Chief Financial Officer Ramesh Kumar Jha both authenticated the filing on February 10, 2026.

The company's ISIN number INE101I08081 and stock exchange symbols (BSE: 544280, NSE: AFCONS) were referenced in the filing, maintaining transparency in regulatory communications. The complete utilization of NCD proceeds within the specified quarter demonstrates the company's efficient capital management and adherence to disclosed fund utilization plans.