Afcons Infrastructure has received a substantial acquisition disclosure from Goswami Infratech Private Limited regarding the extension of share pledge arrangements. The disclosure, filed on December 24, 2025, pertains to regulatory compliance under SEBI's substantial acquisition regulations.

Share Pledge Extension Details

Goswami Infratech Private Limited has extended its existing pledge on Afcons Infrastructure shares to Axis Trustee Services Limited, now acting as the common security trustee. The pledge extension became effective on December 17, 2025, and covers the company's entire promoter shareholding in Afcons.

Debenture Security Structure

The pledge secures debentures issued by two entities under a common security arrangement. Goswami Infratech Private Limited issued debentures under a debenture trust deed dated June 26, 2023, while Capespan Investment Private Limited issued debentures under a separate trust deed dated December 15, 2025.

GIPL Debentures Outstanding

Capespan Debentures Outstanding

The Capespan debentures remain unlisted and unrated, with allotment dates of December 18, 2025, for Tranche 1 and December 24, 2025, for Tranche 2.

Security Coverage Analysis

The pledged shares provide varying levels of security coverage for the different debenture series. The security cover ratio demonstrates the relationship between the market value of pledged shares and the outstanding debt amounts.

Fund Utilization Purpose

The borrowed amounts serve specific corporate purposes across both debenture series:

GIPL Debentures proceeds were utilized for:

• Repayment of existing indebtedness of GIPL
• Making inter-corporate deposits or loans to promoter group members for refinancing
• Payment of costs and expenses related to debenture issuance

Capespan Debentures proceeds are designated for:

• Making inter-corporate deposits or loans to GIPL
• Enabling GIPL to repay existing refinance indebtedness
• Compliance with applicable laws including SEBI and RBI requirements

Ownership Structure Context

The disclosure reveals that SP Finance Private Limited and SC Finance and Investments Private Limited collectively own 100% share capital of Goswami Infratech Private Limited. Goswami Infratech, in turn, holds 9,20,72,053 shares in Afcons Infrastructure, representing its entire promoter stake of 25.03% in the infrastructure company.

This pledge extension consolidates the security arrangement under a common trustee structure, providing unified oversight for debenture holders across both debt instruments while maintaining regulatory compliance with SEBI's substantial acquisition disclosure requirements.

Afcons Infrastructure Limited has emerged as India's most innovative company, clinching two top honours at the CII Industrial Innovation Awards 2025. The infrastructure engineering and construction company received recognition for its cutting-edge engineering solutions and innovation-driven approach to complex projects.

Award Recognition and Categories

The company secured two prestigious awards at the ceremony held in New Delhi:

These accolades reaffirm Afcons Infrastructure's reputation as a pioneer in engineering excellence and innovation-driven infrastructure solutions, setting new benchmarks for the industry.

Rigorous Evaluation Process

The recognition came after an intensive three-stage evaluation process that demonstrated the company's innovation capabilities among industry leaders. The comprehensive assessment included:

• Participation Scale: Over 900 leading organizations and multinational corporations competed for the awards
• Evaluation Stages: Online application, assessor-led evaluation, and final review by Grand Jury
• Jury Composition: Directors of IITs and IIMs, industry stalwarts, and international experts
• Selection Process: Intense deliberations at the prestigious forum where Afcons Infrastructure's cutting-edge innovations stood out

Consistent Innovation Leadership

This latest recognition adds to Afcons Infrastructure's impressive track record of innovation awards. The company holds the distinction of achieving global recognition as the Most Innovative Knowledge Enterprise (MIKE Award) for eight consecutive years, awarded by a distinguished global jury. Both the recent CII Industrial Innovation recognition and the MIKE award in 2025 serve as testament to the company's emphasis on innovation in every project it undertakes.

Industry Leadership and Global Standing

The awards were received by senior company officials including Mr V Manivannan, Director Chief Technical Officer, Mr Jayadatta Lad, Deputy General Manager, and Mr Prajwal Halagatti, Manager. Speaking about the recognition, Mr V Manivannan stated that innovation is at the heart of everything the company does, and these awards validate their commitment to delivering sustainable, technologically advanced engineering solutions across geographies.

With these honours, Afcons Infrastructure strengthens its position as a global infrastructure leader, driven by knowledge, operational excellence, and a relentless pursuit of innovation in executing technologically complex EPC projects both within India and internationally.