Afcons Infrastructure Limited has announced the grant of over 1 crore employee stock options to its eligible workforce under the newly established Employee Stock Option Plan 2025. The board committee approved this significant employee benefit initiative on December 12, 2025.

ESOP Grant Details

The committee approved the grant of 1,01,71,230 employee stock options to identified eligible employees. This grant operates under the Afcons Infrastructure Limited - Employee Stock Option Plan 2025 (ESOP 2025), which has been structured in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Vesting and Exercise Terms

The granted employee stock options feature a flexible vesting structure designed to retain talent over the medium to long term. The vesting period for the granted options ranges from a minimum of 1 year to a maximum of 5 years from the date of grant. This staggered approach allows the company to align employee incentives with long-term performance objectives.

Once vested, the options entitle holders to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes, in accordance with the terms and conditions of ESOP 2025. Option grantees have the flexibility to exercise all vested options at one time or at various points within the prescribed exercise period, as detailed in individual grant letters.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was formally communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full transparency with market participants.

The ESOP grant represents a strategic human resource initiative aimed at employee retention and motivation. Each option carries a nominal exercise price of ₹10.00, representing the face value of fully paid-up equity shares. The exercise period and specific vesting schedules will be communicated to individual option grantees through their respective grant letters.

Implementation Timeline

The Employee Stock Option Plan 2025 framework has been designed to provide clear guidelines for option exercise and share acquisition. The company has indicated that details regarding subsequent changes, cancellations, or exercise of options, as well as diluted earnings per share calculations, will be disclosed as and when applicable during the plan's implementation phase.

Afcons Infrastructure Limited has officially received a substantial arbitration award of ₹243.52 crores for its Chenab Bridge rail project. The company informed stock exchanges on December 12, 2025, that the arbitration award was received on December 11, 2025, marking a significant financial milestone for the infrastructure development company.

Official Award Receipt Details

The company has formally notified BSE Limited and National Stock Exchange of India Limited about the arbitration award receipt under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The award details are summarized below:

Regulatory Compliance and Documentation

Afcons Infrastructure Limited has fulfilled its regulatory obligations by promptly informing the stock exchanges about this material development. The notification was signed by Gaurang Parekh, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed. The company provided comprehensive details as required under SEBI LODR Regulations and the SEBI Master Circular dated November 11, 2024.

Financial Impact Assessment

The arbitration award represents a significant positive development for Afcons Infrastructure Limited's financial position. According to the company's official communication, there will be a positive impact on the financial position of the company. The substantial inflow of ₹243.52 crores is expected to enhance the company's liquidity and provide additional financial resources for business operations.

Project Significance

The Chenab Bridge project, being a major rail infrastructure undertaking, demonstrates Afcons Infrastructure's capabilities in handling complex infrastructure projects. The successful resolution of arbitration proceedings in the company's favor reflects its effective project management and dispute resolution mechanisms. This outcome reinforces the company's position in the infrastructure development sector and its ability to recover project-related dues through proper legal channels.