Afcons Infrastructure Limited has received formal requests from 29 entities currently classified as promoter group shareholders seeking reclassification to public shareholder status. The company informed stock exchanges BSE Limited and National Stock Exchange of India about these reclassification requests under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Entities Seeking Reclassification

The 29 entities requesting reclassification from promoter group to public shareholder status include various property development companies, recreational services firms, and farm-related businesses. All requesting entities currently hold nil shares with nil percentage holding in Afcons Infrastructure Limited.

Key Requesting Entities

Notable entities among the 29 companies include:

• Shapoorji Pallonji Housing Infra Private Limited (formerly known as Dhan Gaming Solution (India) Private Limited)
• S D Corporation Holdings Private Limited (Previously known as S. D. New Samata Nagar Development Pvt Ltd)
• Multiple property development companies including Awesome Properties, Behold Space Developers, and Blessing Properties
• Farm-related entities such as Belva Farms, Filippa Farms, and Manor Stud Farm

Timeline and Next Steps

The reclassification requests were received on February 03, 2025, along with required justification and confirmation of facts as mandated under SEBI regulations. The company has scheduled a Board of Directors meeting for February 10, 2026, where these requests will be placed for consideration.

Regulatory Compliance

The reclassification process follows Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Gaurang Parekh (Membership No.: F8764) has formally communicated this development to both stock exchanges where Afcons Infrastructure is listed.

Following the Board meeting scheduled for February 10, 2026, the company will take necessary action based on the Board's decision regarding these reclassification requests. The outcome will determine the final classification status of these 29 entities in relation to Afcons Infrastructure Limited.

Afcons Infrastructure Limited has announced the approval of employee stock options under its Employee Stock Option Plan 2025, marking a significant step in its employee incentive program. The company's Nomination and Remuneration Committee granted these options to eligible employees on February 04, 2026.

ESOP Grant Details

The committee approved the grant of 1,10,701 employee stock options to identified eligible employees under the ESOP 2025 scheme. These options are designed to align employee interests with shareholder value creation and provide long-term incentives for key personnel.

Regulatory Compliance and Structure

The ESOP 2025 scheme operates in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The plan covers 1,10,701 equity shares of face value Rs 10 each, fully paid-up, providing employees with the opportunity to participate in the company's equity growth.

The vesting structure offers flexibility with a minimum vesting period of 1 year and maximum of 5 years from the grant date. This graduated approach allows the company to retain talent while ensuring performance alignment over different time horizons.

Exercise and Implementation Framework

Once vested, option holders can exercise their rights at one time or at various points within the designated exercise period as specified in individual grant letters. The granted options will entitle holders to acquire an equal number of equity shares upon payment of the exercise price of Rs 271 per option plus applicable taxes, in accordance with ESOP 2025 terms and conditions.

The company filed the intimation with both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI LODR Regulations, ensuring full transparency and regulatory compliance. Company Secretary and Compliance Officer Gaurang Parekh signed the disclosure, confirming the committee's decisions and the scheme's implementation timeline.