Afcons Infrastructure Limited , a prominent player in the infrastructure sector, has received overwhelming shareholder approval for a series of significant resolutions through a postal ballot voting process that concluded on November 10, 2025. The approvals mark important changes in the company's leadership and employee incentive structure.

Director Appointments

Shareholders gave their nod to the appointment of two Non-Executive and Non-Independent Directors:

1. Mr. Pallon Shapoorji Mistry (DIN - 05229734)
2. Mr. Firoz Cyrus Mistry (DIN - 09543123)

Additionally, Mr. Santosh Balachandran Nayar (DIN: 02175871) was appointed as an Independent Director.

Employee Stock Option Plan

A key highlight of the approvals was the Afcons Infrastructure Limited-Employee Stock Option Plan 2025. This plan extends to employees of subsidiary and associate companies as well, potentially boosting employee engagement and aligning their interests with the company's long-term growth.

Remuneration Variations

Shareholders also approved variations in the remuneration terms for two key executives:

1. Mr. Subramanian Krishnamurthy (DIN:00047592), Whole-Time Director, designated as Executive Chairman
2. Mr. Srinivasan Paramasivan (DIN:00058445), Managing Director

These variations are in connection with the grant of Employee Stock Options and apply for the remaining tenure of their appointments up to June 30, 2026.

Voting Results

The resolutions passed with substantial majority, demonstrating strong shareholder support. Here's a breakdown of the voting results:

The voting process was conducted through remote e-voting, with October 3, 2025, set as the cut-off date for determining eligible voters. A total of 257,774 shareholders were on the record as of the cut-off date.

These approvals signal Afcons Infrastructure's commitment to strengthening its leadership team and implementing employee-friendly policies. The high approval rates across all resolutions indicate strong shareholder confidence in the company's strategic decisions and future direction.

Afcons Infrastructure Limited , a prominent player in the infrastructure sector, has successfully raised Rs. 55 crores through the issuance of commercial papers (CPs) on October 15, 2025. This move demonstrates the company's strategic approach to short-term financing and liquidity management.

Key Details of the Commercial Paper Issuance

Investors and Allocation

The commercial papers were issued on a private placement basis to two investors:

1. The Maharashtra State Co-Operative Bank Ltd - Rs. 50.00 crores
2. The Vishweshwar Sahakari Bank Ltd - Rs. 5.00 crores

Payment Structure

The CPs come with an upfront interest payment structure, while the principal amount is scheduled for repayment on the maturity date, March 16, 2026.

Significance of the Issuance

The successful placement of these commercial papers, especially with a high credit rating of CRISIL A1+, underscores Afcons Infrastructure's strong financial position and credibility in the market. This short-term borrowing mechanism allows the company to efficiently manage its working capital needs and optimize its financial structure.

Recent Debt Instruments

It's worth noting that this CP issuance follows closely on the heels of another significant financial move by Afcons Infrastructure. Just a day prior, on October 14, 2025, the company allotted 5,000 Rated, Unsecured, Listed, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, aggregating to Rs. 50.00 Crores. These NCDs, carrying an interest rate of 8.40% p.a., have a three-year tenure and are set to mature on October 13, 2028.

The back-to-back issuance of these debt instruments - the NCDs followed by the CPs - suggests a comprehensive financial strategy by Afcons Infrastructure to balance its short-term and medium-term funding requirements.

As Afcons Infrastructure continues to leverage various financial instruments, it demonstrates the company's proactive approach to capital management, potentially positioning itself for future growth and infrastructure development projects.