Afcons Infrastructure Limited has announced a crucial board meeting scheduled for September 25, 2025, to deliberate on two significant proposals that could potentially impact the company's future growth and employee engagement strategies.

Key Agenda Items

The board of directors will convene to consider and approve the following:

Employee Stock Option Plan 2025

The company is set to review the introduction and adoption of the Afcons Infrastructure Limited Employee Stock Option Plan 2025. This initiative aligns with the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and other applicable laws. The plan's implementation is subject to the recommendation of the Nomination and Remuneration Committee and subsequent shareholder approval.

Issuance of Non-Convertible Debentures

The board will also deliberate on the issuance of Rated Unsecured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This move could potentially strengthen the company's financial position and provide additional capital for future projects.

Regulatory Compliance

In adherence to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Afcons Infrastructure has duly notified both the BSE Limited and the National Stock Exchange of India Ltd about the scheduled board meeting.

Investor Meeting Rescheduled

In a separate announcement, Afcons Infrastructure informed that its previously scheduled investor/analyst meeting with Dolat Capital has been rescheduled. Originally set for September 24, 2025, the one-to-one meeting will now take place on September 26, 2025, in Mumbai. The company has assured that no unpublished price-sensitive information will be shared during this interaction.

Afcons Infrastructure Limited, headquartered in Mumbai, continues to demonstrate its commitment to corporate governance and stakeholder engagement through these strategic initiatives and transparent communications. Investors and market observers will be keenly watching the outcomes of the upcoming board meeting, which could potentially influence the company's future trajectory in the infrastructure sector.

Afcons Infrastructure Limited , a flagship company of the Shapoorji Pallonji Group, has announced significant changes to its leadership structure, marking a new era for the infrastructure engineering and construction giant.

Leadership Transition

Shapoorji Mistry, who has served on the Board of Afcons for over 25 years, including more than 13 years as Chairman, will transition to the role of Chairman Emeritus. This honorary, non-board position will allow Mistry to continue providing guidance and support to the company as needed.

Krishnamurthy Subramanian, previously serving as Executive Vice-Chairman, has been elevated to the position of Executive Chairman. Subramanian brings over 22 years of experience with Afcons, including 15 years as Managing Director. His appointment underscores the company's commitment to professional management and continuity in leadership.

New Board Member

In a move to strengthen the alignment between Afcons' long-term strategy and the Shapoorji Pallonji Group's vision, Pallon S. Mistry has been inducted to the Board of Directors. Pallon Mistry, aged 33, represents the next generation of the Shapoorji Pallonji family and brings a decade of experience to his new role.

Company Performance

Under Shapoorji Mistry's leadership from FY2012 to FY2025, Afcons has seen remarkable growth:

Notable Projects

Afcons has executed several landmark projects, including:

• The Chenab Railway Bridge in Jammu and Kashmir
• Atal Tunnel in Himachal Pradesh
• India's first underwater tunnel for Kolkata Metro

Additional Management Changes

The company also announced changes in designations for key senior management personnel:

• Anantakumar Rayaprolu: Appointed as Director & Chief Operating Officer
• Manivannan Venkataraman: Appointed as Director & Chief Technical Officer
• Bhakti Prasad: Appointed as Director & Chief Human Resources Officer

These changes reflect Afcons' commitment to recognizing and leveraging its experienced leadership team.

Market Response

As of the announcement, Afcons shares were trading at ₹418.70, down 0.81% on the stock exchange.