Dividend18 May 2026, 07:41 pm
Afcons Recommends ₹2 Dividend, Subject to AGM Approval
AI Summary
The Board of Directors of Afcons Infrastructure Ltd has recommended a dividend of ₹2 per equity share (20% of face value of ₹10) for the financial year 2025-26. The dividend is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). The company will announce the AGM date and dividend payment date in due course. The board also approved the reappointment and remuneration of key managerial personnel and changes in senior management.
Key Highlights
- Afcons recommends a dividend of ₹2 per share (20%) for FY26, pending shareholder approval.
- M/s. HDS & Associates LLP's term as Joint Auditor expires at the upcoming AGM.
- Mr. Subramanian Krishnamurthy re-appointed as Executive Chairman for two years.
- Mr. Srinivasan Paramasivan re-appointed as Managing Director for two years.
- Mr. Satish Tengeri elevated to Business Unit Head – Industrial Division.
Price Impact
More from AFCONS