Afcons Infrastructure Ltd

Afcons Infrastructure Ltd has been awarded a significant contract valued at Rs 5,301 Crores (excluding GST) for the construction of a 10.14 km-long breakwater for the Vadhvan Port in Maharashtra. This project, awarded by Vadhvan Port Project Limited (VPPL), is set to become the second-longest breakwater globally upon completion. Afcons highlighted its extensive experience in complex marine infrastructure projects, noting this award as a key step in India's ambition to become a global maritime hub. The Vadhvan Port is envisioned to be India's largest public port and one of the world's biggest container ports, with a projected handling capacity of 23.2 million TEUs.

Afcons Infrastructure Limited has successfully issued Commercial Papers (CPs) worth ₹25 Crores on June 04, 2026, through a private placement. The CPs have a tenure of 182 days, maturing on December 03, 2026, with an upfront interest payment of 8.05% per annum. The instrument is unsecured and issued in favor of The Maharashtra State Co-Operative Bank Ltd. It has received a credit rating of Crisil A1+, indicating strong creditworthiness. The CPs are proposed to be listed on the National Stock Exchange of India Limited.

Afcons Infrastructure Ltd has disclosed reasons for encumbrance by the promoter under SEBI (SAST) Regulations. The disclosure pertains to the encumbrance created over equity shares of Afcons Infrastructure Limited. The company clarified that there is no change in the number of encumbered shares, with 3,855,809 shares (20% of the shareholding) encumbered as of May 15, 2024. The encumbrance is indirect, created on the shareholding of Afcons held by Infrastructure Investment Holdings (IIH) due to IIH's obligations to debenture holders.

Afcons Infrastructure Ltd received a disclosure on May 26, 2026, under SEBI Regulations 31(1) and 31(2) from Goswami Infratech Pvt Ltd regarding the encumbrance of Afcons Infrastructure Limited's equity shares. The disclosure pertains to the creation of encumbrance by the pledgor, Goswami Infratech, over the equity shares of Afcons Infrastructure Limited. This is a revised disclosure related to the encumbrance.

Axis Trustee Services Ltd, acting as pledgee, disclosed encumbrance over 9,20,72,053 equity shares (25.03%) of Afcons Infrastructure Limited under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares are encumbered in their capacity as common security trustee, with no beneficial interest held by Axis Trustee. This relates to a pledge over 100% share capital of Goswami Infratech Private Limited (GIPL) created by SP Finance and SC Finance in favor of Axis Trustee Services Limited as the GIPL Debenture Trustee, pursuant to a debenture trust deed.

Afcons Infrastructure Ltd. announces the re-appointment of Mr. Subramanian Krishnamurthy as Executive Chairman and Mr. Srinivasan Paramasivan as Managing Director for a term of two years, effective July 1, 2026, subject to shareholder approval. Additionally, Mr. Gokul Javalikar will step down as Business Unit Head and SMP on June 30, 2026, due to retirement. Mr. Satish Tengeri is elevated to Business Unit Head – Industrial Division and designated as SMP from July 1, 2026. Mr. R. Ramkumar is categorized as SMP effective May 18, 2026.

Afcons Infrastructure Ltd has re-appointed M/s. Kishore Bhatia & Associates as its cost auditor for the financial year 2026-27. The re-appointment, approved by the Board of Directors based on the Audit Committee's recommendation on May 18, 2026, is subject to ratification of remuneration by the company's members at the upcoming AGM. M/s. Kishore Bhatia & Associates is a Mumbai-based firm of Practising Cost Accountants.

Afcons Infrastructure Limited announced its financial results for FY26. Total income stood at ₹12,322 crore, with an EBITDA of ₹1,439 crore and a margin of 11.7%. Profit after tax was reported at ₹251 crore. The company's order book remained healthy at ₹32,496 crore. Q4 FY26 saw a total income of ₹2,777 crore and an EBITDA of ₹170 crore, but a net loss of ₹89 crore due to macroeconomic uncertainties and one-time factors.

Afcons Infrastructure Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They recommended a dividend of ₹2 (20%) per equity share for FY26, subject to shareholder approval. The board also noted the expiry of the term for one of the joint statutory auditors and approved the re-appointment of the Cost Auditor. Additionally, the re-appointment and remuneration of Mr. Subramanian Krishnamurthy and Mr. Srinivasan Paramasivan as Executive Chairman and Managing Director, respectively, were approved, along with changes in Senior Management Personnel.

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.