Meeting Details

The 50th Annual General Meeting of Afcons Infrastructure Limited was held on Thursday, July 30, 2026, through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 3:00 PM IST and concluded at 4:40 PM IST.

Attendance

  • Total shareholders as of record date (July 23, 2026): 243,792
  • Promoter and Promoter Group members attending through VC: 5
  • Public shareholders attending through VC: 64
  • Proxy facility was not available for this virtual meeting

Board Members in Attendance

  • Mr. Subramanian Krishnamurthy - Executive Chairman (presided from Registered Office)
  • Mr. Srinivasan Paramasivan - Managing Director
  • Mr. Giridhar Rajagopalan - Deputy Managing Director
  • Ms. Rukhshana Mistry - Independent Director
  • Mr. Sitaram Kunte - Independent Director
  • Mr. Pallon Mistry - Non-Executive Director (attended from Registered Office)
  • Mr. Firoz Mistry - Non-Executive Director (attended virtually from United Kingdom)
  • Mr. Umesh Khanna - Non-Executive Director (attended virtually from Mumbai)
  • Other Independent Directors: Mr. Atul Sobti (Jaipur), Mr. Anurag Sachan (Gurgaon), Mr. Cherag Balsara (Mumbai), Mr. Santosh Nayar (Chennai)

Key Officials Present

  • Mr. Ramesh Kumar Jha - Chief Financial Officer
  • Mr. Gaurang Parekh - Company Secretary and Compliance Officer

External Advisors in Attendance

  • Statutory Auditors: M/s. Deloitte Haskins and Sells LLP, M/s. HDS & Associates LLP
  • Secretarial Auditors: M/s. Parikh Parekh & Associates
  • Cost Auditor: M/s. Kishore Bhatia & Associates
  • Scrutinizer: Mr. Mitesh Dhabliwala, Practicing Company Secretary of M/s. Parikh Parekh & Associates

Voting Process

  • Remote e-voting period: July 26, 2026 (9:00 AM) to July 29, 2026 (5:00 PM) through NSDL
  • E-voting facility also available during AGM for 15 minutes after meeting conclusion
  • Scrutinizer: Mr. Mitesh Dhabliwala appointed to oversee voting process

Resolutions Considered and Voting Results

Resolution 1: Ordinary Business

To receive, consider and adopt:

a) Audited Standalone Financial Statements for FY 2025-26 with Board and Auditor reports

b) Audited Consolidated Financial Statements for FY 2025-26 with Auditor report

  • Result: PASSED
  • Total votes polled: 301,884,541 shares (82.0819% of outstanding shares)
  • Votes in favor: 301,547,170 (99.8882%)
  • Votes against: 337,371 (0.1118%)
  • No invalid votes

Resolution 2: Ordinary Business

To declare dividend of ₹2 per equity share for FY 2025-26

  • Result: PASSED
  • Total votes polled: 301,884,477 shares (82.0819% of outstanding shares)
  • Votes in favor: 301,822,524 (99.9795%)
  • Votes against: 61,953 (0.0205%)
  • No invalid votes

Resolution 3: Ordinary Business

To appoint Mr. Giridhar Rajagopalan (DIN: 02391515) as Director retiring by rotation

  • Result: PASSED
  • Total votes polled: 301,884,471 shares (82.0819% of outstanding shares)
  • Votes in favor: 296,938,478 (98.3616%)
  • Votes against: 4,945,993 (1.6384%)
  • No invalid votes

Resolution 4: Ordinary Business

To appoint Mr. Umesh Narain Khanna (DIN: 03634361) as Director retiring by rotation

  • Result: PASSED
  • Total votes polled: 301,884,471 shares (82.0819% of outstanding shares)
  • Votes in favor: 299,161,100 (99.0979%)
  • Votes against: 2,723,371 (0.9021%)
  • No invalid votes

Resolution 5: Ordinary Business

To appoint Branch Auditors of the Company

  • Result: PASSED
  • Total votes polled: 301,880,377 shares (82.0808% of outstanding shares)
  • Votes in favor: 301,870,058 (99.9966%)
  • Votes against: 10,319 (0.0034%)
  • No invalid votes

Resolution 6: Ordinary Business

To ratify remuneration payable to Cost Auditor for FY 2026-27

  • Result: PASSED
  • Total votes polled: 301,884,477 shares (82.0819% of outstanding shares)
  • Votes in favor: 301,846,003 (99.9873%)
  • Votes against: 38,474 (0.0127%)
  • No invalid votes

Resolution 7: Special Business

To re-appoint and fix remuneration of Mr. Subramanian Krishnamurthy (DIN: 00047592) as Whole-time Director designated as Executive Chairman for 2 years from July 1, 2026 to June 30, 2028

  • Result: PASSED
  • Total votes polled: 301,886,190 shares (82.0823% of outstanding shares)
  • Votes in favor: 299,852,952 (99.3265%)
  • Votes against: 2,033,238 (0.6735%)
  • No invalid votes

Resolution 8: Special Business

To re-appoint and fix remuneration of Mr. Srinivasan Paramasivan (DIN: 00058445) as Managing Director for 2 years from July 1, 2026 to June 30, 2028

  • Result: PASSED
  • Total votes polled: 301,884,509 shares (82.0819% of outstanding shares)
  • Votes in favor: 299,859,548 (99.3292%)
  • Votes against: 2,024,961 (0.6708%)
  • No invalid votes

Resolution 9: Special Business

To issue Non-Convertible Debentures/Bonds/other Instruments on private placement basis up to ₹250 Crores

  • Result: PASSED
  • Total votes polled: 301,884,509 shares (82.0819% of outstanding shares)
  • Votes in favor: 301,315,071 (99.8114%)
  • Votes against: 569,438 (0.1886%)
  • No invalid votes

Additional Information

  • The voting results and Scrutinizer's Report are displayed on the company's notice board at its Registered Office
  • Results are available on company website: www.afcons.com and NSDL website: www.evoting.nsdl.com
  • The Scrutinizer's Report confirmed all voting procedures complied with Companies Act, 2013 and relevant rules
  • All statutory reports (Audit Report, Cost Audit Report, Secretarial Audit Report) contained no qualifications, observations, or adverse remarks