This is a regulatory disclosure filed with BSE Limited and the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing follows up on a previous intimation dated May 18, 2026.

Nature of Event

Shareholders of Afcons Infrastructure Limited approved the re-appointment of two key managerial personnel at the 50th Annual General Meeting (AGM) held on Thursday, July 30, 2026, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Key Appointments and Terms

  • Mr. Subramanian Krishnamurthy (DIN: 00047592): Re-appointed as Whole-time Director, designated as Executive Chairman, for a term of two years from July 1, 2026, to June 30, 2028 (both days inclusive).
  • Mr. Srinivasan Paramasivan (DIN: 00058445): Re-appointed as Managing Director for a term of two years from July 1, 2026, to June 30, 2028 (both days inclusive).

Director Profiles

Mr. Subramanian Krishnamurthy has been a Whole-Time Director since 2002 and currently serves as Executive Vice Chairman. He has over four decades of experience in Project Planning, Execution, Overall Project Management, Contract Management, and Corporate Planning. He was Managing Director from 2002 until his elevation to Executive Vice Chairman in 2018. He is internationally recognized for expertise in contractual matters and dispute resolution, serving as India's sole representative in the Dispute Review Board Foundation, USA. He collaborates with NITI Aayog and various government ministries on contract standardization and infrastructure policy reforms. He holds board and academic council positions at NICMAR, IIM Mumbai (formerly NITIE), and ITM Group of Institutions, Hyderabad. He is a member of the Society of Construction Law (India) and the Construction Industry Development Council (CIDC).

Awards and Honors:

  • Doctor of Letters (D.Litt. Honoris Causa) by Kalinga Institute of Industrial Technology, Bhubaneshwar (2022)
  • Bharat Shiromani Award (2005)
  • Distinguished Alumnus Awards from NIT Tiruchirappalli (2018) and IIM Mumbai (2013)

Mr. Srinivasan Paramasivan has been a Whole-Time Director since 2002 and currently serves as Managing Director. He brings over four decades of experience in banking, finance, and infrastructure. He is a Commerce graduate from the University of Madurai and holds multiple professional qualifications:

  • Certified Associate, Indian Institute of Bankers (CAIIB)
  • Fellow Member, Institute of Cost Accountants of India (FCMA)
  • Fellow Member, Institute of Company Secretaries of India (FCS)

He is actively involved with industry bodies, serving as a member of the Taxation Committee and Infrastructure Committee of the Confederation of Indian Industry (CII), and as Co-Chair of the Transportation Infrastructure Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI). He is Chairman of the Project Export Promotion Council (PEPC). He was recently appointed as an Additional Director on the Board of the Construction Skill Development Council of India (CSDCI) at its Board Meeting held on May 16, 2025, in New Delhi. He is regularly consulted by government and regulatory bodies on policy formulation.

Compliance and Relationships

  • Both directors are not related to any other directors of the company.
  • Neither director is debarred from holding the office of Director by virtue of any SEBI Order or any other authority, as per checks required under BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

Financial Impact

No financial impact, remuneration details, or capital structure changes are disclosed in this filing.