AFCONS Receives ₹148.67 Crore Favorable Arbitration Award

NSE/BSE Codes: BSE: 544280, Symbol: AFCONS

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimating receipt of a favorable arbitration award.

Involved Parties / Authorities:

• Arbitral Tribunal (authority)
• Counter-party (not named in disclosure)

Date / Timeline of Event:

• Date of receipt of arbitration award: June 30, 2026
• Date of filing intimation: June 30, 2026

Brief Description of Outcome / Dispute:

The arbitration pertains to claims arising from the construction of Tunnel T74-R balance work from Adit between Km 127/660 to Km 130/950 (length 3290m) on Dharaam-Qazigund section of USBRL Project (Package - T-74R-A) at Jammu and Kashmir. The Arbitral Tribunal granted an award amount of INR 148.67 Crores in favor of Afcons Infrastructure Limited.

Impact of Outcome:

Financial Impact:

• Award amount: ₹148.67 Crores
• The company states there will be "a positive impact on the financial position of the Company"
• The bank guarantee of Afcons has been directed to be released by the Arbitral Tribunal

Operational / Business / Strategic Impact:

No material disclosures in this section.

Other Implications:

No material disclosures in this section.

Next Steps / Required Actions:

The awarded amount shall be payable subject to the condition that the counter-party does not challenge the award within the stipulated period prescribed under law.