Afcons Infrastructure Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has received a notice in connection with a penalty order from the Tahsildar, Bhiwandi, Maharashtra. The details as required under Regulation 30 of the SEBI LODR Regulations, read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, are provided in Annexure-A.
Key Details from Annexure-A:
1. Name of the authority: Tahsildar, Bhiwandi, Maharashtra
2. Nature and details of the action: Imposition of a penalty of ₹16.48 Crores in connection with certain alleged irregularities pertaining to earth excavation and removal activities in the Mouje Purna and Rahanal area relating to the MML5 Project.
3. Date of receipt of order: July 06, 2026
4. Change in status/developments: Not applicable (NA)
5. Litigation against key management personnel: Not applicable (NA)
6. Financial/operational impact: There is no financial impact on operations at this stage. The Company intends to contest the said order and is taking appropriate steps to file an appeal before the competent authority.
The disclosure was signed by Gaurang Parekh, Company Secretary and Compliance Officer (Membership No.: F8764).