Afcons Infrastructure Limited has announced key decisions from its board meeting on September 25, 2025. These include the appointment of Santosh Balachandran Nayar and Firoz Cyrus Mistry to the Board, approval of an Employee Stock Option Plan (ESOP 2025), and authorization for the issuance of Non-Convertible Debentures. Udai Veer Singh has been categorized as Senior Management Personnel.
Board Appointments
The Afcons Board has approved the appointment of Mr. Santosh Balachandran Nayar (DIN: 02175871) as an Additional Director (Non-Executive & Independent) effective September 25, 2025. Following shareholder approval, he will serve a five-year term as an Independent Director.
Mr. Firoz Cyrus Mistry (DIN: 09543123) has also been appointed as an Additional Director (Non-Executive & Non-Independent), also effective September 25, 2025, pending shareholder approval.
Additionally, Mr. Udai Veer Singh, Executive Vice President (Operations), has been designated as Senior Management Personnel (SMP) from September 25, 2025.
Employee Stock Option Plan 2025
The Board approved and adopted the Afcons Infrastructure Limited Employee Stock Option Plan 2025 (ESOP 2025), subject to shareholder and regulatory approvals. The plan aims to incentivize employees through equity participation.
Debt Issuance
The Board has authorized the issuance of Non-Convertible Debentures on a private placement basis. The details of this issuance will be determined later.
Next-Gen Leadership at Afcons
The recent board appointments and strategic initiatives are designed to prepare Afcons for continued growth and market leadership. The appointment of new family members reflects the ongoing commitment of the Shapoorji Pallonji Group to the company’s long-term success.
There is a proposed pool of 1,83,89,232 employee stock options under ESOP 2025. The option exercise price will be determined by the Nomination and Remuneration Committee.
Source: BSE
