Afcons Infrastructure Limited has announced the dispatch of a Postal Ballot Notice dated February 27, 2026, to its members seeking consent for a significant special business matter. The proposed resolution concerns material related party transactions between Afcons Infrastructure Limited and Shapoorji Pallonji Mideast LLC, a promoter group company. The company is seeking approval for an aggregate value not exceeding ₹5,200 crore (Rupees Five Thousand Two Hundred Crores only). This includes ₹4,000 crore for rendering services in the nature of execution of subcontract works under the Fahid Island Development Project in Abu Dhabi, UAE, and ₹1,200 crore for providing guarantees, corporate guarantees, or letters of comfort for these works. The remote e-voting facility for members will commence on Thursday, March 05, 2026, at 9:00 AM IST and conclude on Friday, April 03, 2026, at 5:00 PM IST. The results of the voting, along with the Scrutinizer's report, will be declared on or before Saturday, April 04, 2026. The Board of Directors has recommended that members approve this resolution.
