Change in Management

July 30, 2026 To To BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 544280 Symbol: AFCONS Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) With reference to our intimation dated May 18, 2026, and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you that the shareholders of the Company, at the 50th Annual General Meeting ("AGM") held on Thursday, July 30, 2026, through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"), have approved the re-appointment of Mr. Subramanian Krishnamurthy (DIN: 00047592) as Whole-time Director, designated as Executive Chairman, and Mr. Srinivasan Paramasivan (DIN: 00058445) as Managing Director of the Company, for a further term of two (2) years commencing from July 1, 2026 and ending on June 30, 2028, respectively. The details required as per the Regulation 30 of the SEBI LODR Regulations, read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, in relation to the above, is enclosed herewith as Annexure – A. Thanking you, Yours faithfully, For Afcons Infrastructure Limited Gaurang Parekh Company Secretary and Compliance Officer Membership No.: F8764 Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000, Email: secretarial@afcons.com www.afcons.com | CIN No.: L45200MH1976PLC019335 Annexure A Disclosure as required under 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. Sr Particulars Details 1. Name of the Director Mr. Subramanian Mr. Srinivasan Paramasivan Krishnamurthy 2. Reason for change viz. Re-appointment Re-appointment appointment, re- appointment, resignation, removal, death or otherwise; 3. Date of appointment Re-appointment of Mr. Re-appointment of Mr. /reappointment /Cessation Subramanian Krishnamurthy Srinivasan Paramasivan (DIN: 00047592) as whole time (DIN: 00058445) as and term of Director designated as the Managing Director of the appointment/re- Executive Chairman of the Company for the period of appointment Company for the period of Two Two (2) Years with effect (2) Years with effect from July from July 1, 2026 to June 30, 1, 2026 to June 30, 2028 (both 2028 (both days inclusive days inclusive). 4. Brief profile (in case of Mr. Subramanian Mr. Srinivasan appointment); Krishnamurthy has been a Paramasivan has been a Whole-Time Director on the Whole-Time Director on the Board of Afcons Board of Afcons Infrastructure Limited since Infrastructure Limited since 2002 and currently serves as 2002 and currently serves Executive Vice Chairman. He as its Managing Director, has over four decades of bringing over four decades experience in the areas of of experience in banking, Project Planning, Execution, finance, and infrastructure. Overall Project Management, He is a Commerce Contract Management and graduate from the Corporate Planning. Prior to University of Madurai and getting elevated as Executive holds multiple professional Vice Chairman in the year qualifications, such as: 2018 he was Managing • Certified Associate, Director of Afcons Indian Institute of Bankers Infrastructure Limited from (CAIIB) the year 2002. Under his • Fellow Member, Institute leadership AFCONS has of Cost Accountants of created its own niche of India (FCMA) delivering the most complex • Fellow Member, Institute and challenging of Company Secretaries infrastructure projects of India (FCS) Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000, Email: secretarial@afcons.com www.afcons.com | CIN No.: L45200MH1976PLC019335 ahead of schedule and • Stanford Certified Project creating new benchmarks Manager globally. Since the acquisition of He is an alumnus of NIT, Afcons by the Shapoorji Tiruchirappalli (Mechanical Pallonji Group, Mr. Engineering) and IIM, Paramasivan has played a Mumbai (formerly NITIE, pivotal role in the Mumbai, Industrial Company’s turnaround, Engineering). consolidation, and Mr. Subramanian sustained growth. Krishnamurthy is He is actively involved internationally recognized with key industry bodies, for his expertise in serving as a member of the contractual matters and Taxation Committee and dispute resolution. He is Infrastructure Committee of India’s sole representative in the Confederation of India the Dispute Review Board Industry (CII), and as Co- Foundation, USA, and Chair of the collaborates with NITI Aayog, Transportation and various central and state Infrastructure Committee of government ministries to the Federation of Indian drive reforms in contract Chambers of Commerce standardization and and Industry (FICCI) and as infrastructure policy. Chairman of the Project Export Promotion Council In recognition of his (PEPC). Most recently, contributions to the he was appointed as an construction industry, he has Additional Director on the been honoured with several Board of the Construction prestigious accolades: Skill Development Council ➢ Doctor of Letters (D.Litt. of India (CSDCI) at its Board Honoris Causa) by Meeting held on 16th May, Kalinga Institute of 2025 in New Delhi. Industrial Technology, Mr. Paramasivan is Bhubaneshwar in the year regularly consulted by 2022. government and regulatory ➢ Bharat Shiromani Award bodies on policy formulation in the year 2005. and related matters. ➢ Distinguished Alumnus He has played a significant Awards – NIT, part in the Company’s Tiruchirappalli in the year journey with special focus 2018 and IIM, Mumbai on finance, commercial (formerly NITIE, Mumbai) matters and subsequently in in the year 2013. the business development. Mr. Subramanian He has more than 43 years Krishnamurthy is actively of Industry experience. In involved in academia and his role as Managing serves on the boards and Director, he is responsible academic councils of NICMAR, for the operations and day to day management of the Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000, Email: secretarial@afcons.com www.afcons.com | CIN No.: L45200MH1976PLC019335 IIM, Mumbai (formerly NITIE, Company. Mumbai) and ITM Group of Institutions, Hyderabad. He is also a member of the Society of Construction Law (India) and the Construction Industry Development Council (CIDC). 5. Disclosure of relationships He is not related to any of the He is not related to any of the between Directors (in case Directors of the Company. Directors of the Company. of appointment of a director). 6. Information as required Mr. Subramanian Mr. Srinivasan pursuant to BSE Circular Krishnamurthy is not debarred Paramasivan is not No. L1ST/COMP/ from holding the office of debarred from holding the 14/2018-19 and NSE Director by virtue of any SEBI office of Director by virtue of Circular No. NSE/CMLl20 Order or any other such any SEBI Order or any other 18124 dated 20th June, authority. such authority. 2018 Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000, Email: secretarial@afcons.com www.afcons.com | CIN No.: L45200MH1976PLC019335