AFCONS Infrastructure Restricted held its forty ninth annual normal assembly (AGM) on Friday, 25 July 2025, during which shareholders licensed a dividend of ₹ 2.5 in keeping with fairness proportion for the monetary yr ended on 31 March 2025. On this assembly arranged via video conferencing, Mr. Subramanian Krishnamurthy and Shri Srinivasan Paramashivam have been re -appointed as administrators.
| Particular issues | Acquaintance |
|---|---|
| Dividend in keeping with proportion | ₹2.5 |
| Remaining date of monetary yr | 31 March, 2025 |
Key proposals and vote casting knowledge
The AGM incorporated a number of proposals, all of which have been handed through an vast majority. In the principle proposals, adopting the monetary effects audited, the declaration of dividend, appointment/re -appointment of administrators, appointment of department and secretary auditors, affirmation of the ration of the associated fee auditor, reconstruction and clarification as deputy managing director of Mr. Giridhar Rajagopalan, reminal, build up in borrowing, mourning The discharge of non-convertible debentures incorporated.
Appointment of administrators
Sharedharaks gave the re-appointment of Shri Subramanian Krishnamurthy and Shri Srinivasan Param Shivam, who used to be retired from Rotassion.
Different major approvals
The assembly additionally incorporated expanding the corporate’s borrowing prohibit to ₹ 50,000 crore and approval to make morning and/or rate of as much as ₹ 50,000 crore at the corporate’s houses. Moreover, it used to be licensed to free up non-convertible debentures/bonds/different tools on a personal placement foundation of as much as ₹ 750 crore.
AGM lawsuits
The AGM began at 3:00 pm and ended at 4:30 pm as in keeping with Indian Requirements Time (IST). Chairman of the Board, Mr. Shapoorji Pallaonji Mistry presided over the assembly. The assembly used to be attended through board individuals, auditor and shareholders via video conferencing. The chairman gave his speech, adopted through Mr. Subramanian Krishnamurthy, Govt Vice Chairman and Mr. Srinivasan Paramashivam, Managing Director, who gave company commentary and monetary efficiency of the corporate for the monetary yr 2024-25.
Abstract of vote casting
The result of vote casting confirmed that each one proposals gained robust beef up. As an example, 99.6029 p.c votes have been forged in choose of the proposal to undertake an audited monetary effects, whilst 99.9994 p.c votes have been forged in choose of the proposal to announce a dividend of ₹ 2.5 in keeping with proportion. The regeneration of Shri Subramanian Krishnamurthy and Shri Srinivasan Paramashivam additionally gained large beef up, with 99.4659 p.c and 99.5459 p.c votes respectively.
Shareholder participation
Out of two,70,210 shareholders through the document date (July 18, 2025), 115 public shareholders attended the assembly via video conferencing. E-voting facility used to be to be had for individuals earlier than and right through the AGM, which ensured fashionable participation within the decision-making procedure.