AFCONS

- Concall Schedule - Concall Date: September 02, 2026 - Concall Time: Not specified

- Afcons Infrastructure Limited received an arbitral award of ₹335.50 Crores in its favour from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on August 24, 2026. - This award is expected to have a positive impact on the company's financial position. - Payment is conditional on the counterparty not challenging the award within the stipulated period.

- CRISIL Ratings revised the outlook on Afcons Infrastructure Limited's long-term bank facilities and NCDs from 'Stable' to 'Negative'. - This is due to moderated operating performance, increased working capital intensity, delayed receivables, and weaker order inflows. - The long-term rating (AA-) and commercial paper rating (A1+) were reaffirmed.

- Management expects execution challenges from FY26 (adverse weather, land handover, labor shortages, pending clearances) to gradually ease, leading to stronger execution momentum in coming quarters, particularly Q3 and Q4 FY27. - The company reported healthy order inflows of INR 13,219 crores in Q1 FY27, with the total order book standing at INR 43,290 crores. - Full-year FY27 order inflow guidance is maintained at INR 30,000 crores, supported by a healthy bid pipeline of ~INR 1.5 lakh crores for the next 9 months and ~INR 3.96 lakh crores for the next 2 years. - Liquidity conditions remained tight, and collections were moderate in Q1 FY27 due to payment-related issues in UP Jal Jeevan Mission and stretched payments from other clients; management is actively working to accelerate recoveries. - Net working capital is elevated, and debt has increased in Q1 due to funding operations and significant capex, with net debt-to-equity at around 0.68x of net worth. The company aims to reduce debt and improve its balance sheet by year-end (net debt targeting INR 2,700-2,800 crores). - No specific full-year growth guidance provided due to global uncertainties, but a strong FY28 and FY29 are anticipated, with gradual performance improvement expected from H2 FY27 as projects advance. - Capex for FY27 is projected at INR 700-800 crores, with INR 600-650 crores planned for FY28. Depreciation is expected to increase in H2 FY27 as TBMs currently in CWIP are capitalized. - Approximately 11% of the current order book is categorized as slow-moving (including Bangladesh and Jal Jeevan Mission projects), with another 20% in the initial phase, impacting Q1 turnover.

- Audio recording of Q1 FY27 Earnings Conference Call held on August 10, 2026, at 11:00 AM (IST) uploaded to the company website.

- Consolidated Revenue ₹2,727 Cr vs ₹3,419 Cr (▼19.8% YoY) - EBITDA ₹263 Cr vs ₹445 Cr (▼40.9% YoY) - PAT ₹30 Cr vs ₹137 Cr (▼78.1% YoY) - EBITDA Margin 9.6% vs 13.0% (▼340bps)

- Total Income ₹2,727 Cr vs ₹3,419 Cr (▼20.3% YoY) - EBITDA ₹263 Cr vs ₹445 Cr (▼41.0% YoY) - PAT ₹30 Cr vs ₹137 Cr (▼77.9% YoY) - EBITDA Margin 9.6% vs 13.0% (▼340bps)

- Consolidated Revenue ₹2,671.00 Cr vs ₹3,370.38 Cr (▼20.9% YoY) - EBITDA ₹251.48 Cr vs ₹435.29 Cr (▼42.2% YoY) - PAT ₹30.30 Cr vs ₹137.40 Cr (▼78.0% YoY) - EBITDA Margin 9.4% vs 12.9% (▼350bps)

- Order Win: Afcons Infrastructure Ltd received a Letter of Acceptance (LoA) from Brihanmumbai Municipal Corporation (BMC) for a desalinated water tunnel project. - Order Value: ₹1,918 Crores (Inclusive of GST and O&M). - Project Details: The project involves the Design and Construction of a Desalinated Water Conveyance Tunnel from Manori to Mahavir Nagar (Kandivali), Mumbai.

- Company confirmed fulfilling its payment obligation for the redemption of Commercial Paper of ₹50 crores. - The payment was made on the due date, August 05, 2026.

- Afcons Infrastructure Limited has fully redeemed Commercial Paper of ₹50 Crores (ISIN INE101I14E07). - The redemption occurred on August 6, 2026, which was the maturity date for the paper issued on August 5, 2025.

- Concall Schedule - Concall Date: August 10, 2026 - Concall Time: 11:00 AM (IST)

- Order Win: Afcons Infrastructure Limited secured two projects in India's urban infrastructure sector in July 2026. - Order Value: Nearly ₹900 Cr.

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- Goswami Infratech Private Limited (GIPL) has created a pledge over 9,20,72,053 equity shares of Afcons Infrastructure Limited. - This represents 25.03% of Afcons' share capital. - The pledge was created on July 21, 2026, in favor of Axis Trustee Services Limited, acting as Debenture Trustee.

- Afcons Infrastructure Limited announced the Record Date for maturity of Commercial Paper (CPs). - Issue Size: Rs. 50 Crores. - Date of Issue: August 5, 2025. - Date of Maturity: August 5, 2026. - Record Date: August 4, 2026.

- Goswami Infratech Private Limited (GIPL) created a direct pledge on 73,558,600 shares (20%) of Afcons Infrastructure Limited, effective May 15, 2026. - This formalizes a previous indirect encumbrance, with no change in the total number of encumbered shares.

- Confirms utilization of Commercial Paper proceeds (ISIN - INE101114EU4) for the disclosed purpose for the quarter ended June 30, 2026. - States adherence to other listing conditions for Commercial Paper as per SEBI regulations.

- Board recommended a dividend of ₹2.00 per share (20%) for FY ended March 31, 2026, to be approved at AGM on July 30, 2026. - Dividend will be payable on or after July 30, 2026. - Tax (TDS) will be deducted on dividends as per Income Tax Act, 2025, effective April 1, 2026. - Shareholders need to submit declarations/documents by July 16, 2026, for appropriate tax withholding.

- 50th Annual General Meeting (AGM) of Afcons Infrastructure Limited scheduled for Thursday, July 30, 2026, at 3:00 PM (IST) via Video Conferencing (VC) / Other Audio Visual Means (OAVM). - The Annual Report for FY 2025-26 is available for download via the Company's website and stock exchange websites. - Shareholders are reminded to update KYC details and dematerialize physical securities as per SEBI Master Circulars.

- Afcons Infrastructure Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, as per SEBI LODR Regulation 34(2)(f). - The report details the company's ESG performance, initiatives in environmental, social, and governance aspects. - Key highlights include an aspiration to be among the Top 10 globally in safety performance, 8th consecutive MIKE Award, and Green Business portfolio contributing 43% of FY25-26 revenues.

- Filing pertains to the Annual Report for FY 2025-26 and Notice of 50th Annual General Meeting (AGM). - AGM is scheduled for Thursday, July 30, 2026, at 3:00 P.M. IST via Video Conferencing/Other Audio Visual Means. - The Annual Report and AGM Notice are enclosed with this filing and available on the company's website and NSDL's e-voting website. - The Chairman noted FY26 was a year of transition with slower-than-expected order inflows and execution challenges, but expressed a compelling long-term outlook despite near-term uncertainties.

- Afcons Infrastructure Limited received a penalty order of ₹16.48 Crores from Tahsildar, Bhiwandi, Maharashtra. - The penalty is for alleged irregularities in earth excavation and removal activities related to the MML5 Project. - The company intends to contest the order; currently, there is no financial impact on operations.

- Intimation of receipt of a favourable Arbitration Award.- Award Amount: INR 148.67 Crores.- Pertains to claims arising out of a Tunnel Project (Construction of Tunnel T74-R balance work on Dharaam-Qazigund section of USBRL Project).- Arbitral Tribunal also directed the release of the company's Bank Guarantee.- The awarded amount is payable subject to the counter-party not challenging the award.

- 50th Annual General Meeting (AGM) scheduled for Thursday, July 30, 2026, at 3:00 P.M. IST via VC/OAVM. - Final Dividend for FY 2025-26 of ₹2.00/- per Equity share (20%) recommended. - Record Date for dividend and cut-off date for e-voting is Thursday, July 23, 2026. - Dividend will be paid on or before Friday, August 28, 2026, if declared. - Remote e-voting period: July 26, 2026 (09:00 a.m. IST) to July 29, 2026 (05:00 p.m. IST).

- 50th Annual General Meeting (AGM) scheduled for July 30, 2026, at 3:00 P.M. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). - Record Date for the final dividend of ₹2.00/- per Equity share for FY 2025-26 and voting eligibility is July 23, 2026. - The dividend, if declared, will be paid on or before August 28, 2026. - Remote e-voting period is from July 26, 2026, to July 29, 2026.

- The 50th Annual General Meeting (AGM) will be held on Thursday, July 30, 2026, at 3:00 P.M. IST via Video Conferencing/OAVM. - A final dividend of ₹2.00 per share (20%) for FY 2025-26 has been recommended. - The Record Date and Cut-off Date for e-voting is Thursday, July 23, 2026. - Dividend payment is on or before Friday, August 28, 2026.

- Intimation of Trading Window closure for designated persons and their immediate relatives. - The trading window will be closed from July 01, 2026. - It will remain closed until 48 hours after the declaration of the un-audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.

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