Afcons Infrastructure Limited has informed the Exchange about the outcome of Board Meeting held on August 28, 2025, with respect to changes at the Board level and in the designation of certain senior management personnels of the Company.
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Afcons Infrastructure announced major board changes following its August 28, 2025 board meeting. Mr. Shapoorji Pallonji Mistry resigned as Non-Executive Non-Independent Director and Chairman after serving over 13 years in that role, and was appointed as Chairman Emeritus, an honorary non-board position. Mr. Subramanian Krishnamurthy, who has been on the board since 2002 and was serving as Executive Vice Chairman, was elevated to Executive Chairman. Additionally, Mr. Pallon Shapoorji Mistry, the 33-year-old son of the outgoing Chairman and a member of the promoter group, was appointed as an Additional Non-Executive Non-Independent Director, subject to shareholder approval. Three senior management personnel also received new designations: Mr. Anantakumar Rayaprolu as Director & COO, Mr. Manivannan Venkataraman as Director & CTO, and Ms. Bhakti Prasad as Director & CHRO. The company clarified that these SMPs are not to be considered as Directors under the Companies Act.
The transition signals continuity in professional management while deepening promoter family involvement. Shareholders should note the elevation of an experienced internal leader (Krishnamurthy) as Executive Chairman, which may bring operational focus, along with the induction of the next-generation Mistry family member, which strengthens promoter influence on strategic direction. The SMP designation changes formalize existing leadership roles rather than signaling new appointments.