Afcons Infrastructure Limited has informed the Exchange regarding a press release dated September 25, 2025, titled " Firoz Cyrus Mistry, Santosh Nayar join Afcons Board"".
AFCONS · price
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Afcons Infrastructure, the flagship engineering and construction arm of the Shapoorji Pallonji Group, has inducted two new members to its Board of Directors. Firoz Cyrus Mistry (age 29), a next-generation member of the Mistry family, joins as a Non-Executive Director, bringing a Yale liberal arts background and experience in governance, investments, and business development. Santosh Balachandran Nayar, a veteran banker with over 40 years of experience in project finance, banking and insurance, joins as an Independent Director. Nayar has previously held senior roles at State Bank of India, IFCI Limited, and India Infrastructure Finance Company Limited. Executive Chairman Krishnamurthy Subramanian said the appointments will bring fresh perspectives and propel Afcons towards renewed growth.
The double appointment strengthens Afcons' board with a blend of family continuity and deep financial expertise, likely to boost investor confidence in governance and future growth. Combined with Pallon S Mistry joining last month, it signals the next-generation Shapoorji Pallonji family's deepening commitment to the company.