Afcons Infrastructure Limited has informed the Exchange regarding Appointment of Mr Pallon Shapoorji Mistry as Non- Executive Director of the company w.e.f. August 29, 2025.
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Afcons Infrastructure announced major board changes effective August 28-29, 2025. Mr. Shapoorji Pallonji Mistry resigned as Non-Executive Non-Independent Director and Chairman after 25+ years on the board (13+ years as Chairman) and was appointed as Chairman Emeritus, an honorary non-board role with no remuneration. Mr. Subramanian Krishnamurthy, who has been with Afcons since 2002 (previously MD from 2002-2018, then Executive Vice Chairman), was elevated to Executive Chairman. Mr. Pallon Shapoorji Mistry (age 33), son of the outgoing Chairman and a member of the promoter Shapoorji Pallonji Group, was appointed as Additional Non-Executive Non-Independent Director subject to shareholder approval. Additionally, three senior management personnel received updated designations: Anantakumar Rayaprolu as Director & COO, Manivannan Venkataraman as Director & CTO, and Bhakti Prasad as Director & CHRO.
This is a leadership transition with continuity. The elevation of Krishnamurthy to Executive Chairman and the induction of Pallon Mistry (next-gen promoter) signal deeper promoter family involvement while maintaining professional management. The outgoing Chairman's continued advisory role as Chairman Emeritus ensures stability. Investors should note the promoter family's reinforced long-term commitment to Afcons.