Announced Mon, 6 Jul · 14:37 IST
Penalty of Rs 16.48 Cr from Tahsildar over excavation irregularities
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₹311.00
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₹313.35
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AI summary
Afcons Infrastructure received a Rs 16.48 Crore penalty order from Tahsildar, Bhiwandi, Maharashtra, over alleged irregularities in earth excavation and removal activities in Mouje Purna and Rahanal area related to the MML5 Project. Order received July 06, 2026. The company says there is no financial impact on operations at this stage and plans to contest by filing an appeal.
Likely market impact
Company to appeal; no immediate financial impact on operations. Monitor appeal outcome and any monetary provisions.