Please find enclosed the intimation of changes in Management with respect to Re-appointment of whole Time Director and Managing director along with changes in SMP''s
AFCONS · price
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Afcons Infrastructure's Board meeting on May 18, 2026 approved the re-appointment of two key directors: Mr. Subramanian Krishnamurthy as Executive Chairman and Mr. Srinivasan Paramasivan as Managing Director, both for a 2-year term from July 1, 2026 to June 30, 2028, subject to shareholder approval at the AGM. In senior management changes, Mr. Gokul Javalikar (Head of Marine and Industrial Business Unit) will retire and step down from his SMP role effective June 30, 2026. He will be replaced by Mr. Satish Tengeri, who is elevated to Business Unit Head - Industrial Division from July 1, 2026. Additionally, Mr. R. Ramkumar (Executive Vice President, Contracts & Legal) has been newly categorized as an SMP effective May 18, 2026.
The re-appointments indicate continuity in leadership, which is generally positive for stability. The retirement of Mr. Javalikar is a routine transition, and the elevation of Mr. Tengeri suggests internal succession planning is in place.