Shapoorji Pallonji Files Official Disclosure for Fresh Afcons Infrastructure Pledge

Afcons Infrastructure promoter Shapoorji Pallonji and Company Private Limited has filed an official regulatory disclosure regarding the creation of a fresh pledge on 1,22,34,940 equity shares on February 16, 2026. The disclosure, submitted under SEBI regulations on February 17, 2026, was communicated to both BSE Limited and National Stock Exchange of India Limited where the company's shares are listed. Official Regulatory Filing Details The pledge disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, following the format prescribed by SEBI Circular No. SEBI/HO/CFD/DCRI/CIR/P/2019/90 dated August 07, 2019. The document was signed by F.K. Bhathena, Director of Shapoorji Pallonji and Company Private Limited (DIN: 00010075), and addressed to both stock exchanges where Afcons Infrastructure trades under scrip code 544280 on BSE and symbol AFCONS on NSE. Filing Parameter: Details Regulation: SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011 Filing Date: February 17, 2026 Authorized Signatory: F.K. Bhathena (Director) DIN: 00010075 Stock Exchanges: BSE Limited, National Stock Exchange of India Limited Pledge Specifications and Valuation The pledged shares were valued at Rs 3,99,22,60,922 based on the NSE closing price of Rs 326.30 per share on February 16, 2026. On BSE, the shares were valued at Rs 3,99,10,37,428 at Rs 326.20 per share on the same date. The pledge has been created in favor of Catalyst Trusteeship Limited as debenture trustee for working capital requirements, securing an amount of Rs 170 crore with a security cover ratio of 2.347. Pledge Details: Specifications Shares Pledged: 1,22,34,940 Percentage of Share Capital: 3.33% Beneficiary: Catalyst Trusteeship Limited Purpose: Working Capital Requirements Amount Secured: Rs 170 crore Security Cover Ratio: 2.347 NSE Valuation: Rs 3,99,22,60,922 (Rs 326.30 per share) BSE Valuation: Rs 3,99,10,37,428 (Rs 326.20 per share) Complete Promoter Holdings Now Encumbered With this latest pledge, Shapoorji Pallonji now has 100% of its shareholding in Afcons Infrastructure encumbered. The promoter holds a total of 5,66,81,410 shares, representing 15.41% of the company's total share capital. This includes a previous pledge of 4,44,46,470 shares (12.08% of share capital) created on June 25, 2025, in favor of SBICAP Trustee Company Limited for a working capital facility from a consortium of lenders led by State Bank of India. Encumbrance Summary: Current Pledge Previous Pledge Date of Creation: February 16, 2026 June 25, 2025 Number of Shares: 1,22,34,940 4,44,46,470 Percentage of Share Capital: 3.33% 12.08% Trustee: Catalyst Trusteeship Limited SBICAP Trustee Company Limited Amount Secured: Rs 170 crore Rs 1,360 crore Security Cover Ratio: 2.347 6.98 Regulatory Compliance and Documentation The official disclosure document confirms that the encumbered shares represent 100% of Shapoorji Pallonji's shareholding in Afcons Infrastructure, which constitutes 78.41% of the promoter's total holdings. The filing includes detailed annexures providing comprehensive information about existing encumbrances, security cover ratios, and the specific purpose of fund utilization. The document was copied to Mr. Gaurang Parekh, Company Secretary & Compliance Officer of Afcons Infrastructure Limited, ensuring proper communication channels as per regulatory requirements. Afcons Infrastructure Limited has filed its quarterly compliance statement regarding the utilization of Non-Convertible Debentures (NCDs) proceeds for the quarter ended December 31, 2025. The statement was submitted to BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 52(7) of the SEBI (LODR) 2015. Fund Raising and Utilization Details The company successfully raised funds through private placement of Non-Convertible Debentures, demonstrating efficient capital deployment during the reporting period. Parameter Details Fund Raising Date October 14, 2025 Amount Raised ₹50.00 crores Mode of Raising Private Placement Instrument Type Non-Convertible Debentures (NCDs) Funds Utilized ₹50.00 crores Utilization Status 100% Complete Compliance and Deviation Status The quarterly statement confirms complete adherence to the original fund utilization plan without any deviations or variations. The company reported no deviation in either the objects or purposes for which the funds were raised, nor in the amount of funds utilized against the original disclosure. Compliance Aspect Status Deviation in Fund Use No Variation from Original Purpose No Approval Required for Variation No Audit Committee Review Not Applicable Auditor Comments Not Applicable Regulatory Filing Details The statement was digitally signed by key company officials, ensuring proper authorization and compliance. Company Secretary and Compliance Officer Gaurang Parekh (Membership No. F8764) and Chief Financial Officer Ramesh Kumar Jha both authenticated the filing on February 10, 2026. The company's ISIN number INE101I08081 and stock exchange symbols (BSE: 544280, NSE: AFCONS) were referenced in the filing, maintaining transparency in regulatory communications. The complete utilization of NCD proceeds within the specified quarter demonstrates the company's efficient capital management and adherence to disclosed fund utilization plans. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. 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