Afcons Infrastructure Share Price Dips 2%; Adds Firoz Cyrus Mistry, Santosh Nayar to Board

Afcons Infrastructure Ltd, the flagship infrastructure engineering and construction arm of the Shapoorji Pallonji (SP) Group, has inducted Firoz Cyrus Mistry and Santosh Balachandran Nayar into its Board of Directors. This development follows the recent appointment of Pallon S. Mistry, underscoring greater next-generation family involvement in the company’s strategic direction.

At just 29, Firoz Cyrus Mistry represents the new wave of leadership within the SP Group. A Yale University graduate in liberal arts, he brings analytical skills, critical thinking, and a broad interdisciplinary perspective.

His expertise spans strategy formulation, governance, compliance, risk oversight, and relationship building with business partners. His exposure to investment evaluation, portfolio advisory, and operational management equips him to provide strategic guidance as Afcons expands in the infrastructure sector.

Veteran Banker Brings Financial Expertise

Joining alongside him is Santosh Nayar, a seasoned professional with over four decades of experience in banking, project finance, and insurance. His distinguished career includes leadership positions such as Deputy Managing Director at SBI, MD & CEO of IFCI Limited, and CMD of India Infrastructure Finance Company Ltd.

Currently serving on multiple company boards across finance, power, and infrastructure, Nayar has also contributed to national policy-making as a member of the Kelkar Committee for PPP models, nominated by the Prime Minister.

Krishnamurthy Subramanian, Executive Chairman, Afcons said, “We are delighted to welcome Firoz Mistry and Santosh Nayar to our Board. Their entry marks their passionate involvement in shaping Afcons’ future.”

Afcons Infrastructure Share Price Performance

On September 25, 2025, Afcons Infrastructure share price (NSE: AFCONS) opened at ₹452.80, down from its previous close of ₹456.60. At 2:09 PM, the share price of Afcons Infrastructure was trading at ₹446.30, down by 2.26% on the NSE.

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Conclusion

With the dual addition of Firoz Cyrus Mistry as Non-Executive Director and Santosh Nayar as Independent Director, Afcons Infrastructure is reinforcing its board with a blend of youthful vision and seasoned expertise. This move reflects the SP Group’s commitment to sustainable growth, strong governance, and preparing Afcons for its next phase of expansion.

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