Afcons Infrastructure Limited — Important, 16-05-2026: Disclosure of material issue

Afcons Infrastructure announced a significant setback: Two road construction tenders in Croatia, for which it was previously declared the lowest bidder, have been cancelled by Croatian Motorways Ltd. The client stated Afcons' offer price exceeded their planned financial resources. This means a loss of potential projects and revenue that were previously anticipated. #Afcons will monitor and update on any new developments.