Desco Infratech Ltd

DESCO INFRATECH LIMITED submitted a certificate to the BSE Limited confirming that Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 is not applicable for the quarter ended September 30, 2026, as all shares are held in demat form and no requests for rematerialisation or dematerialisation were received, according to a filing by BIGSHARE SERVICES PRIVATE LIMITED, the company’s Registrar and Share Transfer Agent.

DESCO INFRATECH LIMITED informed the BSE Limited that the adjourned 15th Annual General Meeting, held on Wednesday, October 7, 2026, approved the regularization of Mr. Shailesh Kalidas Naik (DIN: 06546482) as a Non-Executive Independent Director for a term of five years starting from July 1, 2026. Mr. Naik, who has extensive experience in urban infrastructure and utility management, previously joined the company as an Additional Independent Director on July 1, 2026, and is not related to any other director or key managerial personnel.

Desco Infratech Limited informed the BSE Limited that its 15th Annual General Meeting, scheduled for Wednesday, September 30, 2026, was adjourned due to a lack of quorum and will now be reconvened on Wednesday, October 7, 2026, at 02:00 P.M. through Video Conferencing.

DESCO INFRATECH LIMITED informed the BSE Limited that the trading window for directors, key managerial personnel, designated employees and their immediate relatives will be closed from October 1, 2026, until 48 hours after the declaration of the company’s unaudited standalone and consolidated financial results for the half year ended September 30, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Desco Infratech Ltd. currently trades at Rs 190.95, after the stock has risen 5.91% over the last week. Desco Infratech Limited announced it has received a purchase order from Adani Total Gas Limited (“ATGL”) amounting to Rs 23,397,835.32, inclusive of GST, for the execution of work related to MDPE Pipeline Laying and LMC activities at Navsari. The order, awarded domestically, is valued at Rs 23.40 million and the completion timeframe is as per the contract terms, with no related party interest involved. Trading volume reached 15000 shares today, a decrease of 33.33% from the one-week average volume. Desco Infratech Ltd declined by 18.26% year-over-year, underperforming the 7.43% loss registered by the NIFTY50 index.

Desco Infratech Ltd. is up 3.55% to Rs 186.7 today, building on recent momentum and showing a 15.78% increase over the last one week. Desco Infratech Limited announced it has received a Letter of Intent (LOI) from Sabarmati Gas Ltd, a joint venture of GSPC & BPCL, for Rs 5,861,642.45, inclusive of GST, to lay, install, test, and commission a 4” diameter steel gas pipeline in Aravalli GA, Gujarat, for Balaji Wafers Pvt. Ltd. The LOI was received on September 17, 2026, and falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Trading volume totaled 24000 shares today, a decrease of 15.79% from the one-week average volume. Desco Infratech Ltd registered a decline of 20.72% year-over-year, underperforming the 8.01% loss seen in the NIFTY50 index.

DESCO INFRATECH LIMITED announced it has entered into a Memorandum of Understanding (MoU) with DenEB Air Gases Private Limited for strategic collaboration in the LNG, LCNG and CNG infrastructure sectors to jointly pursue and execute engineering, procurement, and construction (EPC) opportunities, as disclosed on September 16, 2026.

Desco Infratech Limited clarified that the board approved Rs 30 crore for loans, guarantees, or securities, correcting a typographical error in a previous disclosure that stated Rs 50 crore. The company also approved several other items at a board meeting on September 5, 2026, including the director’s report, appointment of a scrutinizer for the annual general meeting, and a proposal to increase borrowing powers from Rs 50 crore to Rs 150 crore, subject to shareholder approval. Additionally, the board approved related-party transactions with Desco Bio Green Private Limited and Shri Green Agro Energies Private Limited, both valued up to Rs 30 crore per financial year.

Desco Infratech Ltd. is up 1.42% to Rs 157.2 today, though the stock has declined 7.09% over the last one week. Desco Infratech Limited announced it has received a Letter of Acceptance from Indian Oil Corporation Limited for a project involving “Execution of Last Mile Connectivity (LMC) / GI Installation & Direct Marketing Agency (DMA) Works in Vizag GA” in Andhra Pradesh, amounting to Rs 30,290,271. The order, awarded domestically, is for empanelment of contractors under a Zonal Rate Contract and includes GST, with the project's execution timeframe and specific terms outlined in the contract. Trading volume reached 10000 shares today, a marginal increase of 5.26% compared to the one-week average volume. Desco Infratech Ltd plunged by 35.77% year-over-year, underperforming the 4.59% loss recorded by the NIFTY50 index.

Desco Infratech Limited approved a Rs 150 crore increase to its borrowing powers and a Rs 150 crore increase to the authority for selling or disposing of its undertakings at a board meeting held on September 5, 2026, both subject to shareholder approval. The company also approved related party transactions with Desco Bio Green Private Limited and Shri Green Agro Energies Private Limited, for services up to an aggregate value not exceeding Rs 30 crore per financial year, and recommended the re-appointment of Pankaj Pruthu Desai as Managing Director.