Desco Infratech Limited adjourned its 15th Annual General Meeting on September 30, 2026, due to the absence of the requisite quorum. The meeting is scheduled to reconvene on October 7, 2026.

Adjournment details

The company informed the BSE that the AGM, originally convened at 2:00 pm on Wednesday, September 30, 2026, could not proceed as the minimum attendance requirement was not met within half an hour of the scheduled time. This intimation was filed pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 103 of the Companies Act, 2013.

Reconvened schedule and e-voting

The adjourned meeting will be held via Video Conferencing on Wednesday, October 7, 2026, at 2:00 pm. All business outlined in the original notice, which remains untransacted, will be addressed during this session.

In view of the adjournment, Desco Infratech has provided a fresh opportunity for members to exercise voting rights through remote e-voting. The specific timeline for this facility is outlined below:

Members casting votes through this fresh remote e-voting facility will be eligible to participate in the adjourned AGM but will not be entitled to cast their vote again during the meeting for resolutions already voted upon. Those who have not voted remotely may exercise their rights during the adjourned AGM through the electronic voting facility provided by NSDL.

Compliance and disclosures

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to October 7, 2026, both days inclusive, for the purpose of the adjourned AGM. The company stated it will make all necessary disclosures regarding the proceedings and voting results in accordance with applicable SEBI regulations. The filing was signed by Tripti Gaggar, Company Secretary and Compliance Officer.

What Happened

Desco Infratech has received a significant work order valued at Rs 2.34 crore from Adani Total Gas Limited (ATGL). The contract covers the execution of work for MDPE Pipeline Laying and LMC activities at Navsari.

Order Details and History

This new order adds to the company's recent disclosures. Desco Infratech previously announced a Rs 0.586164245 crore order from Sabarmati Gas Limited for steel gas pipeline connectivity in Gujarat. Additionally, the company disclosed a Rs 2.14 crore order involving KP Energy Limited, Adani Total Gas Limited, and Maharashtra Natural Gas Limited for various supply and installation works.

The following table summarizes the order track record over the last two fiscal quarters:

Financial Context

The Trailing Twelve Month (TTM) revenue remains reported as Rs 0.0 Cr, making the book-to-bill ratio undefined. This indicates that recent orders represent fresh inflows without a corresponding current revenue base for comparison. The company's standalone revenue growth was +99.3% in FY26 and +102.5% in FY25. Operating cash flow was negative Rs 19.00 Cr in FY26.

Valuation and Shareholding

As of 23 Sep 2026, the company has a market cap of Rs 146.60 Cr with a P/E ratio of 9.0x. The ROCE for FY26 stands at 32.03%, while the ROE is 23.12%. Promoter holding increased slightly to 58.31% in Q4FY26 from 58.12% in Q2FY26. Public shareholding stood at 33.91% in the latest quarter.