Desco Infratech Limited has completed comprehensive disclosures under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the acquisition of shares by promoter Pankaj Pruthu Desai. The transaction involved the acquisition of 23,82,354 equity shares from his mother Indiraben Pruthubhai Desai through an inter-se transfer by way of gift between immediate relatives.

Transaction Overview

The share acquisition was executed as an off-market inter-se transfer between promoters within the same family. Pankaj Pruthu Desai filed the mandatory disclosures with BSE Limited on 08.04.2026, following the completion of the share transfer on 07.04.2026.

SEBI Regulatory Compliance

The transaction required dual disclosures under SEBI SAST Regulations. Pankaj Pruthu Desai submitted separate forms under Regulation 29(1) for the acquisition disclosure and Regulation 29(2) for substantial acquisition reporting. The filings were addressed to the Listing Compliance Department of BSE Limited, where Desco Infratech shares are listed on the BSE SME platform with scrip code 544387.

Shareholding Transformation

The acquisition significantly altered the shareholding pattern within the promoter group, with Pankaj Pruthu Desai's stake increasing substantially while Indiraben Pruthubhai Desai's holding was completely transferred.

Corporate Structure

The company maintains its equity share capital of ₹7,67,60,080 comprising 76,76,008 fully paid equity shares of ₹10 each. Muskan Khandal serves as Company Secretary and Compliance Officer, coordinating the regulatory filing process. The company's registered address is A-703, Swastik Universal, Next to Valentine Cinema, Dumas Road, Umra, Surat-395007.

Documentation Process

The formal disclosures included comprehensive details of the acquisition with prescribed formats under SEBI SAST Regulations. Both Regulation 29(1) and 29(2) forms contained detailed shareholding matrices showing voting rights, encumbrances, and diluted capital calculations. The transaction involved no consideration as it was executed through gifting between immediate relatives, qualifying for inter-se transfer provisions under SEBI regulations.

Desco Infratech Limited has submitted its quarterly compliance certificate to BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 08, 2026, by Company Secretary and Compliance Officer Ms. Muskan Khandal.

Regulatory Compliance Certificate Details

The certificate was issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent (RTA). The compliance document confirms that Regulation 74(5) is not applicable to Desco Infratech Limited due to the complete dematerialization of its shareholding structure.

Share Holding Structure Status

The certificate confirms that the entire holding of the company's shares remains in dematerialized form. Bigshare Services Private Limited, acting as the authorized signatory through Akash Shamal, confirmed that no requests were received from any members for rematerialisation or dematerialisation during the quarter ended March 31, 2026.

Company Information

Desco Infratech Limited, formerly known as Desco Infratech Pvt Ltd, operates as an ISO 9001:2015 certified company with CIN number L45201GJ2011PLC063710. The company is headquartered in Surat, Gujarat, and trades on BSE Limited under scrip code 544387.

Regulatory Framework

The submission follows SEBI circulars including NSDL/CIR/II/5/2019 dated January 25, 2019, and DSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019. The regulatory framework ensures proper monitoring and compliance of depositories and participants in the securities market ecosystem.