Desco Infratech Limited has successfully completed and commissioned a major Underground (UG) Power Infrastructure Project awarded by a company belonging to KP Group at Hansot, Gujarat. The achievement marks another significant milestone in the company's infrastructure execution journey, underscoring its growing presence in India's power and energy infrastructure sector.

Project Overview and Scope of Work

The project encompassed a broad range of underground power infrastructure activities executed at the Hansot, Gujarat site. The following table outlines the key parameters of the completed project:

The scope of work included HDD-based cable laying, installation of HDPE pipes, cable jointing works, OFC cable laying, testing, commissioning, and allied infrastructure activities. The project was completed within the targeted execution schedule while maintaining stringent quality, operational, and safety standards.

Leadership Commentary

Commenting on the achievement, Mr. Malhar Desai, Whole Time Director of Desco Infratech Limited, stated:

"The successful completion of this project further validates Desco Infratech Limited's strong execution capabilities and growing positioning in the power and energy infrastructure sector. India's infrastructure and energy ecosystem is undergoing rapid transformation, creating substantial long-term opportunities in transmission, underground cabling, and utility infrastructure development. At Desco, we are continuously strengthening our operational capabilities, technical expertise, and execution bandwidth to capitalize on this growth cycle and create sustainable long-term value for our stakeholders."

He further added:

"Our ability to deliver projects with quality and within committed timelines continues to enhance client confidence and strengthens our foundation for future business expansion. We remain focused on building a scalable infrastructure platform backed by execution excellence, operational discipline, and strategic growth initiatives."

The project execution was led under the close monitoring of Mr. Hardik Raichada, Project Incharge, whose technical leadership and on-ground project management played a vital role in ensuring smooth execution and successful commissioning of the project.

Strategic Focus and Business Direction

The successful completion of this project aligns with the company's broader strategy of expanding its footprint across India's power and infrastructure sector. Desco Infratech Limited continues to focus on the following priorities:

• Strengthening execution capabilities
• Expanding project portfolio across infrastructure verticals
• Building long-term client relationships
• Enhancing operational efficiencies
• Creating sustainable value for shareholders

About Desco Infratech Limited

Desco Infratech Limited is engaged in providing engineering and infrastructure solutions with a focus on power, energy, utility, and related infrastructure sectors. The company continues to strengthen its market presence through efficient project execution, quality delivery standards, and strategic growth initiatives.

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.