Desco Infratech Limited has secured an Electrical Contractor's Licence from the Government of Gujarat, Energy & Petrochemicals Department. The authorization, valid for five years from the date of issuance, permits the company to undertake and execute electrical installation works throughout the state. This regulatory approval is expected to strengthen the firm's operational capabilities within the electrical infrastructure segment.

The licence enables Desco Infratech to participate in and execute electrical installation projects in Gujarat, subject to the terms and conditions specified under applicable laws and regulations. The company disclosed that the grant of this licence will enhance its business opportunities in the electrical contracting and power infrastructure sector. However, the monetary impact of this development cannot be quantified at this stage.

Key Details of the Licence

The following table outlines the key parameters of the licence granted to the company:

The company submitted the intimation to BSE Limited on July 16, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Muskan Khandal, Company Secretary & Compliance Officer, signed the disclosure.

Desco Infratech Ltd has reconstituted its Board committees following the resignation of Mr. Yash Gurnani and the subsequent appointment of Mr. Shailesh K. Naik as an Additional Non-Executive Independent Director. The changes, effective July 01, 2026, were approved during a Board meeting held on Wednesday at the company's Registered Office. The transition impacts the composition of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee, ensuring continued governance compliance.

Mr. Yash Gurnani (DIN: 09605466) resigned from the position of Non-Executive Independent Director effective the close of business hours on July 01, 2026. In his resignation letter dated June 30, 2026, he cited personal commitments and other professional engagements requiring his increased attention as the reasons for his departure. Consequently, he ceased to be a Member of the Nomination and Remuneration Committee and Chairman of the Stakeholders Relationship Committee. He confirmed there were no other material reasons for his resignation.

To fill the vacancy, the Board appointed Mr. Shailesh K. Naik (DIN: 06546482) as an Additional Director (Non-Executive, Independent Director) for a term of five consecutive years starting July 01, 2026, subject to the approval of the shareholders. Mr. Naik brings over a decade of leadership experience in the energy and public utility sector, having served as Director (Commercial) at Vadodara Gas Limited. His background includes expanding City Gas Distribution networks and holding key positions in the Vadodara Municipal Corporation overseeing water supply, solid waste management, and municipal infrastructure.

The Board approved the reconstitution of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee to align with the new Board composition. Mr. Shailesh K. Naik was appointed Chairman of the Stakeholders Relationship Committee and a member of the Nomination and Remuneration Committee. The other members include executive and independent directors as per the regulatory requirements.

Reconstituted Board Committees

Nomination and Remuneration Committee

Stakeholders Relationship Committee

The company confirmed that Mr. Shailesh K. Naik is not disqualified from being appointed as a Director under Section 164 of the Companies Act, 2013, and is not debarred from holding the office of Director by any order of SEBI or other statutory authorities.