Desco Infratech Limited has secured a Letter of Intent (LOI) from Sabarmati Gas Limited for the execution of a steel gas pipeline project worth Rs 150,640,474. The contract entails laying, installation, testing, and commissioning of 4", 6" & 8" diameter steel gas pipelines for FDODO CNG Station Connectivity. This domestic order follows the company's declaration as the L1 Bidder for the tender issued by Sabarmati Gas Limited, a joint venture of GSPC & BPCL.

The LOI was intimated to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project value is inclusive of GST. Malhar P Desai, Whole-time Director of Desco Infratech Limited, signed the disclosure confirming the receipt of the order.

Key Order Details

The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Desco Infratech Limited has strengthened its leadership team by appointing Mr. Arun Kumar Kalyanaraman as President Strategic Projects, designated as Senior Management Personnel (SMP), effective June 01, 2026. The Board of Directors approved the appointment at its meeting held on May 29, 2026, leveraging his extensive experience in the oil & gas and pipeline industry to drive large-scale infrastructure projects. Concurrently, the Board re-appointed M/s. Kanchan Agarwal & Associates as the Internal Auditor for the Financial Year 2026-27, following the recommendation of the Audit Committee.

Mr. Arun Kumar Kalyanaraman brings over 43 years of experience in managing EPC projects, cross-country pipelines, city gas distribution (CGD) networks, and oil & gas infrastructure. His career includes senior leadership roles such as General Manager, Resident Construction Manager, and Head – Projects with reputed organizations. He has successfully led the execution of over 1000 km of pipeline projects, including CGD networks, crude oil pipelines, and CNG stations across India and international assignments. His key achievements include delivering major projects for clients such as IOCL, GSPL, GAIL, BPCL, Gujarat Gas, Think Gas, and Shell Development Corporation.

M/s. Kanchan Agarwal & Associates has been re-appointed as the Internal Auditor for FY 2026-27. The firm is engaged in internal audit, risk assessment, internal controls, and compliance review services. The firm possesses relevant experience in conducting internal audits and is not related to any Director of the Company. The appointment was made on May 29, 2026, ensuring continuity in the company's governance framework.

The disclosures regarding these appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Kalyanaraman is not related to any Director of the Company. The details of the appointments are enclosed as Annexure – A and Annexure – B to the regulatory filing.

Key Appointment Details

Internal Auditor Re-appointment