News Orders & Deals Desco Infratech Acquires 75% Stake in Shri Green Agro Energies for Rs. 20,00,000Desco Infratech Acquires 75% Stake in Shri Green Agro Energies for Rs. 20,00,000
Desco Infratech Limited acquired 75% controlling stake in Shri Green Agro Energies Private Limited for Rs. 20,00,000 through rights issue subscription of 2,00,000 equity shares. The target company, incorporated in 2022, operates in agro-energy and CBG project development with nil turnover in recent years. This strategic acquisition expands Desco's footprint into renewable energy and sustainable infrastructure, making SGAEPL its subsidiary under regulatory definitions.
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Desco Infratech Limited has announced the successful acquisition of a controlling stake in Shri Green Agro Energies Private Limited (SGAEPL) through a rights issue subscription. The transaction, completed on February 25, 2026, represents a strategic move into the renewable energy sector for the infrastructure company.
Acquisition Details
The company acquired 2,00,000 equity shares of Rs. 10/- each in SGAEPL through cash consideration via rights issue subscription. The Board of Directors approved this acquisition at their meeting held on February 2, 2026, following an earlier intimation dated January 9, 2026.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 2,00,000 equity shares |
| Face Value per Share: | Rs. 10/- |
| Total Investment: | Rs. 20,00,000 |
| Shareholding Percentage: | 75% |
| Transaction Date: | February 25, 2026 |
Target Company Profile
Shri Green Agro Energies Private Limited, incorporated in 2022 with CIN U40106UP2022PTC174329, operates in the agro-energy and renewable energy sector. The company specializes in Compressed Biogas (CBG) project development and operations.
| Financial Parameter: | Amount |
|---|---|
| Authorised Share Capital: | Rs. 55,00,000 |
| Paid-Up Share Capital (Pre-Allotment): | Rs. 1,00,000 |
| Turnover FY 2022-23: | NIL |
| Turnover FY 2023-24: | NIL |
| Turnover FY 2024-25: | NIL |
Strategic Objectives
The acquisition serves multiple strategic purposes for Desco Infratech:
- Establishing 75% ownership control in SGAEPL
- Acting as strategic investor in CBG project development
- Leading construction, financing, operation, and maintenance activities
- Expanding presence in renewable energy and green fuel sectors
- Diversifying into sustainable infrastructure projects
The remaining 25% shareholding will continue to be held by the existing promoters of SGAEPL, ensuring continuity in operations and local expertise.
Transaction Structure
The acquisition was executed through cash consideration via banking channels, with shares subscribed at face value. The transaction does not constitute a related party transaction, as confirmed by the company's disclosure that promoters and promoter groups have no interest in the target entity.
Regulatory Compliance
The acquisition required no governmental or regulatory approvals and was conducted in the ordinary course of business. The transaction does not fall under any scheme of arrangement and aligns with the company's strategic business objectives. The acquisition will be completed upon filing of Form PAS-3 with relevant authorities.
Consequent to this allotment, SGAEPL has become a subsidiary of Desco Infratech Limited within the meaning of the Companies Act, 2013 and SEBI LODR Regulations, marking the company's entry into the renewable energy sector.
Historical Stock Returns for Desco Infratech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.27% | -8.34% | -1.84% | -39.96% | -7.74% | -7.74% |
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