Desco Infratech Limited has secured a significant Letter of Intent (LOI) from Bharat Petroleum Corporation Limited (BPCL) for executing critical pipeline infrastructure works across multiple states in India. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015.

Project Scope and Coverage

The LOI encompasses comprehensive pipeline infrastructure development across three key segments:

The projects span across six states, demonstrating the extensive geographical reach of this mandate:

• Karnataka
• West Bengal
• Bihar
• Maharashtra
• Jharkhand
• Tamil Nadu

Strategic Significance

This development marks a strategic advancement in Desco Infratech Limited's expansion within the oil & gas and city gas distribution infrastructure sector. The inclusion of both backbone steel pipeline works and last mile connectivity through MDPE networks highlights the company's integrated execution capabilities across the entire infrastructure value chain.

The geographically diversified and multi-segment nature of the mandate is expected to deliver multiple benefits:

• Strengthen the company's order pipeline
• Enhance medium-term revenue visibility
• Improve scale efficiencies and resource deployment
• Reinforce positioning as a reliable infrastructure execution partner in the energy sector

Partnership with BPCL

The receipt of this LOI from BPCL, a reputed Maharatna PSU, marks a significant milestone in the company's growth trajectory and aligns with its strategic focus on expanding presence in the energy infrastructure domain. This partnership represents the company's capability to handle large-scale, multi-state infrastructure projects for premier energy sector clients.

Regulatory Compliance

Desco Infratech Limited has assured that upon receipt of any Purchase Orders or Contracts from BPCL, appropriate disclosure will be promptly made to the Stock Exchange in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The announcement was signed by Mr. Malhar Pankaj Desai, Whole-time Director (DIN: 07293599).

Desco Infratech Limited has paid a regulatory fine of ₹5,900.00 to BSE Limited for non-compliance with related party transaction disclosure requirements. The fine was imposed for late submission of mandatory disclosures under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Non-Compliance Details

The company received a notice from BSE Limited on December 16, 2025, regarding the alleged non-compliance for the half-year ended September 2025. The violation pertained to the delay in submitting related party transactions in the specified format within the prescribed timeline as required under SEBI regulations.

Company Response and Board Action

Desco Infratech has paid the fine within the stipulated timeframe and rectified the non-compliance. The company clarified that the non-compliance was procedural in nature and occurred due to inadvertent delay and technical and administrative constraints in collating and uploading the required information within the prescribed timeline, without any mala fide intention.

The Board of Directors addressed the matter in their meeting held on January 17, 2026. The Board took note of the incident and provided specific guidance to management regarding compliance improvements.

Impact Assessment and Future Measures

The financial impact on the company is limited to the fine amount of ₹5,900.00, with no material impact on the company's financials, operations, or other activities. The company has confirmed that the compliance has been duly completed and the fine has been remitted to BSE's designated Virtual Bank Account.

The Board has advised management to strengthen internal compliance monitoring systems to ensure timely compliance with all applicable statutory and regulatory requirements and to avoid recurrence of such instances in the future. This disclosure has been made in compliance with applicable provisions of the SEBI LODR Regulations, 2015.