Desco Infratech Limited has secured substantial new business with orders worth ₹5.37 crores from three prominent energy sector companies. The company announced the receipt of these orders through a regulatory filing under SEBI Regulation 30 on January 06, 2026.

Order Details and Client Portfolio

The orders have been awarded by three major players in India's energy sector: Adani Total Gas Limited (ATGL), Bharat Petroleum Corporation Limited (BPCL), and Maharashtra Natural Gas Limited (MNGL). All three entities are domestic companies, reinforcing Desco Infratech's strong position in the Indian energy infrastructure market.

Scope of Work and Geographic Coverage

The orders encompass diverse PNG (Piped Natural Gas) infrastructure and operational services across multiple states. The scope includes PE PNG works in Faridabad and Palwal for ATGL, comprehensive operations and maintenance services for BPCL's PNG network in Hanumangarh District of Rajasthan State, and support services for PNG operations and maintenance of PNG connections in PCMC areas including Wakad and Talegaon for MNGL's CGD network in Pune.

Contract Structure and Compliance

The company has confirmed that the contracts will be executed as per the terms specified in each agreement. The orders do not constitute related party transactions, and the promoter group has no interest in any of the awarding entities. This ensures arm's length transactions and maintains corporate governance standards.

Strategic Significance

These orders represent Desco Infratech's continued expansion in the natural gas infrastructure sector, working with leading energy companies across different geographical regions. The diverse nature of services - from infrastructure development to operations and maintenance - demonstrates the company's comprehensive capabilities in the CGD (City Gas Distribution) sector.

The announcement was signed by Mr. Malhar Pankaj Desai, Whole-time Director, confirming the company's commitment to transparent disclosure practices under SEBI regulations.

Desco Infratech Limited has successfully obtained shareholder approval for its proposal to redirect Rs 168.04 lakhs from IPO proceeds originally allocated for machinery purchase towards working capital requirements. The resolution was passed through a postal ballot process that concluded on December 18, 2025.

Voting Results and Approval

The company announced the voting results on December 20, 2025, confirming that shareholders have approved the variation in terms of objects of the Initial Public Offering (IPO). The postal ballot was conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL).

Original Proposal Details

The reallocation proposal was initiated to optimize the utilization of IPO funds based on current business requirements. The management identified that existing machinery and technical capabilities were sufficient for current operational needs, while new project acquisitions required enhanced working capital support.

IPO Fund Utilization Overview

The approved change affects only the unutilized portion earmarked for machinery purchase. The complete IPO fund utilization structure shows strategic deployment across various corporate objectives.

Management Rationale

The Board of Directors justified this reallocation based on comprehensive operational assessment and strategic business requirements. Key factors included sufficient existing infrastructure, acquisition of new projects in existing and new geographical areas, and the need for adequate liquidity to execute high-value contracts without depending on external borrowings.

Regulatory Compliance

The postal ballot process was conducted in full compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CS Mohan D Baid of MD Baid Associates served as the scrutinizer for the voting process, ensuring transparency and fairness in the proceedings.

With shareholder approval secured, Desco Infratech can now proceed with redirecting the unutilized IPO funds towards working capital, supporting its growth strategy and enhancing revenue generation capacity through timely project execution.