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 disclosed receiving a regulatory fine from BSE Limited for compliance-related delays during the quarter ended September 2025. The company received the notice on November 20, 2025, and has since rectified the non-compliance while paying the prescribed penalty.

Regulatory Fine Details

BSE Limited imposed a fine on the company for alleged non-compliance under Regulation 13(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The penalty was specifically related to the late submission of the Statement of Investor Complaints for the quarter ended September 2025.

Company Response and Rectification

Desco Infratech has characterized the delay as inadvertent and unintentional in nature. The company promptly paid the fine within the stipulated timeframe and completed all necessary compliance requirements. The fine amount was remitted to the designated Virtual Bank Account of BSE Limited as per the exchange's instructions.

The company clarified that the compliance delay has been fully rectified and confirmed there is no material impact on the company's financial, operational, or other business activities beyond the monetary penalty paid.

Board Review and Future Measures

In compliance with exchange directions, the matter was presented before the Board of Directors at their meeting held on December 16, 2025. The Board took note of the compliance issue and provided specific guidance to management regarding future preventive measures.

Key board recommendations include:

• Strengthening internal compliance monitoring systems
• Ensuring timely compliance with all statutory and regulatory requirements
• Implementing measures to avoid recurrence of such instances

Regulatory Framework

The fine was levied under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which prescribes penal actions for non-compliance with SEBI LODR Regulations. Under Regulation 13(3), companies are required to submit statements on shareholder complaints within prescribed periods, with penalties of ₹1,000.00 per day until compliance is achieved.

The company has made this disclosure in compliance with Regulation 30 of the SEBI LODR Regulations, 2015, ensuring transparency with stakeholders regarding regulatory matters and their resolution.