Desco Infratech Limited has secured a significant infrastructure contract worth Rs 2,94,75,864.28 from Aavantika Gas Limited, as announced through a regulatory filing on March 09, 2026. The Letter of Intent (LOI) pertains to MDPE laying and last mile connectivity works at Indore GA, marking another milestone in the company's gas infrastructure portfolio.

Contract Details

The comprehensive contract encompasses specialized pipeline infrastructure work in the domestic market. The following table outlines the key parameters of this significant order:

Regulatory Compliance and Corporate Governance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that this contract does not involve any related party transactions, ensuring arm's length dealing principles.

Key governance aspects include:

• No promoter or promoter group interest in the awarding entity
• Contract terms and conditions as per standard commercial agreements
• Full compliance with regulatory disclosure requirements

Strategic Significance

This contract reinforces Desco Infratech's position in the gas infrastructure sector, particularly in MDPE (Medium Density Polyethylene) pipeline laying and connectivity solutions. The Indore GA project represents the company's continued engagement in critical energy infrastructure development across domestic markets.

The announcement was signed by Mr. Malhar Pankaj Desai, Whole-time Director (DIN: 07293599), emphasizing the senior management's direct involvement in major contract communications. The contract value of nearly Rs 3 crores demonstrates the company's capability to secure substantial infrastructure projects in the competitive gas distribution sector.

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.

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.

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.