Desco Infratech has announced the receipt of significant orders totaling Rs. 3.09 crores from two prominent gas companies, marking a positive development for the infrastructure firm.

Order Details

The company has secured two separate orders:

1. A Letter of Intent (LOI) from Sabarmati Gas Limited (SGL) worth Rs. 1.82 crores
2. An order from Indraprastha Gas Limited (IGL) valued at Rs. 1.28 crores

Project Scope

The orders encompass various services:

Sabarmati Gas Limited (SGL)

• Laying, installation, testing, and commissioning of a 4-inch diameter steel gas pipeline
• Pipeline connectivity spanning approximately 11.5 kilometers in Patan GA
• Includes connections for Mandavrayji Petroleum and M/s. Gangotri Petroleum in Radhanpur

Indraprastha Gas Limited (IGL)

• Hiring services for repair and maintenance of PNG installations
• Customer complaint services for operations and maintenance control rooms in Ajmer GA

Contract Details

Company Statement

In a filing to the BSE, Desco Infratech stated, "This is to inform that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we have received these orders." The company also clarified that the order from Sabarmati Gas Limited is in reference to an L1 bid previously intimated.

Impact and Outlook

These orders strengthen Desco Infratech's position in the gas infrastructure sector. The projects align with the company's core competencies in laying gas pipelines and providing maintenance services for PNG installations. As both orders are from domestic entities, they contribute to the company's growth within the Indian market.

Desco Infratech's ability to secure contracts from established players like Sabarmati Gas and Indraprastha Gas underscores its competitive standing in the industry. The successful execution of these projects could potentially lead to more opportunities in the growing natural gas infrastructure sector in India.

Investors and stakeholders will likely monitor the execution of these projects, as timely completion could positively impact the company's financial performance and reputation in the coming quarters.

Desco Infratech held its 14th Annual General Meeting (AGM) on September 30, 2025, where shareholders approved key appointments and other significant resolutions. The meeting was conducted through video conferencing in compliance with regulatory guidelines.

New Independent Director Appointment

Mr. Yash Mahesh Gurnani (DIN: 09605466) was regularized as an Independent Director for a five-year term, not liable to retire by rotation. Gurnani brings valuable expertise to the board with his qualifications as a Company Secretary and experience in legal compliance, capital markets, and corporate governance. His educational background includes a B.Com degree and a Diploma in Cyber Law.

Secretarial Auditors Appointed

The company appointed M/s. M. D. Baid & Associates as Secretarial Auditors for five consecutive financial years, from FY 2025-26 to FY 2029-30. The firm, led by CS Mohan D. Baid, boasts 41 years of experience in corporate secretarial and legal advisory services. They serve a diverse clientele across various industries, including chemicals, pharmaceuticals, gems & jewellery, financial intermediation, and textiles.

Other Key AGM Proceedings

The AGM, chaired by Mr. Pankaj Pruthu Desai, also addressed several other important matters:

• Approval of audited financial statements for the year ended March 31, 2025
• Re-appointment of Mr. Samarth Pankaj Desai (DIN: 08019677) and Mr. Amulya Kumar Jena (DIN: 09594511), who retired by rotation
• Revision in remuneration for Managing Director Mr. Pankaj Pruthubhai Desai (DIN: 03344685)
• Approval of related party transactions with Desai Associates and Desai Energy Private Limited for sale of services, each up to ₹30.00 crores per financial year

Voting Process

The company provided remote e-voting facilities to shareholders from September 27 to September 29, 2025, with additional e-voting available during the AGM. Mr. Shreyansh Baid, Partner at M/s. M.D. Baid & Associates, was appointed as the Scrutinizer to ensure a fair and transparent voting process.

The AGM concluded at 02:54 PM (IST), with the company set to declare and submit the voting results within the stipulated time frame to stock exchanges and on the company's website.

These appointments and resolutions mark significant steps for Desco Infratech as it strengthens its corporate governance and positions itself for future growth in the infrastructure sector.