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.

Desco Infratech Limited has made significant strides in expanding its presence in the gas infrastructure sector, securing multiple contracts and positioning itself for growth in various geographical areas.

Gas Pipeline Contract Win

Desco Infratech has emerged victorious in a bid for the construction of an 11.5 km steel gas pipeline in the Patan Geographical Area (GA). This project involves the laying, installation, testing, and commissioning of a 4-inch diameter steel gas pipeline. The pipeline will provide connectivity for Mandavrayji Petroleum and M/s. Gangotri Petroleum in Radhanpur, as part of a project by Sabarmati Gas Limited.

Operational Services Contracts

In addition to the pipeline project, Desco Infratech has achieved notable success in securing operational service contracts:

1. L1 Position in Pune: The company has been declared the successful bidder (L1) for operations and maintenance (O&M) activities in the Pune Geographical Area. This contract was awarded by Maharashtra Natural Gas Limited (MNGL) for their City Gas Distribution (CGD) network.

2. L2 Position in PCMC Areas: Desco Infratech has also secured the L2 position for providing support services for PNG (Piped Natural Gas) operations and maintenance of PNG connections in the Pimpri-Chinchwad Municipal Corporation (PCMC) areas. This contract is also part of MNGL's CGD network in Pune.

Expansion into Renewable Energy

In a strategic move to diversify its portfolio, Desco Infratech has incorporated a wholly-owned subsidiary named Desco Bio Green Private Limited. The new entity will focus on the renewable energy sector, particularly in the production and distribution of biogas, biomethane, and compressed biogas (CBG).

Desco Bio Green Private Limited aims to establish and manage infrastructure such as biogas plants, bio-digesters, purification systems, and related facilities. The subsidiary will also engage in the production of by-products like bio-slurry and organic compost, as well as research and development in waste-to-energy and other renewable energy solutions.

Financial Details of the Subsidiary

Desco Infratech has subscribed to 10,000 equity shares at a face value of ₹10 each, totaling ₹1.00 lakh, to fully capitalize the new subsidiary.

These developments showcase Desco Infratech's commitment to expanding its footprint in both traditional gas infrastructure and emerging renewable energy sectors. The company's strategic moves position it for potential growth in diverse areas of the energy industry.