Ducon Infratechnologies Limited , a prominent player in the infrastructure technology sector, held its 16th Annual General Meeting (AGM) on September 30, 2025, marking significant changes in its leadership structure and corporate governance.

Leadership Reappointments and New Appointments

The company announced several key appointments and reappointments during the AGM:

• Mr. Arun Govil: Reappointed as Managing Director for a 5-year term, effective September 30, 2025. His continuation is subject to Central Government approval due to his attaining the age of 70 years.
• Mr. Harish Shetty: Appointed as Executive Whole-Time Director & Chief Financial Officer for a 5-year term, effective September 6, 2025.

Professional Backgrounds of Key Appointees

Mr. Arun Govil

A seasoned professional with over three decades of business management experience. He holds a bachelor's degree in chemical engineering and an MBA in Finance from the USA. Mr. Govil has been associated with Ducon Infratechnologies since its takeover and brings extensive expertise in core technologies, business mergers & acquisitions, product engineering, finance, and overall corporate growth and management.

Mr. Harish Shetty

Brings more than 30 years of experience in accounts, finance, and taxation. He has headed financial functions across manufacturing, service, and EPC sectors, demonstrating thorough knowledge in handling multi-state operations and ensuring statutory compliance.

Corporate Governance Enhancement

In a move to strengthen its corporate governance practices, Ducon Infratechnologies appointed M/s. VRG & Associates as the Secretarial Auditor for a five-year term from April 2025 to March 2030. This appointment underscores the company's commitment to maintaining high standards of regulatory compliance and transparency.

AGM Proceedings and Shareholder Engagement

The AGM, conducted through video conferencing, saw active participation from shareholders. Key highlights include:

• The meeting commenced at 5:36 PM and concluded at 6:08 PM.
• 52 shareholders attended the virtual meeting.
• The total shareholder base as of the record date (September 23, 2025) stood at 73,901.

Financial Statement Adoption and Other Resolutions

Shareholders voted on several resolutions, including:

1. Adoption of audited Standalone and Consolidated Financial Statements for the year ended March 31, 2025.
2. Reappointment of Mr. Arun Govil as a director.
3. Continuation and reappointment of Mr. Arun Govil as Managing Director.
4. Reappointment of Mr. Harish Shetty as Executive Whole-time Director & CFO.
5. Appointment of M/s. VRG & Associates as Secretarial Auditor.

The company assured that the voting results, along with the Consolidated Scrutinizer's report, would be announced at the registered office and displayed on the company's website.

These strategic appointments and governance measures reflect Ducon Infratechnologies' focus on strengthening its leadership team and enhancing its corporate governance framework, positioning the company for future growth and compliance in the dynamic infrastructure technology sector.

Ducon Infratechnologies Ltd. , a leading engineering solutions provider based in Thane, India, has announced the launch of a research and development program aimed at developing solvent-based carbon capture technology. This initiative underscores the company's commitment to industrial decarbonization and long-term value creation for shareholders.

Program Objectives

The R&D program focuses on creating scalable, cost-effective solutions to capture CO₂ from flue gas streams across various industries, including power, cement, steel, and oil & gas. Leveraging Ducon's extensive experience in air pollution control, bulk material handling, and clean energy, the initiative will concentrate on:

• Advanced solvent formulations
• Optimized mass-transfer equipment
• Heat-integration schemes to reduce energy consumption and lifecycle costs

Initial Phase and Partnerships

The initial phase of the program includes:

• Bench-scale experimentation
• Process modeling
• Partnerships with academic and industrial collaborators

These efforts aim to accelerate the time-to-pilot for the technology.

Market Opportunity in India

The Indian carbon capture and storage market is projected to grow at a compound annual growth rate (CAGR) of 10.30% from 2025 to 2030. This growth is supported by India's decarbonization roadmap, which points to increasing deployment of carbon capture, utilization, and storage (CCUS) technologies to complement renewable energy and efficiency gains.

Aron Govil, CMD of Ducon Infratechnologies, stated, "Solvent-based capture remains the most technically proven route for post-combustion applications, offering retrofit flexibility for brownfield facilities across India. By investing in solvent-based carbon capture R&D today, we aim to position Ducon as a trusted technology partner for customers seeking practical, bankable pathways to meet their CO2 emissions targets."

Value Creation for Investors

Ducon expects this R&D initiative to create multi-year value through:

1. Technology Differentiation: Developing proprietary solvent blends and optimized absorber/stripper configurations to improve project economics and competitiveness.
2. High-Margin Services: Creating opportunities for engineering, procurement, and construction (EPC) services, as well as long-term operations, maintenance, and solvent management services.
3. Strategic Optionality: Anticipating opportunities for partnerships and platform expansion as the CCUS ecosystem scales.

Next Steps

Ducon plans to advance from bench-scale testing to a pilot installation, subject to validation milestones. The company will provide updates on key technical and commercial progress, including performance metrics, partner announcements, and customer demonstrations.

As India continues to pursue its net-zero emissions goals and develop its carbon market, Ducon Infratechnologies' investment in carbon capture technology positions the company to play a significant role in the country's decarbonization efforts.