Desco Infratech Ltd

Order details

• Awarding entity: Adani Total Gas Limited (ATGL) — domestic.
• Nature: MDPE pipeline laying and LMC activities at Navsari.
• Value: Rs. 23,397,835.32 inclusive of GST.
• Time period: As per the Contract.
• Promoter interest: No.

NREDCAP empanelment details

• Desco Infratech has been empanelled by NREDCAP as an approved supplier.
• Scope covers rooftop PV plants from 1 KWp to 500 KWp.
• Locations are in Andhra Pradesh under the Solar Rooftop Net Metering Policy.
• Empanelment does not guarantee orders; opportunities depend on future proposals and work orders.
• Strategic significance: strengthens presence in rooftop solar and diversifies project pipeline.
• Intimation date: 21 September 2026.

LOI Award Details

• Sabarmati Gas Limited (JV of GSPC & BPCL) issued LOI for pipeline works.
• Scope: Laying, installation, testing and commissioning of 4' diameter steel gas pipeline.
• Location: Aravalli GA, Gujarat, for Balaji Wafers Pvt. Ltd.
• Value: Rs 5,861,642.45 inclusive of GST.
• Execution: As per the contract; domestic awarding entity; no promoter group interest.

Parties & Purpose

• Parties: Desco Infratech Limited and DenEB Air Gases Private Limited.
• Purpose: strategic collaboration to pursue EPC opportunities in LNG, LCNG, CNG infrastructure.

Key Terms

• Consideration: payments per project to be mutually discussed; no fixed amounts.
• Scope: jointly identify, bid for, secure, and execute EPC projects.
• Term: long-term strategic collaboration; no fixed JV or ownership terms.
• Scope detail: LNG, LCNG, CNG infrastructure alignment; EPC execution capabilities.

Related Party & Impact

• Related party: not a related party; no promoter/group interest.
• Impact: potential access to LNG/LCNG/CNG EPC opportunities and capabilities.

Regulatory / Disclosures

• Annexure A contains disclosed details as per SEBI circular.
• Related regulatory disclosures attached; no immediate approvals stated.

Order details

• Awarding entity: Indian Oil Corporation Limited (IOCL) issued LOA for Vizag LMC/GI DMA works.
• Scope: Empanelment of contractors under Zonal Rate Contract for LMC, GI installation and DMA works in Vizag GA.
• Contract value: Rs 30,290,271, inclusive of GST.
• Domestic awarding entity: IOCL is domestic.
• Execution to be completed as per the contract.
• Promoter group interest: No.
• LOA receipt date: 9 September 2026.

Financial snapshot

• Revenue from operations (standalone) ₹11,861.26 Lacs, up 99.5% YoY.
• Standalone PAT ₹1,638.12 Lacs, up 80.5% YoY.
• Consolidated revenue ₹11,861.26 Lacs; PAT ₹1,634.67 Lacs.
• Consolidated EPS ₹21.30; Standalone EPS ₹21.34.
• Debt-to-Equity 0.22x; Net worth ₹7,079 Lacs.
• No dividend for FY2025-26.

Segment performance

• CGD revenue ₹8,324.04 Lacs; PAT ₹1,284.24 Lacs; PAT margin 15.42%.
• Power & Renewable EPC revenue ₹3,537.22 Lacs; PAT ₹353.88 Lacs; PAT margin 10.01%.
• CGD contributes about 70% of revenue; strong execution discipline.
• Order book over ₹370 Crores; bidding capacity > ₹50 Crores.
• PNG installations grew 599% in H1 FY26.
• Geographic footprint across 14 states and 55+ cities.

Growth & strategy

• Listed on BSE SME Platform in April 2025.
• Expanded into Renewable Energy, Water Infrastructure, and other sectors.
• MoU for Hydrogen-Natural Gas blending signed Oct 2025 with KPI Green Hydrogen and Ammonia, and Naveriya Gas.
• CGD and clean energy expansion; emphasis on future-ready capabilities.

Capital structure & liquidity

• Authorized share capital ₹9.0 Crores; issued & paid-up ₹7.676 Crores.
• IPO funds reallocation of ₹168.04 Lacs to working capital.
• Standalone cash ₹69.26 Lacs; Consolidated cash ₹79.38 Lacs.
• IPO proceeds used to fund growth; not all funds yet deployed.

Subsidiaries & investments

• Subsidiaries: Desco Bio Green Private Limited; Shri Green Agro Energies Private Limited; Desco Global FZ-LLC.
• DBG investment ₹0.99 Lacs; SGAEPL ₹20.00 Lacs; Desco Global FZ-LLC UAE subsidiary.
• Desco Global FZ-LLC not yet operational as of 31/03/2026.

Governance & audits

• Board meetings: 18; Audit Committee: 5; Nomination: 4; Stakeholders' Relationship: 1; CSR: 2.
• Independent Director Yash Gurnani resigned from 01-Jul-2026; Shailesh Kalidas Naik appointed 01-Jul-2026.
• Company Secretary changes: Muskan Khandal resigned 07-Aug-2026; Tripti Gaggar appointed 07-Aug-2026.
• Statutory Auditor: K A Sanghavi & Co. LLP; Internal Auditor: Kanchan Agarwal; Secretarial Auditor: M. D. Baid & Associates.

CSR & ESG

• CSR spend ₹9.50 Lacs; average net profit ₹9,14,248.
• CSR policy disclosed; Lok Rakshak Sena Foundation receiving ₹9.50 Lacs.
• Policy available on descoinfra.co.in; CSR committee chaired by Malhar Desai.

Outlook & risks

• CGD strong growth; Renewable energy and water infra positive.
• Plan to reach ₹1,000 crore infrastructure & clean energy by FY2030.
• Focus on execution, technology adoption, and disciplined capital allocation.

AGM Details

• AGM date/time/mode: 30 Sep 2026 at 2:00 PM IST via VC/OAVM.
• Record date for voting: 23 Sep 2026.
• Remote e-voting window: 27–29 Sep 2026.

Key Resolutions

• Item 1: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Item 2: Reappointment of Pankaj Pruthu Desai as Managing Director, retiring by rotation.
• Item 3: Regularization of Shailesh Kalidas Naik as Independent Director for five years.
• Item 4: Borrowing powers increased to ₹150 Crores.
• Item 5: Create/secure borrowings up to ₹150 Crores.
• Item 6: Loans/guarantees/securities to specified entities up to ₹10 Crores each.
• Item 7: Invest/loan/guarantee up to ₹60 Crores.
• Item 8: Related party transactions with Desco Bio Green Private Limited up to ₹30 Crores.
• Item 9: Related party transactions with Shri Green Agro Energies Private Limited up to ₹30 Crores.
• Item 10: MD commission at 1% of turnover from 1 Oct 2026; may exceed limits.
• Item 11: Remuneration of Malhar Desai revised to ₹1,45,000 per month from 1 Oct 2026.
• Item 12: Remuneration of Samarth Desai revised to ₹1,35,000 per month from 1 Oct 2026.

Related Party Transactions

• Desco Bio Green Private Limited: sale of services up to ₹30 Crores annually.
• Shri Green Agro Energies Private Limited: sale of services up to ₹30 Crores annually.

Director & Remuneration Details

• Shailesh Kalidas Naik regularized as Independent Director for five-year term starting 1 July 2026.
• Pankaj Pruthu Desai: founder/MD; board appointment since 2024.
• Remuneration revisions subject to applicable approvals.