Desco Infratech Ltd

Order details

• Awarding entities: KP Energy Limited; Adani Total Gas Limited; Maharashtra Natural Gas Limited
• Nature and scope: HDPE pipe supply, cable laying, OFC, and MDPE/LMC MNGL projects; KPI-GUVNL Phase II.
• Contract value: Rs. 21,424,092.20 inclusive of GST
• Jurisdiction: Domestic entities
• Execution period: As per the contract
• Significant terms: As per the contract
• Related party status: No promoter/group interest; not a related-party transaction

Bid status – IOC Vizag LMC/GI DMA works

• Desco emerged as L1 bidder for IOC's Vizag GA LMC/GI installation and DMA works in Andhra Pradesh.
• Scope covers laying/testing/commissioning underground PE mains 20-180mm and GI/Cu above-ground installation for PNG connections.
• Direct Marketing Services for PNG connections; installation of DRS/MRS/DCU/Metering Skid/SR/Meters/ Regulators.
• Details per SEBI LODR to be disclosed upon LOI/LOA/PO; no financials disclosed yet.
• Date and author: 13 August 2026; Malhar Pankaj Desai, Whole-time Director.

Resignation of CS and ICC member

• Resigned as Company Secretary and Compliance Officer; ceases ICC membership, effective Aug 7, 2026.
• Reason: personal reasons.

Appointment of CS and Compliance Officer

• Appointed CS Tripti Gaggar as Company Secretary and Compliance Officer, effective Aug 7, 2026.
• Profile: Law graduate and Associate member of ICSI (M No. 79044).
• Disclosure of relationships with directors: Not Applicable.

Project completion

• Completed and commissioned 100+ km MDPE pipeline network for ATGL in Faridabad.
• Installed 6,500+ domestic PNG connections under the ATGL contract.

Client and scope

• Contract awarded by Adani Total Gas Limited (ATGL) for CGD expansion.

Outlook and strategic impact

• Supports India's gas infrastructure expansion and energy security goals.
• Demonstrates Desco's execution capabilities in the CGD market.

Operational emphasis

• Maintained safety, quality assurance, and timely delivery during execution.

Licence grant details

• Desco Infratech Ltd has been granted an Electrical Contractor's Licence by Government of Gujarat.
• Licence enables electrical installation works in Gujarat, subject to applicable laws.
• Licence is valid for five years from the date of issue.
• Strengthens operational capabilities in electrical infrastructure and enables project participation in Gujarat.
• Annexure A provides regulatory details and impact as per SEBI LODR.
• Estimated monetary impact is not quantified at this stage.
• Validity five years from issuance; no penalty disclosed.

Regulation 74(5) applicability

• Regulation 74(5) not applicable as entire holding is in demat form; no requests received.
• No dematerialisation/rematerialisation requests were received during the reporting period.

Board and Committee Changes

• Yash Gurnani resigns as Non-Executive Independent Director, effective July 1, 2026, ceasing N&RC member and SR Committee chair.
• Shailesh K Naik appointed Additional Non-Executive Independent Director, effective July 1, 2026; five-year tenure pending shareholder approval.
• Nomination & Remuneration Committee reconstituted.
• Members: Kaushal M Rangoonwala (Chairman, NED), Shailesh Naik (Member, NED), Anita Digbijay Paul (Member, NED).
• Stakeholders' Relationship Committee reconstituted.
• Members: Shailesh Naik (Chairman, NED), Samarth Pankaj Desai (Executive Director), Pankaj Pruthu Desai (Executive Director).
• Shailesh Naik not related to directors; not debarred; appointment subject to shareholder approval.
• Board approved the reconstitution of committees.

Order details

• Awarding entity: Adani Total Gas Limited (ATGL), domestic.
• Scope: MDPE pipeline laying and LMC activities for domestic, commercial, and industrial connections at Faridabad.
• Contract value: Rs 67,420,149.60 inclusive of GST.
• Execution period: As per the contract.
• Promoter group interest: No.
• PO receipt date: 29 June 2026.
• Key terms: As per contract.

Senior management appointment

• Mr. Arun Kumar Kalyanaraman appointed as President Strategic Projects and Senior Management Personnel.
• Effective 1 June 2026; full-time term.
• Reason cited: technical expertise and leadership in large-scale infrastructure projects.
• He has over 43 years' experience in EPC, pipelines, CGD, oil and gas infrastructure.
• He is not related to any director of the company.

Internal auditor re-appointment

• M/s. Kanchan Agarwal & Associates re-appointed as internal auditor for FY 2026-27.
• Appointment approved on 29 May 2026, based on Audit Committee recommendation.
• Firm provides internal audit, risk assessment, internal controls, and compliance review services.
• The firm is not related to any director of the company.

Order receipt

• Desco Infratech received purchase order/FOA from KP Energy Limited and GAIL Gas Limited.
• Scope covers cable laying, HDPE pipes, OFC works, termination kits, and allied infrastructure works.
• Also includes hiring contract for underground MDPE pipeline laying and associated works for GAIL Gas Bengaluru CGD projects.
• Order value is Rs. 56,225,821.35 inclusive of GST.
• Awarding entities are domestic.
• Execution period is as per the contract.
• No promoter or promoter group interest was disclosed.
• No related party transaction was indicated.