Desco Infratech Limited has filed mandatory SEBI SAST disclosure for a promoter share transfer involving 23,82,354 equity shares representing 31.04% voting rights. Pankaj Pruthu Desai acquired the shares from Indiraben Pruthu Desai through an off-market inter-se gift transfer between immediate relatives, increasing his stake from 0.20% to 31.24% while the transferor's holding reduced to zero.

Desco Infratech Limited Files SEBI SAST Disclosure for Promoter Share Transfer

Desco Infratech Limited has completed a significant promoter share transfer between immediate relatives and filed the mandatory disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the transfer of 23,82,354 equity shares through an off-market inter-se transfer by way of gift.

Transaction Overview

Pankaj Pruthu Desai, promoter of Desco Infratech Limited, acquired 23,82,354 equity shares from Indiraben Pruthu Desai through a gift transaction between immediate relatives. The transfer was executed on 07.04.2026 and represents a substantial movement within the promoter group.

Parameter: Details Transaction Type: Off-market inter-se transfer by way of gift Shares Transferred: 23,82,354 equity shares Voting Rights: 31.04% of total shareholding Transaction Value: Nil (gift transaction) Execution Date: 07.04.2026 Stock Exchange: BSE SME

Shareholding Changes

The transaction resulted in a complete transfer of shareholding from Indiraben Pruthubhai Desai to Pankaj Pruthu Desai, significantly altering the promoter holdings structure within the company.

Promoter: Before Transaction After Transaction Change Pankaj Pruthu Desai: 15,000 shares (0.20%) 23,97,354 shares (31.24%) +23,82,354 shares Indiraben Pruthubhai Desai: 23,82,354 shares (31.04%) 0 shares (0.00%) Complete disposal

Regulatory Compliance

The acquisition qualifies for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011, being an inter-se transfer between immediate relatives by way of gift. Pankaj Pruthu Desai had previously filed the required disclosure under Regulation 10(5) on November 14, 2025, within the prescribed timelines.

Documentation and Filing

The formal disclosure was submitted to BSE Limited on 08.04.2026, with Pankaj Pruthu Desai signing the regulatory documents from his address at 39, Amrapali Bunglows, Near Gayatri Mandir, U M Road, Surat. The transaction rationale was stated as "promoters inter se transfer of shares among immediate relatives through gifting of shares out of natural love and affection."

Corporate Governance

Muskan Khandal, Company Secretary and Compliance Officer of Desco Infratech Limited, was copied on the regulatory filing to ensure proper record maintenance. The company has maintained full compliance with SEBI regulations throughout the share transfer process, with all required disclosures filed within stipulated timeframes.

Desco Infratech Limited has submitted its quarterly compliance certificate to BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 08, 2026, by Company Secretary and Compliance Officer Ms. Muskan Khandal.

Regulatory Compliance Certificate Details

The certificate was issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent (RTA). The compliance document confirms that Regulation 74(5) is not applicable to Desco Infratech Limited due to the complete dematerialization of its shareholding structure.

Parameter: Details Quarter Covered: March 31, 2026 Submission Date: April 08, 2026 Registrar: Bigshare Services Private Limited Regulation: SEBI (Depositories and Participants) Regulations, 2018 Certificate Reference: BSS/74(5)

Share Holding Structure Status

The certificate confirms that the entire holding of the company's shares remains in dematerialized form. Bigshare Services Private Limited, acting as the authorized signatory through Akash Shamal, confirmed that no requests were received from any members for rematerialisation or dematerialisation during the quarter ended March 31, 2026.

Company Information

Desco Infratech Limited, formerly known as Desco Infratech Pvt Ltd, operates as an ISO 9001:2015 certified company with CIN number L45201GJ2011PLC063710. The company is headquartered in Surat, Gujarat, and trades on BSE Limited under scrip code 544387.

Regulatory Framework

The submission follows SEBI circulars including NSDL/CIR/II/5/2019 dated January 25, 2019, and DSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019. The regulatory framework ensures proper monitoring and compliance of depositories and participants in the securities market ecosystem.

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