Desco Infratech Promoter Acquires 13,000 Shares Worth ₹21.11 Lakh Through Open Market Purchase

Desco Infratech Limited has announced that its promoter has acquired additional equity shares through open market transactions, as disclosed in a regulatory filing dated March 4, 2026. Promoter Share Purchase Details Pankaj Pruthu Desai, who serves as Chairman & Managing Director and is categorized as both Promoter and Designated Person, purchased 13,000 equity shares of the company through BSE. Parameter: Details Shares Acquired: 13,000 equity shares Transaction Value: ₹21,10,810 Purchase Period: March 2-4, 2026 Exchange: BSE Transaction Type: On-Market Purchase Post-Transaction Holding: 0.16% Regulatory Compliance The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company confirmed that the required Form C disclosure was received from the promoter and submitted to BSE within the prescribed timeline. The regulatory filing included comprehensive details of the transaction, with the promoter's contact information and PAN details (AAPPD7234E) along with DIN (03344685) properly documented. Transaction Context Prior to this acquisition, the promoter held no equity shares in the company. The open market purchase represents a fresh investment by the promoter, bringing his total shareholding to 0.16% of the company's equity capital. The company's Company Secretary & Compliance Officer, Muskan Khandal, submitted the disclosure documentation to BSE's Listing Department, ensuring full regulatory compliance with insider trading norms. Key Details The transaction details reveal a systematic approach to the share acquisition: Company ISIN: INE0TGG01014 Promoter Address: 39, Amrapali Bunglows, Near Gayatri Mandir, U M Road, Surat-395017 Filing Date: March 4, 2026 Filing Location: Surat The disclosure confirms no derivative trading activities were undertaken by the promoter during this period, with the Form C clearly indicating "NIL" for any futures or options contracts. Desco Infratech Limited has announced the successful acquisition of a controlling stake in Shri Green Agro Energies Private Limited (SGAEPL) through a rights issue subscription. The transaction, completed on February 25, 2026, represents a strategic move into the renewable energy sector for the infrastructure company. Acquisition Details The company acquired 2,00,000 equity shares of Rs. 10/- each in SGAEPL through cash consideration via rights issue subscription. The Board of Directors approved this acquisition at their meeting held on February 2, 2026, following an earlier intimation dated January 9, 2026. Parameter: Details Shares Acquired: 2,00,000 equity shares Face Value per Share: Rs. 10/- Total Investment: Rs. 20,00,000 Shareholding Percentage: 75% Transaction Date: February 25, 2026 Target Company Profile Shri Green Agro Energies Private Limited, incorporated in 2022 with CIN U40106UP2022PTC174329, operates in the agro-energy and renewable energy sector. The company specializes in Compressed Biogas (CBG) project development and operations. Financial Parameter: Amount Authorised Share Capital: Rs. 55,00,000 Paid-Up Share Capital (Pre-Allotment): Rs. 1,00,000 Turnover FY 2022-23: NIL Turnover FY 2023-24: NIL Turnover FY 2024-25: NIL Strategic Objectives The acquisition serves multiple strategic purposes for Desco Infratech: Establishing 75% ownership control in SGAEPL Acting as strategic investor in CBG project development Leading construction, financing, operation, and maintenance activities Expanding presence in renewable energy and green fuel sectors Diversifying into sustainable infrastructure projects The remaining 25% shareholding will continue to be held by the existing promoters of SGAEPL, ensuring continuity in operations and local expertise. Transaction Structure The acquisition was executed through cash consideration via banking channels, with shares subscribed at face value. The transaction does not constitute a related party transaction, as confirmed by the company's disclosure that promoters and promoter groups have no interest in the target entity. Regulatory Compliance The acquisition required no governmental or regulatory approvals and was conducted in the ordinary course of business. The transaction does not fall under any scheme of arrangement and aligns with the company's strategic business objectives. The acquisition will be completed upon filing of Form PAS-3 with relevant authorities. Consequent to this allotment, SGAEPL has become a subsidiary of Desco Infratech Limited within the meaning of the Companies Act, 2013 and SEBI LODR Regulations, marking the company's entry into the renewable energy sector. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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