Announcement under Regulation 30_MOU Execution
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Desco Infratech has signed an MOU to acquire 75% equity in Shri Green Agro Energies Private Limited (SGAEPL), making it a subsidiary of Desco upon completion. The deal involves subscribing to 4,05,000 fully paid-up equity shares at face value of Rs. 10, totaling Rs. 40.5 lakh in cash. SGAEPL is a pre-revenue company incorporated in 2022 (turnover NIL for FY23, FY24, and FY25) focused on Compressed Biogas (CBG) projects in the renewable energy sector. A Share Subscription Agreement is to be executed within 30 days. This is not a related-party transaction and no regulatory approvals are required for the MOU signing.
This is a small-scale diversification move for Desco into the CBG/renewable energy space, but the target has no revenue so the immediate financial impact is limited. Shareholders should view this as an early-stage strategic expansion rather than a value-accretive deal in the near term.