Announcement under Regulation 30 of SEBI (LODR) Regulation, 2013
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Desco Infratech is expanding into the Compressed Bio Gas (CBG) and renewable energy sector to align with its proposed acquisition of Shri Green Agro Energies Private Limited, where it plans to acquire a 75% equity stake (MOU signed on January 9, 2026). The new business activities will include development, production, processing, storage, distribution, and sale of CBG, bio-energy products, and allied by-products. The company's objects clause is being amended to enable seamless integration of operations post-acquisition. Further disclosures will follow as the deal progresses.
Shareholders should note that the company is diversifying from its existing infrastructure business into the CBG and renewable energy space, which represents a strategic pivot tied to the pending acquisition. The stock could see increased interest if the deal closes successfully, though execution and integration risks remain until the acquisition is completed.