Announced Mon, 7 Sept · 10:50 IST

Desco Infratech 15th AGM on Sep 30, 2026; key items include borrowing limit raise to Rs 150 Cr

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Desco Infratech 15th AGM is on Sep 30, 2026 at 2 PM via video conferencing. Items include FY26 financial statements adoption, MD Pankaj Desai reappointment, regularization of Shailesh Naik as Independent Director for 5 years, borrowing limit raised to Rs 150 Crores, related party deals up to Rs 30 Crores each with two group firms, 1 percent commission to MD on turnover, and revised pay for two directors at Rs 1.45 lakh and Rs 1.35 lakh per month. E-voting via NSDL runs from Sep 27 to Sep 29, with cutoff date Sep 23.

Likely market impact

Shareholders vote on higher borrowing capacity (Rs 150 Cr), related party deals worth Rs 60 Cr, and director pay hikes. Review and cast vote before Sep 29.