Desco Infratech Limited has informed the exchange about Resignation of Independent Director and Appointment of Additional Independent Director of the company. Disclosure is attached herewith.
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Desco Infratech Limited informed the stock exchange about two changes on September 5, 2025. Mr. Mahendra Sabarsinh Gusain resigned as Independent Director due to personal and other professional commitments, with effect from the close of business hours on the same day. As a result, he also stepped down as Chairman of the Stakeholders' Relationship Committee and Member of the Nomination and Remuneration Committee. On the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Yash Mahesh Gurnani as Additional Independent Director for a term of five consecutive years, effective immediately. Mr. Gurnani is a qualified Company Secretary with a B.Com degree and a Diploma in Cyber Law, experienced in legal compliance, capital markets, and corporate governance. The company confirmed he is not debarred by SEBI or any other authority.
This is a routine board reshuffle at Desco Infratech with no governance concerns flagged. Shareholders should note a new Independent Director will require shareholder approval at the next general meeting, but the change is unlikely to materially affect the stock price or operations.