Desco Infratech Limited has submitted the exchange the voting results along with Scrutinizer''s Report of 14th AGM of the company held on Tuesday, September 30, 2025 through VC/OVAM.
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Desco Infratech Limited held its 14th Annual General Meeting on September 30, 2025, via video conferencing, and all 8 resolutions were passed with 100% approval. Total votes polled stood at 44,66,000 shares, representing 58.18% of the outstanding shares, with promoters voting their entire 44,61,000 shareholding. Public non-institutional participation was extremely thin — only 5,000 shares out of 29,42,008 (0.17%) were voted, and public institutions did not vote at all. Key resolutions included adoption of FY25 financial statements, re-appointment of two retiring directors (Mr. Samarth Pankaj Desai and Mr. Amulya Kumar Jena), appointment of Mr. Yash Gurnani as Independent Director for 5 years, appointment of M.D. Baid & Associates as Secretarial Auditor, revision in Managing Director Mr. Pankaj Pruthubhai Desai's remuneration effective October 1, 2025, and approval of related party transactions with Desai Associates (up to Rs 30 crore) and Desai Energy Private Limited.
All resolutions passed unanimously with no dissent, so no negative governance shock for shareholders. The extremely low public participation (0.17% of non-promoter retail shares) and approval of related party transactions worth up to Rs 30 crore are worth tracking, but the meeting outcome is routine and unlikely to move the stock meaningfully.