Desco Infratech Limited informed the exchange that the meeting of the Board of Directors of the Company was held today i.e. September 5, 2025, inter alia to consider and approve the draft ....
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Desco Infratech's board met on September 5, 2025 and approved several items including the FY25 Annual Report, Director's Report, and Secretarial Audit Report. Independent Director Mr. Mahendra Sabarsinh Gusain resigned citing personal and professional commitments, and Mr. Yash Gurnani was appointed as Additional Independent Director for a 5-year term. Two directors (Mr. Samarth Pankaj Desai and Mr. Amulya Kumar Jena) were recommended for re-appointment via rotation. The board approved a revision in Managing Director Mr. Pankaj Desai's remuneration, adding a commission component effective October 1, 2025, subject to shareholder approval. Two related party transactions — with Desai Associates and Desai Energy Private Limited, each up to ₹30 crore per year for sale of services — were approved and will be placed before shareholders. The board also noted progress on setting up a new wholly-owned subsidiary called Desco Bio Green Private Limited and fixed September 30, 2025 for the 14th AGM.
The resignation and replacement of an Independent Director is routine but worth noting. The ₹30 crore related party transactions and the MD remuneration revision are subject to shareholder vote at the upcoming AGM, so investors should watch for any governance concerns around these promoter-connected deals. The new subsidiary signals a possible diversification move.