Desco Infratech Limited informed the stock exchange for Regularization of Independent Director and Appointment of Secretarial Auditors in AGM
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Desco Infratech held its 14th Annual General Meeting on September 30, 2025, via video conferencing, for the financial year 2024-25. Shareholders approved the appointment of M/s. M. D. Baid & Associates, Practicing Company Secretaries based in Surat, as the company's Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30. The firm is led by CS Mohan D. Baid, who has 41 years of experience in corporate secretarial and legal advisory, and serves clients across chemicals, pharma, gems & jewellery, financial services, and textiles sectors. Shareholders also approved the regularization of Mr. Yash Mahesh Gurnani (DIN: 09605466) as an Independent Director for five years. Mr. Gurnani is a qualified Company Secretary with a B.Com degree and a Diploma in Cyber Law, with experience in legal compliance, capital markets, and corporate governance. He is not related to any existing directors on the board.
This is a routine governance and compliance update with no material impact on the stock price. It strengthens the company's board with a qualified independent director and brings in an experienced secretarial audit firm, which should improve overall governance standards for retail shareholders.