BSEDesco Infratech LtdMediumNeutral
Announced Wed, 8 Apr · 14:54 IST

Disclosure under Regulation 10(6) of SEBI (SAST) Regulation, 2011 received from Mr. PANKAJ PRUTHU DESAI

Promoter Stake BuyOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+5.6%1-day move
₹151.00
prior close
₹156.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.4+5.6+1.5-0.4-1.5+6.0+52.5+61.6+60.9+41.1+29.8
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AI summary

Pankaj Pruthu Desai, a promoter of Desco Infratech Limited, acquired 23,82,354 equity shares (31.04% of total share capital) from Indiraben Pruthu Desai, another promoter of the company. The acquisition was completed on 07.04.2026 through an off-market inter-se transfer by way of gift. This transaction qualifies for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, as it is a transfer between immediate relatives out of natural love and affection. Prior to this transfer, Pankaj held only 15,000 shares (0.20%), while Indiraben held 23,97,354 shares (31.24%). After the transfer, Pankaj's holding increased to 31.04%, and Indiraben's holding reduced to 0%.

Likely market impact

This represents a significant consolidation of promoter holdings within the same family. While no new capital enters or leaves the company, it changes the distribution of promoter ownership, with Pankaj Pruthu Desai now holding a substantial 31.04% stake.