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