Disclosure under Regulation 7(2) of SEBI (PIT) Regulation, 2015 as received from Mrs. INDIRABEN PRUTHU DESAI & Mr. PANKAJ PRUTHU DESAI
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Desco Infratech has received disclosure from promoters Mrs. Indiraben Pruthubhai Desai and Mr. Pankaj Pruthubhai Desai regarding an off-market inter-se transfer of equity shares by way of gift. Mr. Pankaj Desai (Chairman & Managing Director) transferred 23,82,354 shares (31.04% stake) to Mrs. Indiraben Desai. Post-transfer, Mr. Pankaj Desai now holds only 15,000 shares (0.20%), while Mrs. Indiraben Desai holds 23,82,354 shares (31.04%). The share debit occurred on 26.03.2026 and credit was received on 07.04.2026 due to procedural delay. The transaction qualifies for exemption under Regulation 10(1)(a)(i) as it is a gift between immediate relatives.
This is an internal promoter restructuring with no cash consideration involved. The total promoter holding remains largely unchanged, just redistributed between immediate family members. No direct impact on market price or minority shareholders expected.