Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Desco Infratech has informed the exchange about an inter-se transfer of 23,82,354 equity shares (31.04% of share capital) among the promoter group by way of a gift. The shares will be transferred from Indiraben Pruthubhai Desai (mother, current promoter group member holding 31.04%) to Pankaj Pruthu Desai (son, the promoter), who currently holds 0% in the company. The transfer is an off-market transaction executed via a gift deed with no consideration, scheduled on or after November 20, 2025. The shares are currently under lock-in as per SEBI (ICDR) Regulations, 2018, and the transferee has agreed to honour the remaining lock-in period. The transfer is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011.
Since this is an internal restructuring within the promoter family (mother gifting shares to her son), the total promoter group shareholding in the company does not change. However, the main promoter Pankaj Pruthu Desai's individual stake jumps from nil to 31.04%, concentrating ownership in the operating promoter. No immediate share price impact is expected as there is no change in promoter group control.