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Awaiting price reaction for this filing.
Desco Infratech Ltd has issued a Postal Ballot Notice (dated January 17, 2026) seeking shareholder approval for one Special Resolution to alter the Main Object Clause of its Memorandum of Association by adding six new sub-clauses (9 to 14). The new objects cover entry into biogas, biomethane and compressed biogas (CBG) / renewable energy, bio-slurry and by-products, manpower supply and staffing services, vehicle rental/hiring, and machinery and equipment rental/hiring — areas outside the company's current infrastructure and EPC focus. The e-voting window runs from January 21, 2026 (9:00 a.m.) to February 19, 2026 (5:00 p.m.), with the cut-off date for eligibility set as January 9, 2026, and results to be declared on or before February 21, 2026. The Board approved the proposal at its meeting held on January 15, 2026, and recommends the Special Resolution for shareholder approval.
If approved, this signals a significant strategic diversification for Desco Infratech from pure infrastructure/EPC into renewable energy (biogas/CBG), manpower services, and asset rental businesses, opening new growth avenues but also introducing execution and sector-shift risks for shareholders to watch.