Please find enclosed herewith the Scrutinizer''s Report
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Awaiting price reaction for this filing.
Desco Infratech Ltd conducted a Postal Ballot through remote e-voting from November 19, 2025 to December 18, 2025 to seek shareholder approval for changing the stated purpose (objects) for which funds were raised through its IPO. A total of 955 shareholders were on record as of November 14, 2025, and 61.78% of outstanding shares (4,742,028 shares) were voted. The Special Resolution was passed with overwhelming support: 99.85% of votes polled were in favor (4,734,942 shares) while only 0.15% were against (7,086 shares). Promoter group voted 100% in favor, public institutions voted 100% in favor, and public non-institutions voted 97.38% in favor. The Scrutinizer, CS Mohan D Baid of M D Baid & Associates, confirmed the resolution was duly passed.
Shareholders have approved the company to change the originally stated purpose of its IPO funds, giving the management flexibility to redeploy proceeds to different uses. While the resolution received near-unanimous support, retail investors should review the new objects to ensure fund deployment aligns with their investment thesis, as this could signal a change in the original growth plan.