Announced Wed, 9 Sept · 15:49 IST

Revised board meeting outcome corrects typo in Section 185 loan limit

Board & Shareholder Meetings View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Desco Infratech has filed a revised outcome of its board meeting held on 5 September 2026 to correct a typographical error in Point No. 10. The Section 185 loan and guarantee limit was stated as Rs 50 Crores instead of the actually approved Rs 30 Crores. Other items approved include increasing borrowing powers from Rs 50 Cr to Rs 150 Cr, raising disposal limits from Rs 50 Cr to Rs 150 Cr, raising Section 186 investment limits from Rs 50 Cr to Rs 60 Cr, related party transactions of up to Rs 30 Cr each with Desco Bio Green and Shri Green Agro Energies, re-appointment of Managing Director Pankaj Desai, regularization of Shailesh Naik as Independent Director, and remuneration revisions for directors. AGM is scheduled for 30 September 2026.

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Correction only affects disclosure wording, not the actual board decision. Shareholders will vote on the increased borrowing, investment limits and related party deals at the AGM on 30 September 2026.