The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Desai
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Pankaj Pruthu Desai, a promoter of Desco Infratech Ltd, acquired 23,82,354 equity shares (31.04% voting rights) from Indiraben Pruthubhai Desai through an inter-se transfer by way of gift. The transfer was completed on 07.04.2026. Pankaj Desai's holding increased from 15,000 shares (0.20%) to 23,97,354 shares (31.24%). Indiraben Desai's holding reduced from 31.04% to 0%. The transaction qualifies for exemption under Regulation 10(1)(a)(i) as it involves immediate relatives, and prior disclosure under Regulation 10(5) was made on 14.11.2025.
This is a promoter family redistribution of shares with no change in total promoter holding. Pankaj Desai now holds 31.24% voting rights, remaining below the 50% threshold. No open offer obligation was triggered due to the exemption for inter-se relative transfers.