Corporate News

09-Sep-2026, 04:59

Desco Infratech Limited clarified that the board approved Rs 30 crore for loans, guarantees, or securities, correcting a typographical error in a previous disclosure that stated Rs 50 crore. The company also approved several other items at a board meeting on September 5, 2026, including the director’s report, appointment of a scrutinizer for the annual general meeting, and a proposal to increase borrowing powers from Rs 50 crore to Rs 150 crore, subject to shareholder approval. Additionally, the board approved related-party transactions with Desco Bio Green Private Limited and Shri Green Agro Energies Private Limited, both valued up to Rs 30 crore per financial year.