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Desco Infratech secures board approval for Rs 150 crore borrowing power increase
05-Sep-2026, 04:35
Desco Infratech Limited approved a Rs 150 crore increase to its borrowing powers and a Rs 150 crore increase to the authority for selling or disposing of its undertakings at a board meeting held on September 5, 2026, both subject to shareholder approval. The company also approved related party transactions with Desco Bio Green Private Limited and Shri Green Agro Energies Private Limited, for services up to an aggregate value not exceeding Rs 30 crore per financial year, and recommended the re-appointment of Pankaj Pruthu Desai as Managing Director.