STOCKWATCH
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Civil Construction
Regulatory11 Apr 2026, 12:00 pm

Desco Infratech announces change in Market Maker

AI Summary

Desco Infratech Ltd. has informed about a change in its market maker. Rikhav Securities Limited resigned from the role effective April 15, 2026. Subsequently, South Gujarat Shares and Sharebrokers Limited has been appointed as the new market maker for the company, also effective April 15, 2026. This action is taken to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable SME Segment/Market Making Guidelines issued by BSE Limited. The company has also notified its merchant banker, Smart Horizon Capital Advisors Private Limited, who has no objection to this change.

Key Highlights

  • Rikhav Securities Limited resigned as market maker.
  • South Gujarat Shares and Sharebrokers Limited appointed.
  • Change is effective from April 15, 2026.
  • Ensures compliance with SEBI (LODR) Regulations.
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