StockWatch
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Civil Construction
Management Change1 Jul 2026, 11:58 am

Desco Infratech Appoints New Director, Reconstitutes Board Committees

AI Summary

Desco Infratech Ltd announced changes in its board composition following a meeting held on July 1, 2026. Mr. Yash Gurnani resigned as Non-Executive Independent Director due to personal and professional commitments, effective July 1, 2026. Concurrently, Mr. Shailesh K. Naik was appointed as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval. Following these changes, the Board also reconstituted its Nomination and Remuneration Committee and the Stakeholders' Relationship Committee.

Key Highlights

  • Mr. Shailesh Naik appointed as Additional Non-Executive Independent Director.
  • Mr. Yash Gurnani resigns as Independent Director due to personal commitments.
  • Board committees reconstituted following director changes.
  • Appointment is for a five-year term, subject to shareholder approval.