StockWatch
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Civil Construction
AGM/EGM7 Oct 2026, 07:20 pm

Desco Infratech Regularizes Independent Director Shailesh Naik

AI Summary

Desco Infratech Ltd has regularized the appointment of Mr. Shailesh Kalidas Naik as a Non-Executive Independent Director. This follows an adjournment of the 15th Annual General Meeting due to a lack of quorum. The members approved Mr. Naik's regularization for a first term of 5 years, effective July 1, 2026. Mr. Naik brings extensive experience in urban infrastructure, utility management, and municipal administration, with over a decade in the energy and public utility sector. He is not related to any existing directors or Key Managerial Personnel.

Key Highlights

  • Independent Director Shailesh Naik's appointment regularized.
  • Term of appointment is for 5 years starting July 1, 2026.
  • Director has experience in infrastructure and utility management.
  • Director is not related to any company officials.