DESCO INFRATECH LIMITED

Our Company was originally incorporated under the name "Desco Infratech Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 19, 2011, issued by the Registrar of Companies Gujarat. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to "Desco Infratech Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on June 01, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 26, 2024, by Centralised Processing Centre. For further details on Incorporation and registered office of our Company, see "History and Certain Corporate Matters" beginning on page 189 of the Prospectus.

1. We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.

2. If we fail to qualify for, or win new work orders from our clients, our business, financial condition, results of operations, prospects and cash flows could be adversely affected.

3. We are highly dependent on certain key customers for a substantial portion of our revenues. Loss of relationship with any of these customers may have a material adverse effect on our profitability and results of operations.

4. Our revenues from projects are difficult to predict and are subject to seasonal variations.

5. Our Company had negative cash flows in the past years. Sustained negative cash flow could impact our growth and business.

6. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

7. The average cost of acquisition of Equity Shares by our Promoters is as follows:

8. Weighted average cost of acquisition:

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229(1) of the SEBIICDR Regulations and in compliance with Regulation 253 of the SEBIICDR Regulations wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"). Our Company in consultation with the BRLMs allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the ‘Anchor Investor Portion"). Further, not less than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including UP1 ID for RlBs using UPl Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" on page 326 of the Prospectus.

The bidding for Anchor investors opened and closed on Friday. March 21, 2025. The Company received 03 Anchor Investor Application Forms from 03 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for 5,77,000 Equity Shares. Such 03 Anchor Investors through 03 Anchor Investor Application Forms were allocated 5,77,000 Equity Shares at a price of Rs.150/- per Equity Share under the Anchor Investor Portion, aggregating to Rs. 8,65,50,000.00.

The issue (excluding Anchor Investor Portion) received 38,207 applications for 11,49,59,000 Equity Shares (before technical rejections and after invalid bids Multiple/Duplicate) resulting in 78.04 times subscription (including reserved portion of market maker). The Details of the Applications received from various categories (before technical rejection) are as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on March 27.2025

1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price of Rs.150.00 per equity shares, was finalized in consultation with BSE. The category was subscribed by 50.09 times fetor 3,43,61,000 Equity Shares. Total number of shares allotted in this category is 6,86,000 Equity Shares to 686 successful applicants. The category wise details of the Basis of Allotment are as under:

2) Allocation to Non-lnstitutional Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs.150.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 233.28 times i.e., for 6,85,83,000 shares. The total number of shares allotted in this category is 2,94,000 Equity Shares to 250 successful applicants. The category wise details of the Basis of Allotment are as under:

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 150.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 28.76 times i.e.. for 1,11,00,000 shares the total number of shares allotted in this category is 3,86,000 Equity Shares to 15 successful applicants. The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 5,77,000 Equity Shares to 3 Anchor Investors at Anchor Investor Issue Price of Rs. 150.00 per equity shares m accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to Market Maker, who have bid at Issue Price of Rs. 150.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 1.00 time i.e.. for 1,07,000 shares the total number of shares allotted in this category is 1,07,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 27, 2025 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants. The CAN-cum- allotment advices and/or notices will forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before March 28, 2025. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to March 28, 2025. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME within Four working days from the date of the closure of the issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 27, 2025 ("Prospectus") filed with Registrar of Companies, Ahmedabad.

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Bigshare Services Private Limited at www.bigshareontine.co   All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	BIGSHARE SERVICES PRIVATE LIMITED
	Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road,
	Andheri East, Mumbai - 400 093, Maharashtra, India | Tel No.: +91 - 22 - 6263 8200
	E-mail: ipo@bigshareonline.com | Website: www.bigshareonline.com
	Investor Grievance E-mail: investor@bigshareonhne.com
	Contact Person: Mr. Babu Rapheal C | SEBI Registration No.: INR000001385
	For Desco Infratech Limited
	On behalf of the Board of Directors
	Sd/-
	Mr. Pankaj Pruthu Desai
Date: March 28, 2025	Designation: Chairman and Managing Director
Place: Surat	DIN: 03344685

Desco Infratech Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.shcapl.com website of the BSE at www.bseindia.com and website of Issuer Company at www.descoinfra.co in Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 39 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of. "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.