Earnings Call Transcript - Conference Call held on 05-Nov-2026

9th November 2026 The Manager- Listing Department, BSE Limited P.J. Towers, Dalal Street, Fort, Mumbai- 400001, Maharashtra, India. Scrip ID/Code: DESCO/544387 Sub: Announcement under Reg 30 of SEBI LODR - Transcript of Investors/Analysts Earnings Conference Call held on November 5, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the copy of transcript of the Investors’ Earning Call held on November 5, 2026, with respect to the Unaudited Standalone and Consolidated Financial Results for half year ended 30th September 2026. The said transcript of the aforesaid earnings call with Investors/Analysts is also available on the Company’s website: https://descoinfra.co.in/financials.html. Kindly take the afore-mentioned submission on your records. Thank You! Yours faithfully, For, DESCO INFRATECH LIMITED CS Tripti Gaggar Company Secretary & Compliance Officer M. No.: A79044 “Desco Infratech Limited H1 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. MALHAR PANKAJ DESAI – WHOLE-TIME DIRECTOR AND PROMOTER– DESCO INFRATECH LIMITED MR. SAMARTH DESAI – EXECUTIVE DIRECTOR AND PROMOTER – DESCO INFRATECH LIMITED MR. PANKAJ DESAI – CHAIRMAN AND MANAGING DIRECTOR – DESCO INFRATECH LIMITED MR. RUSHABH MASHKARIA – CFO – DESCO INFRATECH LIMITED CS TRIPTI GAGGAR – COMPANY SECRETARY & COMPLIANCE OFFICER – DESCO INFRATECH LIMITED Page 1 of 15 Desco Infratech Limited November 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Desco Infratech Limited Earnings Call for Unaudited Financial Results of Half Year. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Malhar Pankaj Desai. Thank you, and over to you, sir. Malhar Pankaj Desai: Hi, thank you so much. Jai Shree Krishna first of all and very good afternoon to everyone. I extend a warm welcome to all of our shareholders, investors, analysts and participants joining us for Desco Infratech Limited H1 Financial Year '27 Earnings Call. First and foremost, I would like to thank each one of you for your continued trust and confidence in your company. As a promoter and management, we understand that the trust of our shareholders comes with a significant responsibility and we remain committed to honoring that responsibility through transparent communication, disciplined execution and sustainable business growth. At Desco, we are focused on building an organization that creates long-term value rather than pursuing growth merely for short-term numbers. Our priorities remain clear strengthening our core business, expanding our execution capabilities, diversifying into complementary infrastructure sectors and equally important, improving working capital efficiency and cash flow generation. We also understand that investors look beyond revenue growth and order book numbers. The quality of earnings, timely cash flow conversion, execution capabilities and the strength of the balance sheet are equally important indicators of a company's long-term sustainability. These areas we remain conscious of and continue to work towards improving. As we move forward, our vision is to build Desco into a more diversified, financially disciplined. And professionally managed infrastructure organization with multiple growth opportunities and reduced dependency on any single sector. During today's call, we will share an honest assessment of our financial performance, operational progress, challenges and the opportunities we see ahead. We value our shareholders as our long-term partners in this journey. We believe that confidence is built not merely through words, but through consistent performance and delivery over time. During the first half of the current financial year, we have continued to focus on strengthening our execution capabilities, expanding our business presence, maintaining financial discipline. And diversifying into promising infrastructure and energy-related opportunities. As you are aware, Desco Infratech Limited has been steadily expanding beyond its traditional city gas Page 2 of 15 Desco Infratech Limited November 05, 2026 distribution infrastructure business into power transmission distribution, solar EPC and emerging clean energy segments. Our approach remains clear. We want to grow with discipline, execute projects efficiently, protect margins and create sustainable long-term value for our shareholders. The infrastructure and energy sectors continue to present significant opportunities. We believe that our experience in underground pipeline infrastructure, project execution and utility services gives us a strong foundation to participate in this growth. During the previous financial year, we also took important strategic steps towards diversification through our presence in compressed biogas and the incorporation of Desco Global FZ-LLC in UAE. This initiative reflects our ambition to build a more diversified and a future-ready organization. Our focus during H1 Financial year 27 has been on strengthening the foundation for the next phase of growth, while remaining mindful of project execution, working capital requirements and overall financial health. Before I take you through our H1 Financial year 27 performance and our roadmap for the future, I would request our Executive Director, Mr. Samarth Desai to share his perspective on the company's business performance, strategic priorities and growth opportunities. Thank you and Jai Shree Krishna. Samarth, it's over to you. Samarth Desai: Thank you so much, Malhar bhai. Very good afternoon, everyone and thank you for joining today's Earnings call of your company, Desco Infratech Limited. Our journey continues to be guided by three important priorities that is robust execution, diversification and sustainable growth in line with the nation's interest. Over the past few years, we have strengthened our capabilities in city gas distribution infrastructure and expanded into power distribution and solar EPC projects. These businesses complement one another and provide us with opportunities to participate and contribute in India's growing infrastructure and energy requirements. Our core city gas distribution business continues to be an important pillar of the company. We remain focused on executing pipeline infrastructure projects, providing operation and maintenance services and strengthening relationships with our existing clients. At the same time our presence in power distribution and solar EPC allows us to broaden our project portfolio and participate in other essential infrastructure segments. We believe that diversification is important, but it must be supported with execution capabilities, sound project selection and financial discipline. We are, therefore, conscious about the quality of the orders we accept and the returns that these projects can generate. Another important area of focus is our clean energy initiatives. Through our investments and subsidiaries in the compressed biogas segment, we are working towards building capabilities beyond infrastructure execution and entering opportunities connected with the production of clean energy. We see this as a long-term strategic opportunity. Page 3 of 15 Desco Infratech Limited November 05, 2026 However, our priority remains to develop these businesses in a phased manner, with careful evaluation of capital requirements, operational readiness and commercial viability. Our international presence through Desco Global FZ-LLC also provides a platform to explore suitable infrastructure and energy-related opportunities in the Middle East. We will approach these markets prudently, keepi [Showing first 8,000 characters — download PDF for full document]