BSE has notified trading members that Rikhav Securities Limited (Clg. No. 3174) will no longer serve as the Market Maker for Desco Infratech Ltd (Scrip Code: 544387). South Gujarat Shares and Sharebrokers Limited (Clg. No. 3248) has entered into a new market-making agreement with the company and will assume all associated duties and obligations effective April 15, 2026.

Key Points

• Rikhav Securities Limited (Clg. No. 3174) ceases to be the Market Maker for Desco Infratech Ltd (Scrip Code: 544387)
• South Gujarat Shares and Sharebrokers Limited (Clg. No. 3248) is the newly appointed Market Maker
• The new market-making arrangement is governed by a formal agreement between the company and South Gujarat Shares and Sharebrokers Limited
• The transition is effective April 15, 2026

Regulatory Changes

No regulatory changes. This is an administrative update reflecting a contractual change in the market-making arrangement for Desco Infratech Ltd under BSE’s SME market-making framework.

Compliance Requirements

• South Gujarat Shares and Sharebrokers Limited (Clg. No. 3248) must comply with all duties and obligations of Market Making as prescribed by BSE from April 15, 2026
• Trading members should update their records to reflect the new market maker for Scrip Code 544387

Important Dates

• Notice Date: April 13, 2026
• Effective Date: April 15, 2026 — South Gujarat Shares and Sharebrokers Limited assumes market-making responsibilities

Impact Assessment

Minimal market impact. The change is a routine substitution of one market maker for another and does not affect the trading status or listing of Desco Infratech Ltd. Continuity of liquidity provision is expected as the new market maker assumes obligations under a formal agreement. Traders in this scrip should be aware of the new designated market maker from April 15, 2026.