Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shi laj Railway Crossing, Thaltej-Shi laj Road, Thaltej, Ahmedabad-380 OS9. (INDIA)

Phone: +91-94298 99852 I 53

Offices: Gujarat I Maharashtra I Rajasthan / Canada CIN:L30000GJ1997PLC033479

To, The Manager-listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Biock, Bandra Kur/a complex, Bandra East, Mumbai-400 051

Trading Symbol : DEVIl (Series: SM)

Subject: Outcome of the Board Meeting held on Thursday, 301 h May, 2019: Ref.: Regulation 30 of the SEBI (listing Obligation and Disclosure Requirement),2015

Dear Sir/Mam,

With reference to the capti oned subject, we would like to inform you that the Board of Directors of Dev Information Technology Limited (the "Company") in its Meeting held on Thursday, 30th May, 2019 at 4:00P.M . at the registered office of the company situated at 14, Aaryans Corporate Park Nr. Shilaj Railway Crossing, Thaltej Ahmedabad, Gujarat-380059 have, inter alia, discussed and approved following businesses: -

1. The Standalone and Consolidated Audite d Financial Results of the company for the Half year and Year ended on 3P1 M arch, 2019, together with Statutory Auditors report, as per regulation 33 of Securities and Exchange Board of India (Listing obligation and Di sc losure Requirements) Regulation, 2015, were confirmed and approved by the Board of Directors.
~We would like to state that M/s. Chandulal M . Shah & Co., Statutory Auditors of the com pany have issued audit reports w ith unmodified opinion on the Statements .
2. The Board of Directo rs recommended the final Dividend @5% (i.e . Rs . 0.50/- per equity shares) on 55,20,500 equity shares of Rs . 10/- each, for t he year ended 3P1 March, 2019, subject to the approval of shareholders of the company in the ensuing Annu al General Meeti ng.
3. Re-constitution of Audit Committee was approved by t he Board of Directors. Fo llowing will be the new structure of Audit committee:

Name of the Director	Status inCommittee	Nature of Directorshi
Mr Venkata Rama Subba Rao Velamuri	Chairman	Independent Non-ExecutiveDirector
M s. Rama Moondra	M ember	Independent Non-ExecutiveDirect or
Mr. Jaimin Jagdishbhai Shah	Member	Managi ng Director
Mr. Anand Ani/ Patel	Member	Independent Non-ExecutiveDirector

Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad-380 059. (INDIA) Phone: +91-94298 99852 I 53

www.devitpl.com I [email protected]

Offices: Gujarat I Maharashtra I Rajasthan I Canada

4. Constitution of Corporate Social Responsibility Committee pursuant to section 135 of Companies Act, 2013 wa s approved by the board of directors. The following will be the structure of the said committee :

Name of the Director	Status in Committee	Nature of Directorshi~
Mr Pranav Niranjan Pandya	Chairman	Chairman and Whol e-timedirector
Mr. Jaimin Jagdishbhai Shah	M ember	M anaging Director
Mr. Pre rak Pradyumna Shah	M em ber	Whol e-ti me Director
Mr. Venkata Rama Subba RaoVelamuri	M ember	Independent Non-ExecutiveDirector

5. Reviewed and Approved appointment of M/s. Murtuza Mandorwala & Associates (COP No. 14284), Practicing Company Secretary, as a Secreta ria l Auditor of t he company for the financial year 2019-20. (ANNEXURE-I: Brief Profile attached herewith)
6. Reviewed and Approved appointment of M/s . Nisarg J. Shah & Co ., Cha rtered Accountant (FRN : 128310W), as an Internal auditor of the Company for t he financia l year 2019-20 . (ANNEXURE-II : Brief Profile attached herewith).

The board Meeting concluded at 6 ;oo P.M.

Kindly take this information on your records .

Thanking you,

On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED

fjj~~

Company Secretary & Compliance Officer Place: Ahmedabad Date: 301 h May, 2019

Chandulal M. Shah & Co. CHARTERED ACCOUNTANTS

601, "Samruddhi", Opp. Sakar III, Nr. Sattar Taluka Society, Ahmedabad-380 014. Tel.: 91-79-27544430, 27540612 (M) 9033034430 E-mail: [email protected] • Website: cmshah.com

k.,

The Board of Directors of

Dev Information Technology Limited

1. We have audited the accompanying statement of Financial Results (the 'statement') of Dev Information Technology Limited (the 'Company'), for the half year and year ended on March 31, 2019 attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure requirements) Regulations, 2015.
1. These financial results are based on financial statements for the year ended March 31,2019 prepared in accordance with the accounting principles generally accepted in India, including Accounting standards specified under section 133 of the Companies Act, 2013 ('the Act') and SEBI circulars CIR/CFD/CMD/15/2015 dated November 3D, 2015 and SEBI circular No CIR/CFD/FAC/62/2016 dated July 5,2016 which are the responsibility of the company's management and have been approved by the Board of Directors of the Company in its meeting held on May 30, 2019. Our responsibility is to express an opinion on these financial results based on our audit of financial Statements for the year ended March 31, 2019 which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under section 133 of the Act read with relevant rules issued thereunder; as applicable and other accounting principles generally accepted in India.
1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and the

significant estimates made by the Management. We believe that our audit provides a reasonable basis for our opinion.

1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:
- (i) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No CIR/CFD/CMD/15/2015 dated November 30, 2015 and SEBI Circular No CIR/CFD/FAC/ 62/2016 dated July 5,2016; and
- (ii) give a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the half year and year ended March 31, 2019.

For, Chandulal M. Shah & Co. Chartered Accountants FRN. 101698-W

Place: Ahmedabad Date: 30/05/2019

harat zuvadia TERED ACCOUNT Partner

Membership No. 109606

		DEV INFORMATION TECHNOLOGY LIMITED
		( CIN : LJOOOOGJ1gg7PLC03347g )		Regi. Office: 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej, Ahmedabad, Gujarat-380059
E-mail: [email protected]				website: www.devitpl.com
	Standalone Audited Financial Results for the half year and year Ended on 31I03I201g
					(In Rs.)
Particulars		6 months ended		Year ended
	31·03-2019	30-09-2018	31-03-2018	31-03-2019	31-03-2018
(Refer Notes Below)	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1. Revenue from Operations
	42,34,73,773	30,44,30,331	40,07,35,714	72,79,04,103	66,97,13,857
Other Income	3,60,512	48,82.425	16,38,514	52,42.937	35,71,316
Tot al income	42,38,34,285	30,93,12,756	40,23,74,228	73,31,47,041	67,32,85,173
2. Expenses(a} Colt of Goods & Services
	18,49,70,064	11,46,87,887	22,50,64,734	29,96,57,950	37,18,25,173
(b) Changes in inventories of
finished goods, work-in-	1,67,85,800	(81,47,390)	88,95,961	86,38,410	(1,93,34,067)
(c) Employee benefitsexpense	15,02,32, 722	13,36,25,060	9,88,30,249	28,38,57,781	19,04,07,986
(d)Finance Costs	38,65,825	85,73,173	91,01,183	1,24,38,998	1,63,12,229
(e)Depreciation and
amortisation expe nse	67,67,849	92,01,060	1,06,58,632	1,59,68,909	1,74,99,339
(f)Other expenses	2.49.17.420	2.26.44.806	2,52.53,057	4,75,62.226	4, 70,80,616
Total Expenses	38,75,39,680	28,05,84,595	37,78,03,816	66,81,24,275	62,37,91,276
3. Proflt I (Loss) before
exceptional, extraordinaryItems and tax
	3,62,94,605	2,87,28,160	2,45,70,412	6,50,22,766	4,94,93,897
4. Exceptional items
5. Profit I (Loss) before
extraordinary items and tax
6. Extraordinary items	3,62,94,605	2,87,28,160	2,45,70,412	6,50,22,766	4,94,93,897
?.Profit I (loss) before Tax
	3,62,94,605	2,87,28,160	2,45,70,412	6,50,22, 766	·4,94,93,897
8. TaK eKpense
Current Tax	1,45,00,000	60,00,000	92,50,000	2,05,00,000	1, 71,00,000
De fe rred Tax	(11.94.462)	21,23,988	(22,42,281)	9,29,526	(13,67,951)
Excess Provision ofTax of Earlier Years			(7,29,929)		7,29,929
Total Tax Expenses	1,33,05,538	81,23,988	62,77,790	2,14,29,526	1,50,02,120
9. Net Profit/ (Loss) for the
period from continuing
operations	2,29,89,067	2,06,04,172	1,82,92,622	4,35,93,240	3,44,91,777
10 Profit (Loss) fromdiscontinuing ope rations
before tax
1l.Tax Expense of
Discontinuing Operations
12.Net profit (Loss) fromdls,ontlnulns operiltlons
after tax	-
13.Net profit (Loss) for the
period (9+12)	2,29,89,067	2,06,04,172	1,82,92,622	4,35,93,240	3,44,91, 777
14.Detalls of equity share
capital
Paid-up shareca pit a i(Weighted
Average)IFace Va lue
Rs. lOper	55,20,500	55,20.500	54,75,656	55,20,500	54,75,656
15. Earning per Equity Share
Basic earning (loss) per
share from continuing and
discontinued operations
	4.16	3.73	3.34	7.90	6.30
Diluted earnings (loss) per
share from continuing and
discontinued operations	4.16	3.73	3.34	7.90	6.30
For DEV INFORMATION TECHNOLOGY LIMITED8rc'o/;-~\1A'BAD61)·:i}Date: 30.05.2019Jalmln J ShahHarshll H. Shah"'Managing DirectorChief Financil officer
Place: Ahmedabad			~*

DEV INFORMATION TECHNOLOGY LIMITED ( CIN: L30000GJ1997PLC033479)

E-mail: [email protected] website: www.devitpl.com

(in Rs.)

Audited Standalone Statement of Assets And liabilities for the Year Ended On 31/03/2019
Standalone Statement of Assets and Liabilities	As at	As at
Particulars	31.03.2019	31.03.2018
Equity and Liabilities
Shareholders' Fund
Share Capital	5,52,05,000	5,52,05,000
Reserves and Surplus	23,96, 75,590	19,93, 72,300
Non Current liabilities
Long Term Borrowings	2,41,89,967	1,18,74,643
Deffered Tax Liabilities/(Assets)	20,97,682	11,68,156
Other Long Term Liabilities	28,18,800	12,18,572
Long Term Provisions	-	19,36,968
Current Liabilities
Short Term Borrowings	6,65,56,588	7,08,35, 793
Trade Payables
-total outstanding dues of micro enterprises and small enterprises	1,53,865	-
-total outstanding dues of creditors other than micro enterprises and small
enterprises	11,76,99,724	16,88,50,854
other Current Liabilities	1,63,35,454	1,86,27,500
Short Term Provisions	26,60,922	38,86,658
TOTAL EQUITY AND LIABILITIES	52,73,93,592	53,29,76,444
ASSETSNon-Current Assets
Propert Plant and Equipment
Tangible assets	8, 73, 76,795	5,44,46,209
Intangible assets.	2,33,53,549	3,14,46,638
Non-current investments	29,71,694	28,29,978
Long-term loans and advances	1,82,57,460	62,85,549
Current assets
Inventories	5,68, 75,957	6,55,14,367
Trade receivables	21,42,27,810	27,39,96,991
Cash and cash equivalents	6,13,83, 758	5,98,41,938
Short-term loans and advances	2,95,39,918	1, 72,95, 788
Other Current Assets	3,34,06,652	2,13,18,987
TOTAL ASSETS	52,73,93,592	53,29,76,444

Date: Place: 30.05.2019

For DEV INFORMATION TECHNOLOGY LIMITED

J. Shah -1~Q ~V Managing Director Chief Financil Officer

Harshil H. Shah

The above audited Financial Results were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their respective meetings held on 30th May, 2019.
The statutory auditors of the company have carried out audit of the financial statement s for the year ended 31st March,2019 as per Regulation 33 of Securities and Exchange Board of India {Listing obligation and Disclosure Requirements) Regulation, 2015.
As per dynamics of Government functioning, its majority of annual budgetary allocations spending are carried out during last quarter of financial year, which results into higher revenue being realised in the second half of the financial year for the company.
The financial results have been prepared in accordance with the Generally Accepted Accounting Principles In India {Indian GAAP)as IND AS is not currently applicable to the Company.
Effective from July 01, 2017, revenue from operations is presented net of taxes and duties upon implementation of the Goods and Services Tax Act. Hence, the total income and total expenses for the quarter/year ended on March 31, 2019 are not comparable with previous periods
The company is primarily engaged in "IT & IT enable Servies" business. The requirement of AS-17- "Segment Reporting", is not applicable to the company as it is engaged in single business segment and no break up of revenue is available.
The previous year figures have been regrouped/rearranged wherever necessary to make them comparable with the current period figures. The figures of second half of the year are the balancing figures between audited figures in respect of the full financial year and the published year to-date figures upto the first half year ended on 30/09/2018 of the current financial year.
The Board of Directors have recommended a Dividend of Rs. 0.50/- per equity share of Rs.10/- each on paid up equity share capital of the company for the year 2018- 19. The final dividend is subject to the approval by the shareholders in ensuing general meeting.

For DEV INFORMATION TECHNOLOGY LIMITED

Date: 30.0S.2019 Place: Ahmedabad

Jaimin J Shah Managing Director

{DIN: -00021880)

Harshil H. Shah Chief Financil officer

Chandulal M. Shah & Co. CHARTERED ACCOUNTANTS

601, "Samruddhi", Opp. Sakar III, Nr. Sattar Taluka Society, Ahmedabad-380 014 Tel.: 91-79-27544430, 27540612 (M) 9033034430 E-mail: [email protected] • Website: cmshah.com

To The Board of Directors of Dev Information Technology Limited Ahmedabad

1. We have audited the accompanying Statement of Audited Consolidated Financial Results of Dev Information Technology Limited (the "Parent") and its subsidiaries (the "Parent" and its subsidiaries referred together as the group") for the Year ended 31st March, 2019 ("the Statement"), attached herewith, being submitted by Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/F AC/62/2016 dated 5th July 2016.
1. This Statement, which is the responsibility of the Parent's Management and approved by the Board of Directors, has been compiled from related Consolidated financial statements which are in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Accounting Standards) Rule 2006 as amended and other recognized accounting practices and policies. Our responsibility is to express a conclusion on the statement based on our review.
1. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India under section 143(10) of the Act. Those Standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from marcrial misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the statement. The procedure selected depends on the auditor's judgement, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the management as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion

1. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the financials provided by management on separate financial statements and the other financial information of Subsidiary referred to in paragraph below, the Statement includes the results of following entities:
- a. Dev Info-Tech N.A. Limited- Subsidiary Company
- b. Dev Accelerator LLP- Subsidiary body corporate
- a. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No.CIR/CFD/FAC/62/2016 dated 5th July 2016; and
- b. gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the Consolidated net profit and other financial information of the Group for the year ended 31st March, 2019:
- 1. We did not audit the financial statement of above subsidiaries Company and body corporate which is included in the consolidated year to date financial results, since subsidiary company is Canadian company does not come under the preview Auditing and another subsidiary body corporate whose financial statement have been audited by other auditors whose report have been furnished to us by the management. Total Assets of both subsidiaries are of Rs. 1077.41 Lacs as at year ended on 31% March, 2019 as well as Total Revenue are of Rs. 2419,68 Lacs. Our opinion on consolidated financial results in so far as it relates to amounts and disclosure included in respect of this subsidiaries, is based solely on the reports of the other auditors and the procedure performed by us as stated in paragraph 3 above.

Our Opinion on the statement is not modified in respect of above matters with respect to reliance on the work done and the reports of the other auditors.

Place: Ahmedabad Date: 30/05/2019 For, Chandulal M Shah & Co. Chartered Accountants FRN. 101698

Bhara adia Parmer Membership No. F 109606

DEV INFORMATION TECHNOLOGY LIMITED ( CIN : L30000GJ1997PLC033479 )

E-mail: [email protected]	Website: www.devitpl.com
Consolidated Audited Financial Results for the year Ended on 31.03.2019
		(In Rs.)
Particulars	Year ended
	31-03-2019	31-03-2018

(Refer Notes Below)	(Audited)	(Audited)
1. Revenue from Operations	77,62,59,287	69,58,65,388
Other income	55,66,570	35,71,316
Total Revenue	78,18,25,857	69,94,36,704
2. Expenses
(a) Cost of Goods & Services	31,57,16,925	38, 73,77,530
(b) Changes in inventories of finished goods, work-in-progress and stock-in-	86,38,410	(1,93,34,067)
(c) Employee benefits expense	28,41,00,207	19,05,11,198
(d)Finance Costs	1,53,85,916	1,68,69,690
(e)Depreciation and Ammortisation expense	1, 78,67,612	1,74,99,417
(f) Other expenses	7,24,68,484	5,14,92,940
Total Expenses	71,41,77,554	64,44,16,708
3. Profit I (Loss) before exceptional, extraordinary items and tax	6,76,48,303	5,50,19,996
4. Exceptional Items	-	-
5. Profit I (Loss) before extraordinary items and tax	6,76,48,303	5,50,19,996
6. Extraordinary items	-	-
7.Profit I (Loss) before Tax	6,76,48,303	5,50,19,996
8. Tax expense
Current Tax	2,25,50,000	1,74,87,256
Deferred Tax	12,88,274	(13,67,433)
Excess Provision of Tax of Earlier Years	4,807	7,29,929
Total Tax Expenses	2,38,43,081	1,53,89,894
Net Profit/ (Loss) for the period from continuing operations9.	4,38,05,222	3,96,30,102
10 Profit (Loss) from discontinuing operations before tax	-	-
ll.Tax Expense of Discontinuing Operations	-	-
12.Net profit (Loss) from discontinuing operations after tax	-	-
· 13.Net profit (Loss) for the period (9+12) before adjustment for consolidation	4,38,05,222	3,96,30,102
14.Adjustment for Consolidation
Minority Share in Post Acquisition Profiti(Loss) for the period	94,861	13,53,684
15.Net Profit {Loss) for the period {13-14)	4,37,10,361	3,82,76,418
16.Details of equity share capital
Paid-up share capitai(Weighted Average)/Face Value Rs.lOper	55,20,500	54,75,656
17. Earning per Equity Share
Basic earning (loss) per share from continuing and discontinued operations	7.92	6.99
& -Diluted earnings (loss) per share from continuing and discontinued operations	7.92	6.99

Date: 30.05.2019

I.;

oN T~e, ~ . s A'B D ~~l 0 ~~ ~ ~Jl :_. ~ Jaimin J Shah Harshil H. Shah

·· )

~ (DIN: -00021880)

Place: Ahmedabad -10 * (J Managing Director Chief Financil Officer

DEV INFORMATION TECHNOLOGY LIMITED ( CIN : L30000GJ1997PLC033479)

Regi. Office: 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej, Ahmedabad, Gujarat-380059 E-mail: [email protected] website: www.devitpl.com

(in Rs.)

Audited Consolidated Statement of Assets And Liabilities for the Year Ended On 31.03.2019

Standalone Statement of Assets and Liabilities	As at	As at
Particulars	31.03.2019	31.03.2018
Equity and Liabilities
Shareholders' Fund
Share Capital	5,52,05,000	5,52,05,000
Reserves and Surplus	24,37,57,119	20,43,15,275
Minority Interest	17,65,031	19,72,321
Non Current liabilities
Long Term Borrowings	3,88,79,403	1, 18,7 4,643
Deffered Tax Liabilities/(Assets)	24,56,948	11,68,674
Other Long Term Liabilities	28,18,800	13,68,572
Long Term Provisions	-	19,36,968
Current Liabilities
Short Term Borrowings	6,65,5(i,588	7,27,27,715
Trade Payables
-total outstanding dues of micro enterprises and small enterprises	1,53,865	-
- total outstanding dues of creditors other than micro enterprises and small enterpri	11,61,08,683	16,87,48,944
other Current Liabilities	3,14,67,008	1,88,65,968
Short Term Provisions	28,76,434	40,26,709
TOTAL EQUITY AND LIABILITIES	56,20,44,879	54,22,10,789
ASSETS
Non-Current Assets
Property Plant and Equipment
Tangible assets	11,58,84,473	5,44,55,131
Intangible assets	2,33,53,549	3,14,46,638
Intangible asset under Development	1,21,833	-
Goodwill on Consolidation	35,876	47,716
Non-current investments	23,27,975	22,82,750
Long-term loans and advances	1,48,77,681	69,49,105
Other Non-Current Asset	25,57,908	12,250
Current assets
Inventories	5,68,75,957	6,55,14,367
Trade receivables	19,61,61,603	26,32,04,678
Cash and cash equivalents	7,77,43,411	7,32,10,136
Short-term loans and advances	3,44,18,147	2,37,69,030
Other Current Asset	3, 76,86,467	2,13,18,987
TOTAL ASSETS	56,20,44,879	54,22,10,789

1l >-?:- ~\J

(DIN: -00021880)

Managing Director Chief Financil Officer

Notes:

The above audited Financial Results were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their respective meetings held on 30th May, 2019.
The statutory auditors of the company have carried out audit of the financial statements for the year ended 31st March,2019 as per Regulation 33 of Securities and Exc hange Board of India (Listing obligation and Disclosure Requirements) Regulation, 2015.
The financial results have been prepared in accordance with th e Generally Accepted Accounting Principles In India (Indian GAAP)as INO AS is not currently applicable to the Comp;my.
As per dynamics of Government functioning, its majority of annual budgetary allocations spen ding are carried out during last quarter of financial year, which results into higher revenue being realised in the second half of the financial year for the company.
Effective from July 01, 2017, revenue from operations is presented net of ta xes and duti es upon implementation of the Good s and Services Tax Act. Hence, th e total income and total expenses for the quarter/year ended on March 31, 2019 are not comparable with previous periods
The company is primarily engaged in "IT & IT enable Servies" business . The requirement of AS-17- "Segment Reporting", is not applicable to the company as it is engaged in single business segment and no break up of revenue is available.
The previous year figures have been regrouped/rearranged wherever necessary to make them comparable with the current period figures ..

For DEV INFORMATION TECHNOLOGY LIMITED

Date: 30.05.2019 Place: Ahmedabad

Jaimin J Shah Managing Director (DIN: -00021880)

Harshil H. Shah Chief Financil Officer

Dev Information Technology Limited

Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad-380 059. (INDIA) Phone: +91-94298 99852 I 53

www.devitpl.com I [email protected]

Offices: Gujarat I Maharashtra I Rajasthan I Canada CIN: L30000GJ1997PLC033479

To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Biock, Sandra Kurla complex, Sandra East, Mumbai-400 051

Ref: DEV INFORMATION TECHNOLOGY LIMITED (DEVIT) (Series: SM)

Sub: Declaration with respect to Audit Reports with unmodified opinion:

Dear Sir/Mam,

With respect to the stated subject and pursuant to Notification No. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016 and circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016 issued by the Securities Exchange Board of India (SEBI), we hereby declare that the Audit Report issued by M/s. Chandulal M. Shah & Co., Chartered Accountants, Statutory Auditors on the Annual Audited Financial Statements of the Company for the financial year ended on 3Pt March, 2019 is with unmodified opinion.

We request you to take above information on record.

Thanking you,

Yours Faithfully,

DEV INFORMATION TECHNOLOGY LIMITED,

JAIMIN JAGDISHBHAI SHAH Managing Director (DIN: 00021880) Date: 30th May, 2019.

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NAME	M/S Murtuza Mandorwala & Associates
Date of Appointment	30th May, 2019
Term of Appointment	F.Y. 2019‐20 (1 year)
Address	411, Devpath Complex, Near Lal Bunglow
	B/H Super Mall, C.G Road
	Ahmedabad‐380009
Contact	09409020523
Qualification	Member of Institute of Company Secretaries of India
	Bachelor in Commerce from Gujarat University
	Masters in Commerce from Indira Gandhi National
	University
	Bachelor of Law from Gujarat University
	DLP: Diploma in Labour Practice from Gujarat University
Area of Practice	Corporate & LLP Laws, SME Advisory, Compliance, Due Diligence,
	FDI & FEMA advisory, NBFC Laws, Capital Markets & Securities
	LawsAdvisory,Taxation,Audit&Certifications,Legal
	Compliances,CorporateGovernance,CorporateSocial
	Responsibility and allied services.
Service Provided	Corporate & LLP Laws, SME Advisory, Compliance, Due Diligence,
	FDI & FEMA advisory, NBFC Laws, Capital Markets & Securities
	LawsAdvisory,Taxation,Audit&Certifications,Legal
	Compliances,CorporateGovernance,CorporateSocial
	Responsibility and allied services.

Annexure I:

Annexure II:

NAME	M/S Nisarg J. Shah & Co.
Date of Appointment	30th May, 2019
Term of Appointment	F.Y. 2019‐20 (1 year)
Address	3SF Ratnam Complex, C.G. Road, Ahmedabad‐38006
Contact	98253600573,9099924754
Qualification	Mr. Nisarg J. Shah
	Fellow Chartered Accountant
	Diploma in Information System Audit from ICAI
	Masters Degree in Commerce
Area of Practice	Internal Audit, Statutory Audit, Special Audit, Accounting, TDS
	Work, Income Tax Matters, GST, Investment & Tax Planning,
	Project work and Loan Proposal, Management Consultancy,
	Certification Work, Advisory Services, System Audit.
Service Provided	Internal Audit, Statutory Audit, Special Audit, Accounting, TDS
	Work, Income Tax Matters, GST, Investment & Tax Planning,
	Project work and Loan Proposal, Management Consultancy,
	Certification Work, Advisory Services, System Audit.

AI assistant

DEV INFORMATION TECHNOLOGY LIMITED Audit Report / Information 2019

59295_rns_2019-05-30_d23f4ffd-02ca-44af-8dd7-4f00b68c2534.pdf

Subject: Outcome of the Board Meeting held on Thursday, 301 h May, 2019: Ref.: Regulation 30 of the SEBI (listing Obligation and Disclosure Requirement),2015

Chandulal M. Shah & Co. CHARTERED ACCOUNTANTS

Dev Information Technology Limited

DEV INFORMATION TECHNOLOGY LIMITED ( CIN: L30000GJ1997PLC033479)

Chandulal M. Shah & Co. CHARTERED ACCOUNTANTS

To The Board of Directors of Dev Information Technology Limited Ahmedabad