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 / 53
www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada
CIN: L30000GJ1997PLC033479

DEV IT Simplified

Date: May 28, 2026

| To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla complex, Bandra East, Mumbai-400 051
Trading Symbol: DEVIT | To, The Secretary, BSE Limited Phiroze Jejeebhoy Towers, Dalal Street Mumbai -400001
Trading Symbol: 543462 |
| --- | --- |

Subject: Outcome of the Board Meeting held on Thursday, 28th May, 2026:
Ref.: Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement), 2015

Dear Sir/Mam,

With reference to the above caption, we wish to inform you that at its meeting held on Thursday, May 28, 2026, the Board of Directors of Dev Information Technology Limited (the "Company") considered and approved, inter alia, the following matters:

The Standalone and Consolidated Audited Financial Results of the company for the Quarter and Year ended on 31st March, 2026, together with Statutory Auditors report, as per regulation 33 of Securities and Exchange Board of India (Listing obligation and Disclosure Requirements) Regulation, 2015, were confirmed and approved by the Board of Directors.
> We would like to state that M/s. Rinkesh Shah & Co., Statutory Auditors of the company have issued audit reports with unmodified opinion on the Statements. Declaration with respect to Audit Reports with unmodified opinion is enclosed herewith as per Annexure-I.
> Further Standalone and Consolidated Audited Financial Results of the company for the aforementioned period shall be available on the website of the stock exchange at https://www.nseindia.com/ and on company's website https://www.devitpl.com/.
The Board of Directors recommended the final Dividend @5% (i.e. Rs. 0.10/- per equity shares) 5,63,63,714 equity shares of Rs. 2/- each fully paid up, for the year ended 31st March, 2026, subject to the approval of shareholders of the company in the ensuing Annual General Meeting.
Reviewed and Approved re-appointment of M/s. Manav Sheth and Company, Chartered Accountant (FRN: 161080W), as an Internal auditor of the Company for the financial year 2026-27. (Annexure-II: Brief Profile attached herewith).

Cloud Services
Managed IT Services
Digital Transformation
Enterprise Applications
Business Applications
Mobile Applications

Reviewed and approved the sale of Investment/ divestment of 25% of its equity investment of M/s. Dhyeey Consulting Services Private Limited, a wholly owned subsidiary company to M/s. Unique Comp, Inc (“Proposed Buyer”) for an aggregate consideration of INR 4,60,00,000/- (Indian Rupees Four Crores Sixty Lakhs only) through execution of Share Purchase Agreement dated May 28, 2026 between M/s. Unique Comp, Inc (“Proposed Buyer”), M/s. Dev information technology limited (“Proposed Seller”) and Dhyeey Consulting Services Private Limited.

Post the Proposed Transaction, Dhyeey Consulting Services Private Limited shall cease to be a wholly owned subsidiary company but will remain subsidiary company.

The details required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is attached and marked as Annexure III.

The meeting of the Board of Directors commenced at 5:00 p.m (IST) and concluded at 06:45 p.m (IST).

We request you to take the above information on records.

Thanking you,

On behalf of Board of Directors
DEV INFORMATION TECHNOLOGY LIMITED

SHAH KRISA
KAIRAV

Krisa Shah
Company Secretary & Compliance Officer
Place: Ahmedabad
Date: 28th May, 2026

Cloud Services
Managed IT Services
Digital Transformation
Enterprise Applications
Mobile Applications

CA
INDIA
ISC
RINKESH SHAH & CO.
CHARTERED ACCOUNTANTS

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the company Pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, as amended

The Board of Directors of
Dev Information Technology Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of annual standalone financial results of Dev Information Technology Limited ('the Company') for the quarter and the year ended March 31, 2026 ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

In our opinion and to the best of our information and according to the explanations given to us, the standalone financial results:

a. is presented in accordance with the requirements of Regulation 33 of Listing Regulations in this regard; and
b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India of the standalone net profit and other comprehensive income and other financial information for the quarter and the year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('ICAI') together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial results.

Management and Board of Director's Responsibilities for the Standalone Financial Results

The Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared on the basis of the audited standalone financial results. The Company's Board of Directors are responsible for the preparation and presentation of the statement that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the applicable Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for

Gujarat : 701, 702, 703, Suyojan Tower, President Hotel Lopata, R. Road, Ahmedabad, India - 380009
Maharashtra : 1408, Manisha Corporate Park, M.G. Road, Nearendand Station, Gop Kapish Mall, Mulund West, Mumbai - 400080
Rajasthan : 72, Sadar Bazar, Near Ram Temple, Arthuna, Bhavwara, Rajasthan, India - 327032
Page 1 of 3
E : [email protected]
FAX: 129698W
W : www.rinkeshshahandco.com

safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions; misrepresentations, or the override of internal control.
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Director' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Page 2 of 3

Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

We report that the figures for the quarter ended March 31, 2026 represents the balancing figures between the audited figures in respect of the financial years and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us.

Our opinion is not modified in respect of above matters.

Place: Ahmedabad
Date: May 28, 2026

For, RINKESH SHAH & Co.
Chartered Accountants
FRN 129690W

CA Rinkesh Shah
Partner
Membership No. 131783
UDIN:26131783JVAEFA9612

Page 3 of 3

DEV INFORMATION TECHNOLOGY LIMITED
Registered Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej – Shilaj Road, Thaltej, Ahmedabad – 380059
Website: www.devitpl.com Email:- [email protected] , M :- +91 9904152068
Statement of Standalone Audited Financial Results for the Quarter & Year ended on March 31, 2026

(Rs. in Lakhs except EPS)

	Particulars	QUARTER ENDED			YEAR ENDED
		3/31/2026	12/31/2025	3/31/2025	3/31/2026	3/31/2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
I	Revenue from operations	4,593.06	3,603.21	4,596.51	16,197.93	15,062.94
II	Other Income	223.00	46.96	21.90	344.33	1,269.39
III	Total Income (I+II)	4,816.06	3,650.17	4,618.41	16,542.26	16,332.33

IV	Expenses
	(a) Cost of Software and Services	1,904.16	1,790.03	2,558.88	7,307.10	6,157.38
	(b) Changes in inventories of stock-in-trade and projects-in-progress	10.24	76.06	(160.27)	102.66	(85.02)
	(c) Employee Benefits Expenses	2,109.57	2,166.77	1,812.33	7,805.99	7,446.06
	(d) Finance Costs	78.25	44.75	43.00	222.13	164.02
	(e) Depreciation and amortization expenses	66.42	66.53	50.20	230.55	220.29
	(f) Other expenses	385.04	142.36	196.98	787.59	556.26
	Total expenses (IV)	4,553.68	4,286.50	4,501.12	16,456.02	14,458.99
V	Profit before exceptional items and tax (III-IV)	262.38	(636.33)	117.29	86.24	1,873.34
VI	Exceptional Items (refer note no. 1)	-	-	-	9,236.13	-
VII	Profit Before Tax (V - VI)	262.38	(636.33)	117.29	9,322.37	1,873.34
VIII	Tax expense :
	a) Current Tax	(78.42)	-	46.30	40.90	383.92
	b) Deferred Tax Liability / (Assets)	(543.08)	10.80	(16.14)	1,800.04	(37.58)
	c) Adjustment of tax for Earlier Years	57.37	-	0.01	57.37	(15.04)
	Total Tax Expenses (VIII)	(564.13)	10.80	30.17	1,898.31	331.30
IX	Profit for the period/year (VII-VIII)	826.51	(647.13)	87.12	7,424.06	1,542.04
	Other Comprehensive Income
	i) Items that will be reclassified to profit or loss	-	-	-	-	-
	Tax effect on above items	-	-	-	-	-
	ii) Items that will not be reclassified to profit or loss
	a) Remeasurements of the defined benefit plans	(27.71)	(1.47)	7.63	(32.12)	(5.89)
	b) Changes in Fair Value of Investments	(1,531.48)	(1,535.01)	(5.63)	(4,857.09)	(5.63)
	Income tax relating to items that will not be reclassified to profit or loss	392.42	386.70	(0.50)	1,230.52	2.90
X	Total Other comprehensive income/(loss) for the period/year	(1,166.77)	(1,149.78)	1.50	(3,658.69)	(8.62)
XI	Total comprehensive income for the period/year (IX + X)	(340.26)	(1,796.91)	88.62	3,765.37	1,533.42
XII	Paid up equity share capital (face value of Rs. 2 per share)	1,127.27	1,126.70	1,126.70	1,127.27	1,126.70
XIII	Other equity excluding Revaluation Reserve				9,904.40	5,973.95
XIV	Earnings per share (of Rs. 2/- each) (not annualised for the quarter):
	Basic	1.47	(1.15)	0.15	13.18	2.74
	Diluted	1.44	(1.27)	0.15	13.02	2.74

As per our report of even date attached

For, Rinkesh Shah & Co.
Chartered Accountants
Firm Regn. No. 129690W

CA Rinkesh Shah Partner
Membership No. 131783

Place: Ahmedabad
Date: May 28, 2026

For, Dev Information Technology Limited.

INITIALED FOR IDENTIFICATION
BY
Rinkesh Shah & Co.
RINKESH SHAH & CO.

Jaimin Shah
(DIN: 00021880)
Managing Director

Harshil Shah
Chief Financial Officer

P.N. Pandya
(DIN: 00021744)
Chairman

Krisa Shah
Krisa Shah
Company Secretary

DEV

DEV INFORMATION TECHNOLOGY LIMITED

Statement Of Standalone Assets And Liabilities As At March 31, 2026

(Rs. In Lakhs)

Particulars	As at March 31, 2026	As at March 31, 2025
I ASSETS	(Audited)	(Audited)
1 Non-current Assets
(a) Property, Plant and Equipment	863.42	818.27
(b) Other Intangible assets	15.59	336.39
(c) Intangibles assets under development	-	130.57
(d) Financial Assets
(i) Investments	6,364.26	1,888.43
(ii) Loans	34.83	117.33
(iii) Other Financial Assets	505.44	484.60
(e) Deferred Tax Asset (Net)	-	17.20
Total Non-current Assets	7,783.54	3,792.79
2 Current Assets
(a) Inventories	616.11	718.77
(b) Financial Assets
(i) Trade receivables	8,287.31	7,072.80
(ii) Cash and cash equivalents	475.54	45.54
(iii) Bank balances other than (ii) above	0.06	0.14
(c) Other current assets	59.11	51.85
(d) Current Tax Asset (Net)	283.64	10.40
Total Current Assets	9,721.77	7,899.50
TOTAL ASSETS	17,505.31	11,692.29
II EQUITY AND LIABILITIES
1 Equity
(a) Equity Share capital	1,127.27	1,126.70
(b) Other Equity	9,904.40	5,973.95
Total Equity	11,031.67	7,100.65
2 LIABILITIES
Non-current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,047.05	550.12
(b) Provisions	108.60	47.70
(c) Deferred tax liabilities (Net)	552.32	-
Total Non-current Liabilities	1,707.97	597.82
3 Current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,405.47	1,012.94
(ii) Trade payables
- Total outstanding dues of micro and small enterprises	47.97	312.10
- Total outstanding dues of trade payables other than micro and small enterprises	2,092.97	1,538.33
(iii) Lease Liabilities	-	-
(iv) Other financial liabilities	759.44	586.86
(b) Other current liabilities	348.59	488.73
(c) Provisions	111.23	54.86
Total Current Liabilities	4,765.67	3,993.82
TOTAL EQUITY AND LIABILITIES	17,505.31	11,692.29

As per our report of even date attached

For, Rinkesh Shah & Co.

Chartered Accountants

Firm Regn. No. 129690W

CA Rinkesh Shah

Partner

Membership No. 131783

Place: Ahmedabad

Date: May 28, 2026

For, Dev Information Technology Limited.

Jaimin Shah

(DIN: 00021880)

Managing Director

Harshil Shah

Chief Financial Officer

Pranav Pandya

(DIN: 00021744)

Chairman

DEV

DEV INFORMATION TECHNOLOGY LIMITED

Statement Of Standalone Cash Flow For The Year Ended March 31, 2026

(Rs. In Lakhs)

Particulars		Year Ended March 31, 2026	Year Ended March 31, 2025
A	CASH FLOW FROM OPERATING ACTIVITIES
	Profit Before Tax	9,322.37	1,873.34
	Adjustments for
	Depreciation and Amortization expense	230.55	220.29
	Interest Income	(59.44)	(54.87)
	Finance Costs	222.13	164.02
	Dividend Income	(1.88)	(1.88)
	Foreign Exchange (Gain)/ Loss	(63.40)	(7.29)
	ESOP Expense for the year	44.66	49.87
	Sundry Balances written back (net)	(5.45)	15.96
	Net Loss / (Gain) on sale / fair valuation of investments	(9,230.90)	(1,163.62)
	Loss/(Profit) on sale of property, plant & equipment and intangible assets	-	0.95
	Provision for Expected Credit Loss	38.52	38.44
	Operating Profit before Working Capital Changes	497.16	1,135.21
	Working Capital Changes:
	(Increase)/Decrease Inventories	102.66	(85.02)
	(Increase)/Decrease in trade and other receivables	(1,129.82)	(2,520.28)
	Increase/ (Decrease) in trade and other payables	-408.11	931.06
	Net Changes in Working Capital	(619.05)	(1,674.24)
	Cash Generated from Operations	(121.89)	(539.03)
	Direct taxes paid (net of refund)	(371.51)	(387.56)
	Net Cash used in Operating Activities	(493.40)	(926.59)
B	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Property, Plant & Equipments and Intangible Assets	(912.34)	(266.88)
	Proceeds from sale of Property, Plant & Equipment	1,185.47	0.79
	Sale / Redemption / (Purchase) of Investments (Net)	(5.77)	1,079.93
	Investment in equity shares of subsidiary company	-	(411.07)
	Changes in Bank balances other than cash equivalents	0.08	262.50
	Interest & Dividend Received	37.99	34.29
	Net Cash flow from Investing Activities	305.43	699.56
C	CASH FLOW FROM FINANCING ACTIVITIES
	Payment of Dividend	(56.34)	(112.42)
	Proceeds from Long-Term borrowings	1,224.88	1,896.33
	Proceeds from Short-Term Borrowings (Net of Repayment)	392.54	241.30
	Repayment of Long-Term Borrowings	(727.96)	(1,732.10)
	Finance Cost Paid	(222.13)	(164.02)
	Proceeds from exercise of share options	6.98	49.15
	Payment of Lease Liability	-	(0.31)
	Net Cash flow from Financing Activities	617.97	177.93
	Net Increase/(Decrease) in cash & cash equivalents	430.00	(49.10)
	Cash & Cash equivalent at the beginning of the year	45.54	94.64
	Cash & Cash equivalent at the end of the year	475.54	45.54

As per our report of even date attached

For, Rinkesh Shah & Co.

Chartered Accountants

Firm Regn. No. 129690W

CA Rinkesh Shah

Partner

Membership No. 131783

Place: Ahmedabad

Date: May 28, 2026

INITIALED FOR IDENTIFICATION

Rinkesh Shah & Co.

RINKESH SHAH & CO.

For, Dev Information Technology Limited.

Harshil Shah

Chief Financial Officer

Pranav Pandya

(DIN:00021744)

Chairman

Krisi Shah

Company Secretary

Notes:

The above Audited Standalone financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on May 28, 2026. The statutory auditors of the company have carried out audit of aforesaid results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The Audited Standalone financial results for the Quarter and Year ended March 31, 2026 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
The Company operates in a single segment and in line with Ind AS - 108 - "Operating Segments", the operations of the Company fall under "IT & IT Enabled Services" which is considered to be the only reportable business segment.
The figures in respect of results for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures of the third quarter of the respective financial year which were subject to limited review by Auditors.
The Board of Directors of the Company at their meeting held on November 25, 2024 have approved the sub-division of each equity share having a face value of Rs. 5(five) each, fully paid-up, into equity shares having a face value of Rs. 2(two) each.

On December 20, 2024 the approval of the shareholders of the Company was obtained at the Extra Ordinary General Meeting through a ballot paper and electronic voting means with a requisite majority. The company had fixed August 21, 2025 as the record date for the purpose of Sub-Division / Split of Equity Shares. Accordingly, the Basic and Diluted Earnings Per Share (EPS) for the current quarter and financial year ended March 31, 2025 along with the prior periods standalone and the consolidated financial statements have been retrospectively adjusted to reflect the effect of the Sub-Division/ Split, in accordance with the applicable Ind AS.

Dev Accelerator Limited, associate entity of the company has successfully completed initial public offering of its equity shares via a fresh issue and got listed on the Indian Stock Exchanges on September 17, 2025. Pursuant to the listing, the effective holding of the company in the associate has reduced to 16.19%. Dev Accelerator Limited has ceased to be an Associate effective September 17, 2025 and hence has been reclassified as financial asset which will be fair valued at each reporting date in accordance with Ind AS109. Accordingly, unrealised mark to market gain of Rs. 9,236.13 lakhs till the date of termination has been credited to Statement of Profit and Loss and considered as an exceptional item. Unrealised loss of Rs. 4,853.31 lakhs from the date of termination till the quarter ended March 31, 2026 has been included in Other Comprehensive Income in accordance with one time irrevocable option available under Ind AS.
The company has allotted 28,482 equity shares of face value of Rs 2/- each pursuant to the Dev Information Technology Limited Employee Stock Option Scheme 2018 to the eligible employees on March 27, 2026. The same have been credited and transferred on the permanent ISIN and have got listed on both the stock exchanges on April 13, 2026.
The Government of India has notified the implementation of four new Labour Codes by consolidating and rationalizing 29 existing labour laws. These Codes have been made effective from November 21, 2025. The Company has estimated the financial implications thereof and has made additional provision of Rs. 9.38 lakhs towards past service cost which has been included under employee benefit expenses in the financial results. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on all the aspects of the Codes and would provide appropriate accounting effect, if any, on the basis of such developments as needed.
The Board of Directors of the Company at their meeting held on February 10, 2026 have approved acquisition of 19,000 equity shares of Rs. 10 each in M/s Scaleax Advisory Private Limited for a consideration of Rs. 10.00/- per equity share which represents 19% stake in the said company.
The Board of Directors of the Company at their meeting held on March 27, 2026 have approved acquisition of 3,986 equity shares of Rs. 10 each in M/s Byte Technosys Private Limited for a consideration of Rs. 97.00/- per equity share which represents 28.50% stake in the said company. The company has therefore been classified as an associate entity and has been accounted for as per IND AS 28.
The Board of Directors of the Company at its meeting held on March 31, 2026 based on the recommendation of the Audit Committee, interalla approved the sale/transfer of the Company's products along with its business as a going concern on slump sale, namely ByteSIGNER and Talligence, to M/s. Byte Technosys Private Limited, an associate company of DEVIT w.e.f March 31, 2026, for a cash consideration of Rs. 11.85 crores. The consideration has been arrived at on the basis of an independent valuation report provided by a registered Valuer.
The Board of Directors have recommended a final dividend of Rs.0.10/- per Equity Share (5% of the face value of Rs.2/- each) for the financial year ended March 31, 2026 subject to the approval of Shareholders at the ensuing Annual General Meeting.
The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures.

For, Dev Information Technology Limited.

Jaimin Shah

(DIN: 00021880)

Managing Director

Pranav Pandya

(DIN: 00021744)

Chairman

Harshil Shah

Krisa Shah

Chief Financial Officer

Company Secretary

Place: Ahmedabad

Date: May 28, 2026

CA
INDIA
ISC
RINKESH SHAH & CO.
CHARTERED ACCOUNTANTS

Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the company Pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, as amended

The Board of Directors of
Dev Information Technology Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Dev Information Technology Limited ('Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate, for the quarter and the year ended March 31, 2026 ('the Statement'), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').

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 report of the other auditors on separate financial statements / financial information of its subsidiaries, the statement:

a. include the annual financial results of: -

Sr. No.	Type of Holding	Name
1	Domestic Subsidiary Company	Dhyey Consulting Services Private Limited
2	Domestic Subsidiary Company	Minddeff Technologies Private Limited
3	Foreign Subsidiary Company	Dev Info-Tech North America Limited
4	Foreign Step-down Subsidiary Company	Dynamic Stars LLC
5	Associate Company	Dev Accelerator Limited (upto September 17, 2025)
6	Associate Company	Byte Technosys Private Limited (w.e. from March 27, 2026)

b. are presented in accordance with the requirements of Regulation 33 of Listing Regulations in this regard; and

c. gives a true and fair view, in conformity with the applicable accounting standards and other accounting principles generally accepted in India of the consolidated net profit and other comprehensive income and other financial information of the group and associate for the year ended March 31, 2026.

Basis for Opinion

Gujarat : 701, 702, 703, Suyojan Tower, President H. R. S. Road, Ahmedabad, India - 380009
Maharashtra : 1408, Manisha Corporate Park, M.G. Road, New Jailand Station, Opp Kapish Mall, Mulund West, Mumbai - 400080
Rajasthan : 72, Sadar Bazar, Near Ram Temple, Arthur C. Bansheva, Rajasthan, India - 327032
Page 1 of 4
E : [email protected]
W : www.rinkeshshahandco.com

requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management and Board of Director's Responsibilities for the Consolidated Financial Results

The Statement, has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the statement that give a true and fair view of the consolidated net profits and other comprehensive income and other financial information of the group including its associate in accordance with the applicable Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued hereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the Companies included in the group and its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the statement by the directors of the Holding Company, as aforesaid.

In preparing the consolidated Statement, the respective Board of Directors of the Companies included in the group and its associate are responsible for assessing the ability of the respective companies and of its associate to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group and its associate or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the Group and its associate are also responsible for overseeing the financial reporting process of the Group and its associate.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions; misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.

Page 2 of 4

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate to continue as going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associate of which we are the independent auditors and whose financial information we have audited, to express an opinion on the statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other Matter

The Statement includes the audited financial results and other financial information in respect of:

Two (2) Indian subsidiaries, whose financial statements include total assets of Rs. 2587.40 lakhs as at March 31, 2026, total revenues of Rs. 1094.02 lakhs and Rs. 2795.40 lakhs, total net profit after tax of Rs. 110.91 lakhs and Rs. 79.63 lakhs and total comprehensive income of Rs. 93.06 lakhs and Rs. 64.96 lakhs for the quarter and year ended March 31, 2026 respectively and net cash inflow of Rs. 34.51 lakhs for the year ended March 31, 2026 as considered in the Statement whose financial statements and other financial information, which have been audited by their respective independent auditors.
Two (2) Subsidiaries are located outside India whose financial statements include total assets of Rs. 779.98 lakhs as at March 31, 2026, total revenues of Rs. 375.03 lakhs and Rs. 1488.11 lakhs, total net

Page 3 of 4

profit after tax of Rs. (41.80) lakhs and Rs. (62.65) lakhs and total comprehensive income of Rs (44.98z) lakhs and Rs. (60.58) lakhs for the quarter and year ended March 31, 2026 and net cash outflow or Rs. 37.38 lakhs respectively as considered in the Statement whose financial statements and other financial information have been prepared in accordance with the accounting principles generally accepted in their respective countries. The Holding Company's management has converted the financial statements of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. These subsidiaries are material to the consolidated financial statements, and these conversion adjustments made by the Holding Company's management has been audited by other auditors in India, whose reports have been furnished to us. Our opinion on the consolidated financial statements, insofar as it relates to the amounts and disclosures included for these subsidiaries, is based solely on the reports of the other auditors and our review of the conversion adjustments.

One (1) Associate whose financial statements include Group's share of Net Loss of Rs. 0.02 Lakhs and Total Comprehensive income of Rs. 0.02 Lakhs for the quarter and year ended March 31, 2026 as considered in the statement whose financial statements and other financial information have been audited by its respective independent auditor.

The independent auditors' reports on financial statements/ financial information of the subsidiaries and associate have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the subsidiaries, is based solely on the report of the such auditors and the procedures performed by us are stated in paragraph above.

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

We report that the figures for the quarter ended March 31, 2026 represent the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the financial year, which were subjected to a limited review by us.

Our opinion is not modified in respect of above matters.

Place: Ahmedabad
Date: May 28, 2026

For RINKESH SHAH & Co.
Chartered Accountants
FRN. 129690W

CA Rinkesh Shah
Partner
Membership No. 131783
UDIN:26131760A1GSH11207

Page 4 of 4

DEV

DEV INFORMATION TECHNOLOGY LIMITED

Registered Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing,

Thaltej - Shilaj Road, Thaltej, Ahmedabad - 380059

Website: www.devitpl.com Email: [email protected] , M :- +91 9904152068

Statement of Consolidated Audited Financial Results for the Quarter and Year ended March 31, 2026
(Rs. in lakhs except EPS)

	Particulars	QUARTER ENDED			YEAR ENDED
		3/31/2026	12/31/2025	3/31/2025	3/31/2026	3/31/2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
I	Revenue from operations	5,386.50	4,414.40	5,155.31	18,950.06	17,066.38
II	Other income	213.32	71.70	23.07	399.72	1,324.51
III	Total Income (I+II)	5,599.82	4,486.10	5,178.38	19,349.78	18,390.89
IV	Expenses
	(a) Cost of Software and Services	2,060.71	2,196.93	2,685.28	8,385.33	6,720.53
	(b) Purchase of stock in trade	-	-	-	-	-
	(c) Changes in inventories of stock-in-trade and projects-in-progress	8.46	76.37	(172.21)	84.47	(96.96)
	(d) Employee Benefits Expenses	2,513.18	2,452.14	2,088.48	8,889.19	8,530.54
	(e) Finance Costs	97.93	53.56	58.03	276.19	259.91
	(f) Depreciation and amortization expenses	63.31	107.94	78.97	326.61	303.94
	(g) Other expenses	513.91	325.90	278.03	1,267.94	864.99
	Total expenses (IV)	5,257.50	5,212.84	5,016.58	19,229.73	16,582.95
V	Profit before exceptional items and tax (III-IV)	342.32	(726.74)	161.80	120.05	1,807.94
VI	Exceptional Items (refer note no. 4)	-	-	-	9,354.64	-
	Share of profit/(loss) of associates	(0.02)	-	-	(0.02)	-
VII	Profit Before Tax (V - VI)	342.30	(726.74)	161.80	9,474.67	1,807.94
VIII	Tax expense :
	a) Current Tax	(70.37)	-	76.04	67.00	413.66
	b) Deferred Tax Liability / (Assets)	(549.97)	10.66	(27.57)	1,776.60	(59.87)
	c) Adjustment of tax for Earlier Years	67.04	4.51	(0.12)	71.55	(23.82)
	Total Tax Expenses (VIII)	(553.30)	15.17	48.35	1,915.15	329.97
IX	Profit for the period/year (VII-VIII)	895.60	(741.91)	113.45	7,559.52	1,477.97
	Other Comprehensive Income	-	-	-	-	-
	i) Items that will be reclassified to profit or loss	(3.19)	0.11	(0.68)	2.06	(1.42)
	Tax effect on above items	-	-	-	-	-
	ii) Items that will not be reclassified to profit or loss
	(a)Remeasurements of the defined benefit plans	(51.56)	(0.05)	14.09	(51.72)	(0.22)
	(b)Changes in Fair Value of Investment	(1,531.48)	(1,535.01)	(5.63)	(4,857.09)	(5.63)
	Income tax relating to items that will not be reclassified to profit or loss	398.42	386.34	(2.13)	1,235.45	1.47
X	Total Other comprehensive Income/(loss) for the period/year	(1,187.81)	(1,148.61)	5.65	(3,671.30)	(5.80)
XI	Total comprehensive Income for the period/year (IX + X)	(292.21)	(1,890.52)	119.10	3,888.22	1,472.17
XII	Profit for the period attributable to:
	Owners of the Company	908.65	(726.62)	122.47	7,577.88	1,487.29
	Non controlling interest	(13.05)	(15.29)	(9.02)	(18.36)	(9.32)
XIII	Other Comprehensive Income (Net of Tax) for the period attributable to:
	Owners of the Company	(1,186.72)	(1,148.58)	5.79	(3,671.36)	(5.70)
	Non controlling Interest	(1.09)	(0.03)	(0.14)	0.06	(0.10)
XIV	Total Comprehensive Income (Net of Tax) for the period attributable to:
	Owners of the Company	(278.07)	(1,875.21)	128.54	3,906.52	1,481.87
	Non controlling Interest	(14.14)	(15.31)	(9.44)	(18.30)	(9.70)
XV	Paid up equity share capital (face value of Rs. 2 per share)	1,126.70	1,126.70	1,126.70	1,126.70	1,126.70
XVI	Other equity excluding Revaluation Reserve				9,807.05	5,735.46
XVII	Earnings per share (of Rs. 2/- each) (not annualised for the quarter):
	Basic	1.59	(1.30)	0.22	13.42	2.64
	Diluted	1.56	(1.43)	0.21	13.25	2.64

As per our report of even date attachc

For, Rinkesh Shah & Co.

Chartered Accountants

Firm Regn. No. 129690W

CA Rinkesh Shah

Partner

Membership No. 131783

Place: Ahmedabad

Date: May 28, 2026

INITIALED FOR IDENTIFICATION

RinkeshShah & Co.

RINKESH SHAH & CO.

For, Dev Information Technology Limited.

Jainin Shah

(DIN: 00021880)

Managing Director

Pranav Pandya

(DIN: 00021744)

Chairman

Krisa Shah

Company Secretary

DEV

DEV INFORMATION TECHNOLOGY LIMITED

Statement Of Consolidated Assets And Liabilities as at March 31, 2026

(Rs. in lakhs)

| Particulars | As at March 31, 2026
(Audited) | As at March 31, 2025
(Audited) |
| --- | --- | --- |
| I ASSETS | | |
| 1 Non-current Assets | | |
| (a) Property, Plant and Equipment | 1,030.79 | 1,032.48 |
| (b) Right of Use Assets | 128.26 | 148.51 |
| (c) Intangibles assets under development | 413.16 | 382.19 |
| (d) Goodwill | 627.82 | 627.82 |
| (e) Other Intangible assets | 487.27 | 481.26 |
| (f) Financial Assets | | |
| (i) Investments | 4,797.82 | 364.18 |
| (ii) Loans | 39.83 | 117.33 |
| (iii) Other Financial Assets | 510.71 | 494.48 |
| (g) Income tax assets (Net) | - | 27.28 |
| (h) Deferred tax assets (Net) | 65.66 | 54.49 |
| Total Non-current Assets | 8,101.32 | 3,730.02 |
| 2 Current Assets | | |
| (a) Inventories | 646.24 | 730.71 |
| (b) Financial Assets | | |
| (i) Trade receivables | 9,095.07 | 7,451.49 |
| (ii) Cash and cash equivalents | 617.54 | 190.40 |
| (iii) Bank balances other than (ii) above | 5.15 | 0.14 |
| (iv) Loans | - | 4.25 |
| (v) Other Financial Assets | - | 42.86 |
| (c) Income tax assets (Net) | 339.56 | - |
| (d) Other current assets | 85.09 | 59.89 |
| Total Current Assets | 10,788.65 | 8,479.74 |
| TOTAL ASSETS | 18,889.97 | 12,209.76 |
| II EQUITY AND LIABILITIES | | |
| 1 Equity | | |
| (a) Equity Share capital | 1,127.27 | 1,126.70 |
| (b) Other Equity | 9,807.05 | 5,735.46 |
| (c) Non-Controlling Interest | (4.16) | 14.14 |
| Total Equity | 10,930.16 | 6,876.30 |
| 2 LIABILITIES | | |
| Non-current Liabilities | | |
| (a) Financial Liabilities | | |
| (i) Borrowings | 1,069.69 | 656.45 |
| (ii) Lease Liabilities | 132.59 | 138.20 |
| (b) Provisions | 186.78 | 89.13 |
| (c) Deferred tax liabilities (Net) | 552.32 | - |
| Total Non-current Liabilities | 1,941.38 | 883.78 |
| 3 Current Liabilities | | |
| (a) Financial Liabilities | | |
| (i) Borrowings | 1,842.43 | 1,179.61 |
| (ii) Trade payables | | |
| - Total outstanding dues of micro and small enterprises | 50.78 | 353.72 |
| - Total outstanding dues of trade payables other than micro and small enterprises | 2,563.60 | 1,565.13 |
| (iii) Lease Liabilities | 16.56 | 24.10 |
| (iv) Other financial liabilities | 972.44 | 705.35 |
| (b) Other current liabilities | 441.06 | 560.65 |
| (c) Provisions | 131.56 | 61.12 |
| Total Current Liabilities | 6,018.43 | 4,449.68 |
| TOTAL EQUITY AND LIABILITIES | 18,889.97 | 12,209.76 |

As per our report of even date attached

For, Rinkesh Shah & Co.

Chartered Accountants

Firm Regn. No. 129690W

CA Rinkesh Shah

Partner

Membership No. 131783

Place: Ahmedabad

Date: May 28, 2026

For, Dev Information Technology Limited.

Jaimin Shah

(DIN: 00021880)

Managing Director

Pranav Pandya

(DIN: 00021744)

Chairman

| DEV INFORMATION TECHNOLOGY LIMITED
Consolidated Statement of Cash flow for the Year ended March 31, 2026
(Rs. in lakhs) | | | |
| --- | --- | --- | --- |
| Particulars | | For The Year Ended March 31, 2026 | For The Year Ended March 31, 2025 |
| A | CASH FLOW FROM OPERATING ACTIVITIES | | |
| | Profit Before Tax | 9,474.69 | 1,807.94 |
| | Adjustments for | | |
| | Depreciation and Amortization expense | 326.61 | 303.94 |
| | Interest Income | (59.85) | (57.56) |
| | Finance cost | 276.19 | 259.91 |
| | Dividend Income | (1.88) | (1.88) |
| | Foreign Exchange (Gain)/ Loss | (68.97) | (65.75) |
| | ESOP Expense for the year | 205.34 | 49.87 |
| | (Profit) / Loss on Sale of Property, Plant and Equipment | (97.32) | 0.95 |
| | Sundry Balances written back (net) | 102.32 | 32.60 |
| | Net Loss / (Gain) on sale / fair valuation of investments | (9,251.96) | (1,163.62) |
| | Provision for Expected Credit Loss | 4.94 | 52.19 |
| | Operating Profit before Working Capital Changes | 910.11 | 1,218.59 |
| | Working Capital Changes: | | |
| | (Increase)/Decrease Inventories | 84.47 | (96.97) |
| | (Increase)/Decrease in trade and other receivables | (1,768.76) | (2,715.50) |
| | Increase/ (Decrease) in trade and other payables | 1,011.14 | 1,114.93 |
| | Net Changes in Working Capital | (673.15) | (1,697.54) |
| | Cash Generated from Operations | 236.96 | (478.95) |
| | Direct taxes paid (net of refund) | (450.84) | (408.24) |
| | Net Cash flow used in Operating Activities | (213.88) | (887.19) |
| B | CASH FLOW FROM INVESTING ACTIVITIES | | |
| | Purchase of Property, Plant & Equipments and Intangible Assets | (1,430.85) | (455.38) |
| | Sale / Redemption / (Purchase) of Investments (Net) | (5.77) | 1,163.62 |
| | Proceeds from sale of Property, Plant & Equipment | 1,186.52 | 0.79 |
| | Loans (given) / recovered | 120.37 | (81.36) |
| | Interest & Dividend Received | 38.40 | 37.54 |
| | Changes in bank balance other than cash & cash equivalent | (5.01) | 268.23 |
| | Net Cash flow from/(Used In) Investing Activities | (96.34) | 931.44 |
| C | CASH FLOW FROM FINANCING ACTIVITIES | | |
| | Payment of Dividend | (56.34) | (112.42) |
| | Proceeds from Long-Term borrowings | 1,224.88 | 1,896.33 |
| | Proceeds from Short-Term Borrowings (Net of Repayment) | 662.82 | 300.81 |
| | Repayment of Long-Term Borrowings | (811.64) | (1,644.15) |
| | Payment for acquisition of subsidiary | - | (411.07) |
| | Finance Cost Paid | (276.19) | (259.91) |
| | Proceeds from exercise of share options | 6.98 | 49.15 |
| | Payment of Lease Liability | (13.15) | (12.59) |
| | Net Cash flow from / (used in) Financing Activities | 737.36 | (193.85) |
| | Net Increase/(Decrease) in cash & cash equivalents | 427.14 | (149.60) |
| | Cash & Cash equivalent at the beginning of the year | 190.40 | 340.00 |
| | Cash & Cash equivalent at the end of the year | 617.54 | 190.40 |

As per our report of even date attached

For, Rinkesh Shah & Co.

Chartered Accountants

Firm Regn. No. 129690W

CA Rinkesh Shah

Partner

Membership No. 131783

Place: Ahmedabad

Date: May 28, 2026

For, Dev Information Technology Limited.

Jaimin Shah

(DIN: 00021880)

Managing Director

Harshil Shah

Chief Financial Officer

Pranav Pandya

(DIN: 00021744)

Chairman

Notes:

The above Audited Consolidated financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on May 28, 2026. The statutory auditors of the company have carried out audit of aforesaid results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The Audited consolidated financial statement includes financial results of the following entities:

Sr. No.	Type of Holding	Name
1	Domestic Subsidiary Company	Dhyej Consulting Services Private Limited
2	Domestic Subsidiary Company	Minddefi Technologies Private Limited
3	Foreign Subsidiary Company	Dev Info-Tech North America Limited
4	Foreign Step-down Subsidiary Company	Dynamic Stars LLC
5	Associate Company	Dev Accelerator Limited (Upto September 17, 2025)
6	Associate Company	Byte Technology Private Limited (w.e.f March 27, 2026)

The Audited Consolidated financial results for the Quarter and Year ended March 31, 2026 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 123 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
The Audited Consolidated financial results for the Quarter and Year ended March 31, 2026 are prepared in accordance with principles and procedures as set out in the Ind AS 110 "Consolidated Financial Statements" prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.
The group operates in a single segment and in line with Ind AS - 108 - "Operating Segments", the operation of the group fall under "IT & IT enabled Services" business which is considered to be the only reportable business segment. The activities carried out by the associate are not reviewed separately and the criteria for identifying operating segments are not met hence Segment Reporting is not applicable in respect of the Associate Company.
The Audited Consolidated figures for the quarter ended March 31, 2026 are the balancing figures between and the Published Audited figures for the year ended period up to March 31, 2026 and the unaudited figures in respect of the nine months period up to December 31, 2025 which were subjected to limited Review.
The Holding company has allotted 28,482 equity shares of face value of Rs 2/- each pursuant to the Dev Information Technology Limited Employee Stock Option Scheme 2018 to the eligible employees on March 27, 2026. The same have been credited and transferred on the permanent IDN and have got listed on both th stock exchanges on April 13, 2026.
The Board of Directors of the Holding Company at their meeting held on November 25, 2024 have approved the sub-division of each equity share having a face value of Rs. 5(five) each, fully paid-up, into equity shares having a face value of Rs. 2(two) each. On December 20, 2024 the approval of the shareholders of the Holding Company was obtained at the Extra Ordinary General Meeting through a ballot paper and electronic voting means with a requisite majority. The Holding company had fixed August 21, 2025 as the record date for the purpose of Sub-Division / Split of Equity Shares. Accordingly, the Basic and Diluted Earnings Per Share (EPS) for the current quarter and financial year ended March 31, 2025 along with the prior periods standalone and the consolidated financial statements have been retrospectively adjusted to reflect the effect of the Sub-Division/ Split, in accordance with the applicable Ind AS.
Dev Accelerator Limited, associate entity of the Holding Company has successfully completed initial public offering of its equity shares via a fresh issue and got listed on the Indian Stock Exchanges on September 17, 2025. Pursuant to the listing, the effective holding of the company in the associate has reduced to 16.19%. Dev Accelerator Limited has ceased to be an Associate effective September 17, 2025 and hence has been reclassified as financial asset which will be fair valued at each reporting date in accordance with Ind AS 109. Accordingly, unrealised mark to market gain of Rs. 9,354.64 lakhs till the date of termination has been credited to Statement of Profit and Loss and considered as an exceptional item. Unrealised loss of Rs. 4,853.31 lakhs from the date of termination till the quarter ended March 31, 2026 has been included in Other Comprehensive Income in accordance with one time irrevocable option available under Ind AS.
The Government of India has notified the implementation of four new Labour Codes by consolidating and rationalizing 29 existing labour laws. These Codes have been made effective from November 21, 2025. The Company has estimated the financial implications thereof and has made additional provision of Rs. 27.66 lakhs towards past service cost which has been included under employee benefit expenses in the financial results. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on all the aspects of the Codes and would provide appropriate accounting effect, if any, on the basis of such developments as needed.
The Board of Directors of the Holding Company at their meeting held on February 10, 2026 have approved acquisition of 19,000 equity shares of Rs. 10 each in M/s Scaleas Advisory Private Limited for a consideration of Rs. 10.00/- per equity share which represents 19% stake in the said company.
The Board of Directors of the Holding Company at their meeting held on March 27, 2026 have approved acquisition of 3,986 equity shares of Rs. 10 each in M/s Byte Technology Private Limited for a consideration of Rs. 97.00/- per equity share which represents 28.50% stake in the said company. The company has therefore been classified as an associate entity and has been accounted for as per IND AS 28.
The Board of Directors of the Holding Company at its meeting held on March 31, 2026 based on the recommendation of the Audit Committee, interalia approved the sale/transfer of the Company's products along with its business as a going concern on slump sale, namely ByteSIGNER and Talligence, to M/s. Byte Technology Private Limited, an associate company of DEVIT w.e.f 31st March, 2026, for a cash consideration of Rs. 11.85 crores. The consideration has been arrived at on the basis of an independent valuation conducted by the registered Valuer.
The Board of Directors have recommended a final dividend of Rs. 0.10/- per Equity Share (5% of the face value of Rs.2/- each) for the financial year ended March 31, 2026 subject to the approval of Shareholders at the ensuing Annual General Meeting.
The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures.

For, Dev Information Technology Limited.

Place: Ahmedabad
Date: May 28, 2026

DEV IT Simplified

Annexure-I

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

Trading Symbol: DEVIT | To,
The Secretary,
BSE Limited
Phiroze Jejeebhoy Towers,
Dalal Street
Mumbai -400001

Trading Symbol: 543462 |
| --- | --- |

Subject: 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. Rinkesh Shah & Co., Chartered Accountants, Statutory Auditors on the Annual Audited Financial Statements of the Company for the financial year ended on 31st March, 2026 is with unmodified opinion.

We request you to take above information on record.

Thanking you,

Yours Faithfully

DEV INFORMATION TECHNOLOGY LIMITED,

For, Dev Information Technology Limited

JAIMIN JAGDISHBHAI SHAH
Managing Director
(DIN: 00021880)
Date: 28th May, 2026.

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Annexure II:

NAME	M/S Manav Sheth & Company.
Date of Appointment	May 28, 2026
Term of Appointment	The appointment is for a period of 01 (One) year. The Internal Auditor shall conduct the Internal Audit for the financial year 2026-27
Address	Sheth Vas, Near Jain Temple, Kalol, Gujarat-382721, India
Qualification	Mr. Manav Sheth
• Chartersed Accountant
• Bachelor’s Degree in Commerce
Area of Practice	Internal Audit, Statutory Audit, Special Audit, Concurrent Audits, Tax audit, TDS(Tax deduction)Audit, other audits, Good & Services, Corporate laws, Management Consultancy.
Service Provided	• Statutory Audits of public and private companies, medium and small firms. Laws in India require private and public companies, and some other entities to get their accounts audited annually.
• Internal & Management Audits – the firm has actively assisted in conducting Internal and Management Audits of Public and Private Limited companies which are required by the Companies Act as well as Managements of progressive businesses which desire assurance with regard to their systems and transactions.
• Concurrent Audits – Assisted to conduct Concurrent Audits of Several public and private sector banks.
• Tax Audits – Handled Tax Audits under the provisions of Section 44AB of The Income tax Act and certification for companies fulfilling a minimum turnover criteria or if they enjoy tax exemptions and benefits.
• TDS (Tax Deduction) Audits - managements often desire a TDS audit to ensure effective compliance with various tax deductions at source and international withholding taxes.
• Other Audits - Societies, Public and Private Trusts and not-for-profit organisations (NGOs).
• Representation Services - in assessments and other proceedings, representation in appeals before Commissioner (Appeals), Income Tax Appellate Tribunal, Income Tax Settlement Commission, Authority for Advance Rulings (AAR), etc

Goods & Service Tax & VAT
• Registration, Planning, Consultation, Compliance
• Filing of returns, Representation before assessing authorities

Corporate Laws
• Company law - consultation, planning and compliance
• Incorporation of new companies - including Indian, foreign, and subsidiaries of wholly owned foreign companies
• Miscellaneous Services - including Search Reports with Registrar of Companies etc

Management Consultancy
• Preparation of project and feasibility reports, applications for funding with financial institutions
• Liaison with investors, funding agencies, Financial Institutions etc. |
| FRN | 128310W |

Annexure-III

Sr No.	Particulars	Details
1.	the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year	Name of Subsidiary Company: Dhyey Consulting Services Private Limited
		Particulars	Amount (in Rs. lakhs)	Percentage
		Turnover	2607.44	15.76
		Net worth	-	N.A.
2.	date on which the agreement for sale has been entered into	Execution of 'Share Purchase Agreement between M/s. Unique Comp, Inc ("Proposed Buyer"), M/s. Dev information technology limited ("Proposed Seller") and Dhyey Consulting Services Private Limited dated 28th May, 2029.
3.	the expected date of completion of sale/disposal	Proposed Transaction will be completed within 5 months of execution of SPA.
4.	consideration received from such sale/disposal	Consideration of INR 4,60,00,000/- (Indian Rupees Four Crores Sixty Lakhs only) shall be received by the Company on completion of the Proposed Transaction.
5.	brief details of buyers and whether any of the buyers belong to the promoter/promoter group/group companies. If yes, details thereof	M/s. Unique Comp, Inc ("Proposed Buyer - 1") of the Company will purchase 62,500 equity shares.
Buyer and Seller are not related to each other
6.	whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length	No, the transaction does not fall under related party transactions
The proposed transaction will be executed at the price arrived as per the Valuation report obtained from Independent Valuer, hence the transaction is at arms' length.
7.	whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same	Not Applicable

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	including compliance with regulation 37A of LODR Regulations.
8.	additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.	Not Applicable

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AI assistant

DEV INFORMATION TECHNOLOGY LIMITED Audit Report / Information 2026

59295_rns_2026-05-28_4f99de39-c219-4de6-a059-93b9ff815885.pdf

Opinion

Basis for Opinion

Management and Board of Director's Responsibilities for the Standalone Financial Results

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Other Matter

Notes:

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Management and Board of Director's Responsibilities for the Consolidated Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Other Matter

Notes:

Annexure-I

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

AI assistant

DEV INFORMATION TECHNOLOGY LIMITED — Audit Report / Information 2026

59295_rns_2026-05-28_4f99de39-c219-4de6-a059-93b9ff815885.pdf

Opinion

Basis for Opinion

Management and Board of Director's Responsibilities for the Standalone Financial Results

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Other Matter

Notes:

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Management and Board of Director's Responsibilities for the Consolidated Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Other Matter

Notes:

Annexure-I

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

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DEV INFORMATION TECHNOLOGY LIMITED Audit Report / Information 2026