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DEV INFORMATION TECHNOLOGY LIMITED Board/Management Information 2022

Jun 17, 2022

59295_rns_2022-06-17_d2508323-7862-4f8b-ae9b-27783ee2eaf3.pdf

Board/Management Information

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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

==> picture [80 x 88] intentionally omitted <==

Date: 17[th] June, 2022

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

Dear Sir/ Madam,

Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , and pursuant to Extra-ordinary General Meeting (EGM) held on 15[th] June, 2022 for seeking approval of the Shareholders, we would like to inform you that shareholders have approved the following, by way of special resolution(s):

Appointment and Re-appointments of following Director(s):

  • i) Re-Appointment of Dr. Venkata Rama Subba Rao Velamuri (DIN: 06502798), as a Non-Executive Independent director for a term of five consecutive years commencing from the expiry of his present term that is with effect from March 16, 2022 till March 16, 2027, who is not liable to retire by rotation.

  • ii) Re-Appointment of Dr. Rama Moondra (DIN: 01764539), as a Non-Executive Independent director for the further period of 5 years for a term of five consecutive years commencing from the expiry of her present term that is with effect from March 16, 2022 till March 16, 2027, who is not liable to retire by rotation.

  • iii) Appointment of Mr. Umesh Rateja (DIN: 07269459) as an Independent Non-Executive director of the company, for a term of 5 consecutive years with effect from 16[th] June,2022 till 16[th] June, 2027, who is not liable to retire by rotation.

  • iv) Re-Appointment and terms of remuneration payable to Mr. Pranav Niranjanbhai Pandya (DIN: 00021744) as a Chairman & Whole-time Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation.

|Enterprise
Applications|||Enterprise
Mobility|||Infrastructure
Management|||Cloud
Computing|||Digital
Services|||Licensing|
|---|---|---|---|---|---|---|---|---|---|---|

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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

==> picture [80 x 88] intentionally omitted <==

  • v) Re-Appointment and terms of remuneration payable to Mr. Jaimin Jagdishbhai Shah (DIN: 00021880) as a Managing Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is not liable to retire by rotation.

  • vi) Re-Appointment and terms of remuneration payable to Mr. Vishal Nagendra Vasu (DIN: 02460597) as a Whole-time Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation.

  • vii) Re-Appointment and terms of remuneration payable to Mr. Prerak Pradyumna Shah (DIN: 02805369) as a Whole-time Director of the company, for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation.

The particulars of above appointments and re-appointments of directors are as per Annexure – 1.

This is for your information and record.

Thanking you,

Yours faithfully,

On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED

Digitally signed by KRISA RUPALKUMAR PATEL KRISA DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d97364 81ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6EC04 RUPALKUMAR C6770, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A4 6A0172B9661A7716658794938A1AF0, cn=KRISA PATEL RUPALKUMAR PATEL Date: 2022.06.17 14:42:06 +05'30'

Krisa Patel Company Secretary & Compliance Officer Place: Ahmedabad

Enterprise Enterprise Infrastructure Cloud Digital Licensing Applications | Mobility | Management | Computing | Services |

==> picture [611 x 13] intentionally omitted <==

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

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Annexure – I: Particulars of above appointments and re-appointments of directors

1. Re- appointment of Dr. Venkata Rama Subba Rao Velamuri (DIN: 06502798), as Independent Non-executive Director

Date of Re-
Appointment & Term
of Appointment		 Brief Profile Relationship
between
directors
Independent
Non-
executive Director for a
term of five consecutive
years commencing from
March 16, 2022 till
March 16, 2027		 Dr. Venkata Rama Subba Rao Velamuri is retired IAS Officer. He
has spent over 36 years in the Indian Administrative Service, 27
of them in Gujarat.
He holds degrees of Master in Performing Arts (MPA), Bachelor
of Laws (LLB), Master of Science (MSC), Master of Arts (MA) and
Ph.D. He has served the state government in various senior
positions as Secretary, Social Welfare, and as Additional Chief
Secretary Urban Development, Finance departments and lastly
the Home Department.
Dr. Venkata Rama Subba Rao Velamuri has been an active
member of the Board and the Board Committees of which he is a
member. He brings independent judgement on the Board of the
Company and his continued
association will be valuable and positive. With his expertise, skills
and knowledge, particularly in the field of finance and accounts,
he articulates and provides his valuable guidance and inputs in all
matters pertaining to the financial statements. Dr. Venkata Rama
Subba Rao Velamuri is physically fit, mentally alert and is vocal at
the Board and Committee meetings. He provides his
independent view in board and committee deliberations.
The Director is being exempted from clearing the Online
ProficiencySelf Assessment test for Independent Directors.		 N.A.

2. Re-appointment of Dr. Rama Moondra (DIN: 01764539), as Independent Non-executive Director

|Enterprise
Applications
|
Enterprise
Mobility
Date of Appointment &
Term of Appointment
Independent
Non-
executive Director for a
term of five consecutive|Date of Appointment &
Term of Appointment|Brief Profile|Relationship
between
directors|
|---|---|---|---|
||Independent
Non-
executive Director for a
term of five consecutive|Dr. Rama Moondra holds a degree of Master in Business
Administration and M.S. in Psychotherapy. She also holds the
Ph.D Degree in Management(Entrepreneurship& Innovation).|
N.A.|
||||
Infrastructure
Management
|
Cloud
Computing
|
Digital
Services||

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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

==> picture [80 x 88] intentionally omitted <==

years commencing from
from March 16, 2022 till
March 16, 2027		 She is a certified Coach from International Coach Federation and
listed as Premium Educator with Harvard Business Publishing,
she regularly contributes to Harvard case studies and surveys.
The Director have also cleared the Online Proficiency Self
Assessment test for Independent Directors.

3. Appointment of Mr. Umesh Rateja (DIN: 07269459), as Independent Non-executive Director:

Date of Appointment &
Term of Appointment		 Brief Profile Relationship
between
directors
Independent
Non-
executive Director for a
term of five consecutive
years commencing from
June 16,2022 till June
16, 2027
Mr. Umesh Rateja comes with over 28 years of Strategic &
Operational Human Resource Management experience with Large
and Reputed Indian and Multinational companies. As an
accomplished HR transformation leader, he is a business
collaborator, providing larger solutions that deliver differentiated
business results. From organisational development to coaching
teams to align their individual goals to larger interest remains the
key to success of his approach. He also has extensive experience of
Leading HR verticals and National Roles in highly dynamic and
people
centric sectors like Consulting, Telecom, Insurance, Direct Sales and
Manufacturing.
Umesh is proficient at Business strategy partnering with Leadership
teams, Leading Change Management initiatives, Competency based
Talent Acquisition, Talent
Management, Driving Employee Engagement and Value based
Performance Management Culture, Rewards, Compensation &
Benefits, HR Planning, Governance & Controlling processes,
designing effective HR Policies and Systems, Building Effective Talent
pipeline at all levels including Learning and Certification Academy
for frontline roles.
Currently Umesh is the Executive Director at Next Milestone
Technologies Pvt Ltd, Director and BOD at GESIA IT Association and
Co-Founder cum Mentor of SUMS CorpSolutions LLP. During his
corporate career Umesh has held various Leadership roles in HR, OD
and Training. Some of the key positions he held include Head of
Talent
Acquisition
and
HR
Operations
with
Reliance
Communications, VP & Head of Talent Acquisition with Tata AIG,
Head of Strategic HR & OD at Idea Cellular Ltd. He has also held
strategic and operationpositions with Bharti Airtel,Max New York		 N.A.

|Enterprise
Applications|||Enterprise
Mobility|||Infrastructure
Management|||Cloud
Computing|||Digital
Services|||Licensing|
|---|---|---|---|---|---|---|---|---|---|---|

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

Dev Information Technology Limited

www.devitpl.com | [email protected]

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

==> picture [80 x 88] intentionally omitted <==

Life, DSS Mobile Communications Ltd (Mobilink), Eureka Forbes and Galaxy Group. He has been trained on Leadership Skills from XLRI Jamshedpur, Talent Assessor by Mercer, Great Leaders Programme from Franklin Covey, 7 Habits of Highly Successful People from Franklin Covey, Competency Mapping by T V Rao Learning Systems, Assessor for Thomas Profiling by Thomas International, Gallup Engagement Model & Q12 by Gallup International, Quality Auditor (ISO 9001) by KPMG. The Director have also cleared the Online Proficiency Self Assessment test for Independent Directors.

4. Re-appointment of Mr. Pranav Niranjan Pandya (DIN: 00021744), as Chairman and Wholetime Director:

time Director:
Date of Appointment &
Term of Appointment		 Brief Profile Relationship
between
directors
Chairman & Whole-time
Director of the company
for a term of five
consecutive
years
commencing
from
February 21, 2022 to
February 21, 2027		 Mr. Pranav Pandya hails from Family of Nobles at Rajkot who were
legal advisors and administrator of many erstwhile kingdoms in
Saurashtra. His parents were advocates with his father going retiring
ultimately as Judge Bombay High court. Mr Pranav Pandya is a First
Generation
Electronic
and
Microprocessor
Engineering
entrepreneur with a strong backing of 25 years plus experience. He
has very good understanding of technology business implications in
local scenarios of both public and private sectors. A visionary and
having an eye for details, he is very well known in the e-Governance
power circle as a dependable IT expert who is always finding
innovative solutions to a given challenge. His policy of going that
extra mile translates into association of a long term relationship,
making him one of the most well received businessman locally
among varied crossection of the community across the State of
Gujarat, India. He is personally inclined towards rendering his
services to the uplifting and modernization of education institutes
and is active towards initiatives for Public Private Partnership in the
said sector. He is Vice Chairman Gujarat Innovation Society (GIS) and
Director on Board of Gujarat Electronic & Software Industry
Association. He is associated with National and State level industry
bodies like NASSCOM, CII, FICCI, TiE & Gujarat Chamber of
Commerce.		 N.A.

|Enterprise
Applications|||Enterprise
Mobility|||Infrastructure
Management|||Cloud
Computing|||Digital
Services|||Licensing|
|---|---|---|---|---|---|---|---|---|---|---|

==> picture [611 x 13] intentionally omitted <==

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

==> picture [80 x 88] intentionally omitted <==

5. Re-appointment of Mr. Jaimin Jagdishbhai Shah (DIN: 00021880), as Managing Director:

Date of Appointment &
Term of Appointment		 Brief Profile Relationship
between
directors
Managing Director of the
company for a term of
five consecutive years
commencing
from
February 21, 2022 to
February 21, 2027		 Jaimin Shah has more than 21 years of experience in the IT industry
and carries a Bachelor Degree in Computers. As a Co-Founder and
Managing Director of the company, Jaimin is focused on
strengthening strategic partnerships, increasing client relevance and
evolving the company’s business model towards becoming a next
generation global IT consulting and end to end IT Services company.
His key priorities are to support the company’s growth, manage
critical finance function and adhere to regulatory and compliance
requirements. Jaimin has been awarded as Outstanding IT
Entrepreneur of the Year by Ahmedabad Management Association
and “Alumni of the Year” by Dharamsinh Desai University (DDU). He
is currently Chairman of IT Subcommittee of FICCI-Gujarat State
Council, Governing Council member of Ahmedabad Management
Association and trustee of Dewang Mehta Foundation Trust. He is
immediate past Chairman of Domestic Council of NASSCOM, Past
Chairperson of Indo-Canada Business Chamber (ICBC), Gujarat
Region, Past Chairman of Indo-American Chamber of Commerce
(IACC), Gujarat Region. He is Past President of Gujarat Electronics &
Software Industries Association(GESIA).		 N.A.

6. Re-appointment of Mr. Vishal Nagendra Vasu (DIN: 02460597), as Whole-time Director:

Date of Appointment &
Term of Appointment		 Brief Profile Relationship
between
directors
Whole-time Director of
the company for a term
of
five
consecutive
years commencing from
February 21, 2022 to
February 21, 2027		 Vishal Vasu is a Whole-time Director and Chief Technology Officer
(CTO) at DEV IT and leads the company’s Technology and Innovation
ecosystem. He is responsible for managing DEV IT’s innovation
portfolio and creating new growth drivers for the company. In
addition to planning and executing DEV IT’s technology roadmap
and strategy, Vishal has responsibility for driving innovation through
Research & Development activities in DEVLabs and leveraging
emerging technologies to bring the newest innovations to clients
globally. He provides technical direction across the company in
areas of managed services, architecture designs, software
technology, and cybersecurity thus supporting project development
that fuels businessgrowth. Alongwith this,he is also leadingthe		 N.A.

Enterprise Infrastructure Cloud Digital Mobility | Management | Computing | Services |

==> picture [611 x 13] intentionally omitted <==

Applications Enterprise |

Licensing

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

Dev Information Technology Limited

www.devitpl.com | [email protected]

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

==> picture [80 x 88] intentionally omitted <==

Information Technology function for DEV IT, including its
infrastructure, systems, processes, and security. Prior to joining DEV
IT, Vishal was the Founder Director of Byte Technosys Pvt. Ltd., a
company, specializing in delivering solutions and services in
Infrastructure Management Services. Post the merger in 2010, Byte
Technosys Pvt. Ltd., is now a subsidiary of Dev Information
Technology Ltd. (DEV IT). Vishal brings with him extensive systems
engineering, software development and information management
expertise from over two decades of experience. He is a certified
technology
specialist
on
Microsoft
platforms,
a
certified
Cybersecurity Expert and carries a diploma of Management in e-
Business. He is a frequent speaker, publication contributor and an
avid blogger on information technology. His articles have been
published in a varietyofpublications.

7. Re-appointment of Mr. Prerak Pradyumna Shah (DIN: 02805369), as Whole-time Director:

Date of Appointment &
Term of Appointment		 Brief Profile Relationship
between
directors
Whole-time Director of
the company for a term
of five consecutive
years commencing from
February 21, 2022 to
February 21, 2027		 Mr. Prerak Shah is Executive Director and Jt CEO at Dev Information
Technology Ltd. “Lead by example” is his philosophy as he motivates
team in providing businesses with solutions that aptly aligns
technology, process and people and in turn, helps business
maximize their IT investments. Before returning home in 2009, in his
14 years in US, one term of vanvas as he jokingly calls, Mr Prerak
acquired MS in Computer Science, ITIL certification and became
Project Management Professional (PMP) from PMI and had
successfully led many global projects to fruition. In his 22+ years of
career, he has assisted in implementation of many IT projects –
ranging from dynamic websites, Business Process Automation
Applications, Portals and ERP Solutions across many verticals. He
relies on good governance and adheres to project management
principles and spearheads company’s PMO, processes and
community oriented activities. Also the AVP of PMI’s Ahmedabad
Branch (PMI Mumbai Chapter) – he looks after spreading
knowledge and awareness of project management practices in
Gujarat region via way of forums, workshops and trainings and
during his tenure, PMI has mentored many aspirants to become
certified professionals. Helping less privileged is subject close to his
heart and strongly believes in uniting for cause by empowering the
ones that are alreadyworkingon it. Inspite of the heavywork		 N.A.

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Enterprise Enterprise Infrastructure Cloud Digital Licensing Applications | Mobility | Management | Computing | Services |

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

==> picture [80 x 88] intentionally omitted <==

demands and pressure, he has always made it a point to spend and invest his time in assisting Yuva Unstoppable and has been recognized by Yuva Unstoppable as “Youth Icon” for his continuous support and guidance in spreading the kindness and participation in their programs that are aimed to help the less privileged and make our society a better place to live.

This is for your information and record.

Thanking you,

Yours faithfully,

On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED

Digitally signed by KRISA RUPALKUMAR PATEL KRISA DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d9 736481ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6E RUPALKUMAR C04C6770, serialNumber=0D148FB642AD1A5177D6AC789F641C E2A46A0172B9661A7716658794938A1AF0, cn=KRISA PATEL RUPALKUMAR PATEL Date: 2022.06.17 14:44:17 +05'30'

Krisa Patel Company Secretary & Compliance Officer Place: Ahmedabad

Enterprise Enterprise Infrastructure Cloud Digital Licensing Applications | Mobility | Management | Computing | Services |

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