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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2023
Oct 26, 2023
59295_rns_2023-10-26_0f2a682e-e851-47e0-83b3-fedc899a13f6.pdf
Capital/Financing Update
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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 / 53www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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Date: 26[th] October, 2023
To, To, The Manager-Listing Department, The Secretary, The National Stock Exchange of India BSE Limited Limited, Phiroze Jejeebhoy Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street Bandra Kurla complex, Mumbai -400001 Bandra East, Mumbai-400 051 Trading Symbol: 543462 Trading Symbol: DEVIT
Subject: Grant of Options under "Dev Information Technology Limited Employee Stock Option Plan - 2018"
Dear Sir/Mam,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform that the Nomination Remuneration and Compensation Committee of Dev Information Technology Limited (“DEVIT”) has, in its meeting held on 26th October, 2023, granted stock options under "Dev Information Technology Limited Employee Stock Option Plan- 2018, as per the details mentioned in Annexure “A”.
Kindly take this information on your records.
Thanking you,
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=d1c0aba8e31c18d21102a1dc7b6f28 e8284d9736481ffbf9aac932a2e380bf46, RUPALKUM pseudonym=DB51E9393700C673574239D33EDA5A6EC04C6770, serialNumber=0D148FB642AD1A5177D6AC78 9F641CE2A46A0172B9661A7716658794938A AR PATEL 1AF0, cn=KRISA RUPALKUMAR PATEL Date: 2023.10.26 15:50:09 +05'30' Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad
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Managed IT Digital
Services | Transformation
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Cloud Services
Enterprise Business Mobile Applications | Applications | Applications
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53www.devitpl.com | [email protected]
Dev Information Technology Limited
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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Annexure A
| Sr. No. |
Particulars | Dev Information Technology Limited Employee Stock Option Plan- 2018 |
|
|---|---|---|---|
| 1. | Brief details of stock options granted |
Grant of 55,292 stock options on October 26, 2023 | |
| 2 | Total number of options granted on October 26, 2023 |
55,292 | |
| 3 | Whether the scheme is in terms of SEBI(SBEB) Regulations, 2014 |
Yes | |
| 4 | Total number of shares covered by these stock options |
55,292 equity shares (Each stock option is convertible into one (1) equity share of DEVIT having a face value of Rs. 05/- each) |
|
| 5 | Exercise Price | Rs. 99.48/- per stock option (For 55,292 number of sharesgranted on October 26,2023) |
|
| 6 | Vesting Schedule | The Options shall vest as per the approval from Nomination, Remuneration and Compensation committee.As per the SEBI (Employee Share Based Payments) Regulations 2014 and the Companies Act 2013 read with the Dev Information Technology Limited Employee Stock Option Plan - 2018, options granted are subject to a minimum Vesting Period of 1 (One) year. |
|
| 7 | Exercise Period | 45 (forty-Five) days from the first vesting date | |
| 8 | Lock-inprovisions | Nil |
On behalf of Board of Directors Dev Information Technology Limited
Digitally signed by KRISA RUPALKUMAR PATEL DN: c=IN, o=Personal, postalCode=380052, KRISA st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d9 736481ffbf9aac932a2e380bf46, RUPALKUMAR pseudonym=DB51E9393700C673574239D33EDA5A6EC04C6770, serialNumber=0D148FB642AD1A5177D6AC789F641C E2A46A0172B9661A7716658794938A1AF0, cn=KRISA PATEL RUPALKUMAR PATEL Date: 2023.10.26 15:50:38 +05'30' Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad
Managed IT Digital | Services | Transformation |
Enterprise Applications |
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Cloud Services
Mobile Applications
Business Applications |