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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2023
Feb 1, 2023
59295_rns_2023-02-01_65f72c17-27fd-4891-9b93-fd7e433b5a4b.pdf
Capital/Financing Update
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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]
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Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
Date: 01[st] February, 2023
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
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 01[st] February, 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 DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, KRISA RUPALKUMAR 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d9736481ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6EC04C6770, PATEL serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0172B9661A7716658794938A1AF0, cn=KRISA RUPALKUMAR PATEL Date: 2023.02.01 14:12:00 +05'30' Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad
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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 / 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 26,120 stock options on February 01, 2023 | |
| 2 | Total number of options granted on June 29, 2022 |
26,120 | |
| 3 | Whether the scheme is in terms of SEBI (SBEB) Regulations, 2014 |
Yes |
|
| 4 | Total number of shares covered by these stock options |
26,120 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. 60/- per stock option (For 26,120 number of shares granted on February 01, 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-in provisions | Nil |
On behalf of Board of Directors Dev Information Technology Limited
Digitally signed by KRISA RUPALKUMAR PATEL DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, KRISA RUPALKUMAR 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d9736481ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6EC04C6770, PATEL serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0172B9661A7716658794938A1AF0, cn=KRISA RUPALKUMAR PATEL Date: 2023.02.01 14:13:07 +05'30' Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad
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