DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2023

Jul 29, 2023

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 | info@devitpl.com

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

Date: 29[th] July, 2023

To, National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No: C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Scrip Symbol: DEVIT

BSE Limited

Phiroze Jejeebhoy Towers, Dalal Street Mumbai – 400 001 Scrip Code: 543462

Dear Sir/Madam,

Sub: Intimation of Board Meeting of Dev Information Technology Limited (“the Company”) under Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI (LODR) Regulations”).

Ref.: Our letters dated June, 13, 2023 and June 16, 2023.

We refer to the abovementioned letters and in-principle approvals dated July 12, 2023 received from BSE Limited and National Stock Exchange of India Limited for issuance and allotment of 57,24,907 equity shares of face value of ₹5/- each (“Equity Shares”) to LT1, Inc., a company belonging to Non-Promoter Group category (“Allottee”) , in accordance with the Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 (“SEBI (ICDR) Regulations”).

We wish to inform you that the Allottee vide its letter dated 28[th] July, 2023 has requested the Company for extension of Preferential Allotment offer period (“Offer Period”) for subscribing / investing into Equity Shares of the Company.

In view of the above and pursuant to Regulation 29(1) of the SEBI (LODR) Regulations, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 2, 2023 to, inter alia, re consider and re-evaluate proposal for raising funds by way of preferential issue on a private placement basis including determination of issue price as may be permitted under applicable laws, subject to such regulatory/ statutory approvals as may be required and the approval of the Shareholders of the Company.

Further, the trading window for dealing in the securities of the Company has been closed for Connected Persons, Insiders, Designated Persons and their immediate relatives covered under the Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons of the Company adopted under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended, with effect from 01[st] July, 2023, and shall remain closed till 48 hours after the outcome of the Board Meeting.

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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 | info@devitpl.com

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

The aforesaid intimation is also being hosted on the website of the Company i.e., www.devitpl.com.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Dev Information Technology Limited

Digitally signed by KRISA RUPALKUMAR PATEL KRISA DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d973648 1ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6EC04C6 RUPALKUMAR 770, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46 A0172B9661A7716658794938A1AF0, cn=KRISA Krisa R. Patel PATEL RUPALKUMAR PATEL Date: 2023.07.29 17:10:04 +05'30' (Company Secretary & Compliance Officer)

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Digital Transformation

Mobile Applications

Managed IT Services

Enterprise Applications |

Business Applications |