DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2024

Dec 16, 2024

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 | info@devitpl.com

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

Date: December 16, 2024

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: DEVIT Trading Symbol: 543462

Subject: Outcome of Board Meeting held on Monday, December 16, 2024 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”)

Respected Sir/Madam,

With reference to the captioned subject, we would like to inform you that the Board of Directors of Dev Information Technology Limited (the “Company”) in its Meeting held on Monday, December 16, 2024 at 03:00 P.M. at the registered office of the company, inter alia, discussed and approved following businesses:

1. Considered and approved allotment of equity shares under “Dev Information Technology Limited Employee Stock Option Plan – 2018”:

The Board at its meeting held today, has approved allotment of 49,414 (Forty Nine Thousand Four Hundred and Fourteen Only) equity shares of face value of Rs.5/- each to the eligible Employees of the Company who have exercised their stock options under “Dev Information Technology Limited Employee Stock Option Plan – 2018”. These shares shall rank pari passu with the existing equity shares of the Company in all respects. In this allotment, none shares are allotted to the Director(s) of the Company.

The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure A .

The meeting commenced at 03:00 P.M. and concluded at 03:35 P.M.

Kindly take the above information on your records.

Thanking you, On behalf of Board of Directors Dev Information Technology Limited

KRISA KAIRAV SHAH

Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, pseudonym=CDCD7FC7D81194322A5D754479A99121, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e34 44c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0172 B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2024.12.16 15:36:41 +05'30'

Krisa Shah

(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 / 53

Dev Information Technology Limited

www.devitpl.com | info@devitpl.com

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

Annexure A

SN	Particulars	Details
1.	Brief details of stock options granted	Grant of 1,08,746 stock options on October 26, 2023 (Each stock option is convertible into one (1) equity share of DEVIT having a face value of Rs. 05/- each)
2.	Whether the scheme is in terms of SEBI(SBEB) Regulations, 2014	The Scheme is prepared in accordance with the provisions of Securities and Exchange Board of India (Share Based Employee Benefits)Regulation 2014
3.	Total number of shares covered by these stock options	1,08,746 equity shares
4.	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.
5.	Options vested	1,08,746 equity shares
6.	Exercise Period	45 (forty-Five) days from the first vesting date
7.	Options exercised	49,414 equity shares (Each stock option is convertible into one (1) equity share of DEVIT having a face value of Rs. 05/- each)
8.	Exercise Price	Rs. 99.48/- per stock option
9.	Money realized by exercise of options	Rs. 49,15,705.05
10.	The total number of shares arising as a result of exercise of option	49,414 equity shares
11.	Options lapsed;	59,332
12.	Variation of terms of options	NA
13.	Brief details of significant terms	NA

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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

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14. NO
Subsequent changes or
cancellation or exercise
of such options
15. NA
Diluted earnings per
share pursuant to issue
of equity shares on
exercise of options.
16.
Change in paid up
capital post issue of Post Issue
No. of shares 2,25,34,093
equity shares on Paid up capital (Rs.) Rs. 11,26,70,465
exercise of options.
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Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, KRISA KAIRAV pseudonym=CDCD7FC7D81194322A5D754479A99121, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27 e3444c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0 172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH SHAH Date: 2024.12.16 15:36:58 +05'30'

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