DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2024

Feb 21, 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: February 21, 2024

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: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") - Allotment of Equity Shares on Preferential Basis.

Ref.: Company's Board Meeting Outcome dated February 21, 2024

Pursuant to Regulation 30 and other applicable provisions of the SEBI LODR Regulations, we wish to inform you that pursuant to the approval of the Members of the Company and in-principle approval received from National Stock Exchange of India Limited on February 14,2024 and BSE Limited dated February 13, 2024; the Board of Directors of the Company at its meeting held today i.e.,Wednesday. February 21, 2024 has inter alia discussed and approved as below:

1. Allotment of 2,94,117 (Two Lakhs Ninety Four Thousand One hundred Seventeen)Equity Shares of face value of ₹5/- (Rupees Five Only) each at an issue price of ₹136 (Rupees One Hundred Thirty-Six Only) including a premium of ₹131/- (Rupees One Hundred Thirty-One Only) per Equity Shares, aggregating to ₹ 3,99,99,912 (Indian Rupees Three Crores Ninety Nine Lakhs Ninety Nine thousand Nine hundred and Twelve only), for consideration other than cash, to person belonging to the NonPromoter Group category, on preferential basis in accordance with the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 (“SEBI ICDR Regulations”).

The requisite disclosures as required in terms of Para A of Part A of Schedule III of Regulation 30 of the SEBI LODR Regulations read with Securities Exchange Board of India (“SEBI”) Circular No CIR/CFD/CMD/4/2015 dated September 9, 2015, are provided in Annexure I, enclosed herewith.

Pursuant to the allotment of the said Equity Shares, the total issued and paid-up share capital of the Company has increased from ₹11,06,70,700 (Eleven Crore Six Lakh Seventy Thousand Seven Hundred Only) to ₹ 11,21,41,285 (Eleven Crore Twenty-One Lakh Forty-One Thousand Two Hundred Eighty-Five Only).

The meeting of the Board of Directors of the Company commenced at 04:00 P.M. and concluded at 05:15 P.M.

Kindly take the same on record of your esteemed Exchange and disseminate on your website.

Thanking you,

Yours faithfully,

For Dev Information Technology Limited KRISA KAIRAV Digitally signed by KRISA KAIRAV SHAH Krisa Shah SHAH Date: 2024.02.21 17:17:05 +05'30' Company Secretary & Compliance Officer Encl.: Annexure I

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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

ANNEXURE I

DETAILS OF PROPOSED PREFERENTIAL ISSUE

Disclosure pursuant to Para A of Part A of Schedule III of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with read with SEBI Circular No CIR/CFD/CMD/4/2015 dated September 9, 2015

Sr. No.	Particulars of disclosure		Disclosure	Disclosure	Disclosure	Disclosure	Disclosure
1.	Types of securities		Equity Shares
2.	Type of issuance		Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws
3.	Total number of securities issued or the total amount for which the securities issued		Allotment of 2,94,117 (Two Lakhs Ninety-Four Thousand One Hundred Seventeen) Equity Shares of face value of ₹5/- (Rupees Five Only) each at an issue price of ₹136 (Rupees One Hundred Thirty-Six Only) including a premium of ₹131/- (Rupees One Hundred Thirty-One Only) per Equity Shares aggregating up to ₹ 3,99,99,912 (Indian Rupees Three Crore Ninety Nine Lakhs Ninety Nine Thousand Nine hundred and Twelve only) for consideration other than cash.
4.	Details to be furnished in		case of preferential issue
	a. Name of the Allottees		1. Nileshkumar Jagdishbhai Panchal 2.Nilesh Dilipkumar Mandani 3.Sahil Baldevbhai Amin
	b. Post allotment of securities outcome of the subscription, issue price /allotted price (in case of convertibles), number of investors		Outcome of allotment:
			Name of the Allottees	Pre-Issue shareholding		Post-issue shareholding
				No.	%	No.	%
			Nileshkumar Jagdishbhai Panchal	-	-	98,039	0.44
			Nilesh Dilipkumar Mandani	-	-	98,039	0.44
			Sahil Baldevbhai Amin	-	-	98,039	0.44
	In case of convertibles- intimation on conversion of securities or on lapse of the tenure of the instrument		Not Applicable

For Dev Information Technology Limited

KRISA KAIRAV SHAH

Digitally signed by KRISA KAIRAV SHAH Date: 2024.02.21 17:18:01 +05'30'

Krisa Shah Company Secretary & Compliance Officer

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