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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2025
Dec 26, 2025
59295_rns_2025-12-26_16ace091-343c-4c42-b6c8-b2e15331960f.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: 26[th] December, 2025
| To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla complex, Bandra East, Mumbai-400 051 Trading Symbol: DEVIT |
To, The Secretary, BSE Limited Phiroze Jejeebhoy Towers, Dalal Street Mumbai -400001 Trading Symbol: 543462 |
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Subject: Outcome of Board Meeting held on Friday, December 26, 2025: Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
We, Dev Information Technology Limited (“the Company”), hereby submit this intimation in continuation of our earlier communication(s) dated October 18, 2025, wherein the Board of Directors of the Company had proposed for raising of funds through issuance of up to 1,50,00,000 (One Crore Fifty Lakhs) warrants convertible into 1,50,00,000 Equity Shares of Face Value of Rs. 2/- each at a price of Rs. 45.45/- per Warrant on a preferential basis (“Proposed Preferential Issue”), subject to receipt of statutory / regulatory approvals, as may have been required.
In this regard, we wish to inform you that, after a comprehensive review of the prevailing business environment, market conditions and the Company’s strategic direction, the Board of Directors in its meeting held on today i.e. on December 26, 2025 has, in the overall interests of the Company and its stakeholders, decided not to proceed with the Proposed Preferential Issue and to withdraw the same.
The key considerations for this decision, inter alia, are as under:
1. Strategic Business Restructuring and Collaborations
The management is currently evaluating strategic business restructuring alternatives and potential collaborations, with a view to sharpen business focus, enhance operating efficiencies and create longterm, sustainable value for all stakeholders. In light of this ongoing strategic review and its potential impact on the Company’s overall capital requirements and deployment plans, the Board is of the considered view that proceeding with the Proposed Preferential Issue at this juncture may not be appropriate.
2. Prudent Capital Planning and Shareholder Value Considerations
In light of the ongoing evaluation of strategic alternatives, the Board believes that it would be more prudent to reassess the timing, quantum and structure of any future capital-raising exercise, rather than immediately proceeding with the previously approved preferential issue.
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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 | [email protected]
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Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
The withdrawal of the Proposed Preferential Issue does not affect the Company’s existing operations, commitments, or its ability to meet its ongoing financial obligations.
The Board wishes to emphasize that this decision has been taken after due deliberation and with the objective of protecting and enhancing the interests of all shareholders. The Company remains committed to transparent disclosures and to keeping the Stock Exchange and investors duly informed of any material developments, including any fresh proposal for fund raising, restructuring or strategic collaboration, as and when approved by the Board, in accordance with applicable laws and regulations.
This intimation is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions.
The Board Meeting commenced at 01:30 p.m. and concluded at 02:30 p.m.
You are requested to kindly take the above on record.
Thanking you,
On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED
Digitally signed by SHAH KRISA KAIRAV DN: c=IN, postalCode=380007, st=GUJARAT, street=5 ,DHARMISHTHA NAGAR SOCIETY ,AHMEDABAD,PALDI ,380007, l=AHMEDABAD, o=Personal, serialNumber=0d148fb642ad1a5177d6ac789f641ce2a46a0172b966 1a7716658794938a1af0, pseudonym=4f06fe3cae2b49e5bf0634c6d7548178, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e344 4c7c94d4181b4266, [email protected], cn=SHAH KRISA KAIRAV Date: 2025.12.26 14:33:26 +05'30'
SHAH KRISA KAIRAV
Krisa Shah Company Secretary & Compliance Officer Place: Ahmedabad
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