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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2025
Apr 1, 2025
59295_rns_2025-04-01_0c5af1f3-e7a5-4113-9c5d-22b1b0c9f19f.pdf
Capital/Financing Update
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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
Date: 01[st] April, 2025
| To,The Manager-Listing Department,The National Stock Exchange of IndiaLimited,Exchange Plaza, Plot No. C/1, G-Block,Bandra Kurla complex,Bandra East, Mumbai-400 051TradingSymbol: DEVIT | To,The Secretary,BSE LimitedPhiroze Jejeebhoy Towers,Dalal StreetMumbai -400001TradingSymbol: 543462 |
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- Subject: Dev Accelerator Limited (DevX) Filing of Draft Red Herring Prospectus:
Ref.: Regulation 30 (Disclosure of event or information) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI LODR Regulations, Dev Accelerator Limited (DevX) an associate company of Dev Information Technology Limited (the company), has informed the Company that it has filed a draft red herring prospectus dated March 30, 2025 with the Securities and Exchange Board of India for an initial public issue of 27,500,000 equity shares of Face value of ₹ 2/- each for cash (“Equity Shares’).
The IPO comprises of an offer of up to Fresh issue of 27,500,000 equity shares of Face value of ₹ 2/- each for cash and is 100% Book Built Issue. The issue comprises of Net issue, the Employee Reservation Portion and Shareholder’s Reservation Portion.
The DRHP is also available on:
https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&ssid=15&smi d=10
Kindly take the above information on your records.
Thanking you,
On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED
Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, KRISA KAIRAV pseudonym=CDCD7FC7D81194322A5D754479A99121, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e3444c7c94d418 1b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46A0172B9661A77166 Krisa Shah SHAH 58794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2025.04.01 12:56:45 +05'30'
(Company Secretary and Compliance Officer) Place: Ahmedabad
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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
Important information
The issue, subscription for or purchase of Dev Accelerator Limited (DevX) equity shares (“Equity Shares”) may be subject to specific legal or regulatory restrictions in certain jurisdictions. Dev Information Technology Limited assume no responsibility for any violation of any such restrictions by any person.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any other jurisdiction other than India where it is unlawful to do so. This announcement may not be published, forwarded or distributed, directly or indirectly, in any other jurisdiction where it is unlawful to do so.
In the DRHP, persons included are Individuals and HUFs who are public equity shareholders of Dev Information Technology Limited, excluding such other persons not eligible to invest in the Issue under applicable laws, rules, regulations and guidelines, as on the date of the Red Herring Prospectus, as “Eligible Shareholders”.
Important Definition-
| Term | Description |
|---|---|
| Eligible Shareholders | Individuals and HUFs who are public equity shareholders of ourcorporate Promoter, Dev Information Technology Limited,excluding such other persons not eligible to invest in the Issueunder applicable laws, rules, regulations and guidelines, as onthe date of the Red Herring Prospectus. The maximum BidAmount under the Shareholders Reservation Portion by anEligible Shareholder could not exceed ₹ 0.20 million. EligibleShareholders applying in the Shareholders Reservation Portioncan apply at the Cut-off Price and the Bid Amount, in that case,will be the Cap Price, multiplied by the number of Equity SharesBid for by such Eligible Shareholder and mentioned in the Bidcum Application Form. |
| Eligible Employees | All or any of the following:(i)Permanent employees of our Company, our corporatePromoter, Dev Information Technology Limited, or of ourSubsidiaries, as may be decided (excluding such employeesnot eligible to invest in the Issue under applicable laws,rules, regulations and guidelines), as on the date of filing ofthe Red Herring Prospectus with the RoC and whocontinues to be a permanent employee of our Company,our corporate Promoter, Dev Information TechnologyLimited,or our Subsidiaries,as applicable,until the |
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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
| submission of the Bid cum Application Form and have beenbased, working and present in India or abroad; and(ii) a Director of our Company (excluding such Directors whoare not eligible to invest in the Issue under applicable laws),whether whole time Director or not, who is eligible to applyunder the Employee Reservation Portion under applicablelaw as on the date of filing of the Red Herring Prospectuswith the RoC and who continues to be a Director of ourCompany, until the submission of the Bid cum ApplicationForm, but not including (i) Promoters; (ii) members of thePromoter Group; and (iii) Directors who either themselvesor through their relatives or through any body corporate,directly or indirectly, hold more than 10% of theoutstandingEquityShares of our Company. | |
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| Net Issue | The Issue less the Employee Reservation Portion and theShareholders’ Reservation Portion. |
| Shareholders’Reservation Portion | Reservation of up to [●] Equity Shares of face value of ₹2 each,available for allocation to Eligible Shareholders, on aproportionate basis. Such portion shall not exceed 10% of thesize of the Issue |
On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED
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=0D148FB642AD1A5177D6AC789F641CE2A46A SHAH 0172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2025.04.01 12:57:14 +05'30' Krisa Shah (Company Secretary and Compliance Officer) Place: Ahmedabad
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