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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2025
Jan 17, 2025
59295_rns_2025-01-17_21c8bf2b-8a71-42fd-b713-97c72084731b.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 / 53www.devitpl.com | [email protected]
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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Date: 17[th] January, 2025
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: 543462 Trading Symbol: DEVIT
Subject: Grant of Options under "Dev Information Technology Limited Employee Stock Option Plan - 2018"
Dear Sir/Mam,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform that the Nomination Remuneration and Compensation Committee of Dev Information Technology Limited (“DEVIT”) has, in its meeting held on January 17, 2025, granted stock options under "Dev Information Technology Limited Employee Stock Option Plan- 2018”.
The details of the stock options granted are provided in Annexure “A” attached herewith.
Kindly take this 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=85084771729dcbf53eeb59ca8816c302300d8440cb 27e3444c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F641CE2A46 A0172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH SHAH Date: 2025.01.17 17:56:49 +05'30'
Krisa Shah Company Secretary and Compliance Officer Place: Ahmedabad
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Cloud Services
Digital Transformation
Mobile Applications
Managed IT Services
Enterprise Applications
Business Applications
Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53www.devitpl.com | [email protected]
Dev Information Technology Limited
Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479
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Annexure A
| Sr.No. | Particulars | Dev Information TechnologyLimited Employee Stock Option Plan- 2018 | |
|---|---|---|---|
| 1. | Briefdetails ofstockoptions granted | Grant of 66,936 stock options on January 17, 2025 | |
| 2 | Total number of optionsgranted on January 17,2025 | 66,936 | |
| 3 | Whether the scheme is interms ofSEBI(SBEB)Regulations, 2014/2021 | Yes | |
| 4 | Total number of sharescovered by these stockoptions | 66,936 equity shares (Each stock option is convertible intoone (1) equity share of DEVIT having a face value of Rs. 05/-each) | |
| 5 | Exercise Price | Rs. 120.75/- per stock option(For 66,936 number of sharesgranted on October 26,2023) | |
| 6 | 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 theCompanies Act 2013 read with the Dev Information TechnologyLimited Employee Stock Option Plan - 2018, options granted aresubject to a minimum Vesting Period of 1 (One) year. | |
| 7 | Exercise Period | 45 (forty-Five) days from the first vesting date | |
| 8 | Lock-inprovisions | Nil |
On behalf of Board of Directors Dev Information Technology Limited
Digitally signed by KRISA KAIRAV SHAH DN: c=IN, o=Personal, title=2582, pseudonym=CDCD7FC7D81194322A5D754479A99 121, KRISA KAIRAV 2.5.4.20=85084771729dcbf53eeb59ca8816c302300 d8440cb27e3444c7c94d4181b4266, postalCode=380007, st=Gujarat, serialNumber=0D148FB642AD1A5177D6AC789F64 SHAH 1CE2A46A0172B9661A7716658794938A1AF0, cn=KRISA KAIRAV SHAH Date: 2025.01.17 17:57:07 +05'30' Krisa Shah
Company Secretary and Compliance Officer Place: Ahmedabad
Managed IT | Services
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Enterprise Applications |
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Cloud Services
Digital Transformation
Mobile Applications
Business Applications
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