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DEV INFORMATION TECHNOLOGY LIMITED — Capital/Financing Update 2026
Mar 31, 2026
59295_rns_2026-03-31_0a1d6f8b-c6a2-429c-ad9a-61aad3a6339c.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: March 31, 2026
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: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Respected Sir/Madam,
In compliance with Regulation 30(6) read with Schedule III, Part A, Para A(1) of the SEBI Listing Regulations, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. 31[st] March, 2026 based on the recommendation of the Audit Committee, interalia approved the sale/transfer of the Company’s products along with its business as a going concern on slump exchange, namely ByteSIGNER and Talligence, to M/s. Byte Technosys Private Limited, an associate company of DEVIT w.e.f 31[st] March, 2026, for a cash consideration of Rs. 11.90 Crores (Rupees Eleven Crore Ninety Lakh Only). The consideration has been arrived at on the basis of an independent valuation conducted by the registered Valuer.
The slump sale has been approved by the Board of Directors in accordance with Section 188 of the Companies Act, 2013 and Regulation 23 of the Securities Exchange and Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations).
Please find enclosed requisite disclosures pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 as Annexure-'A' to this letter.
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, SHAH KRISA o=Personal, serialNumber=0d148fb642ad1a5177d6ac789f641ce2a46a0172b9661a 7716658794938a1af0, pseudonym=4f06fe3cae2b49e5bf0634c6d7548178, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e3444c 7c94d4181b4266, [email protected], cn=SHAH KAIRAV KRISA KAIRAV Date: 2026.03.31 21:10:12 +05'30'
Krisa Shah (Company Secretary and Compliance Officer) Place: Ahmedabad
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Cloud Services
Managed IT Digital Enterprise | Services | Transformation | Applications |
Business Mobile Applications | Applications
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
Annexure-'A'
Details as required under the SEBI Listing Regulations read with SEBI circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023
| No. | Particulars of disclosure | Disclosure |
|---|---|---|
| a. | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year |
Revenue from the above products for FY 2024-25 was Rs. 3.97 lakhs i.e, 0.021% of the Consolidated Revenue of DEVIT Limited for FY 2024-25. The ByteSIGNER and Talligence are part of overall business structure of the company currently and its net worth is not separately tracked by the Company. The total net asset value of ByteSIGNER and Talligence for the year ended 31 March 2025 is approximately Rs. 8.75 crores, which constituted 12.74% of the total net worth of the Company for the financial year 2024-25. |
| b. | Date on which the agreement for sale has been entered into |
March 31, 2026 |
| c. | The expected date of completion of sale/disposal |
Closing of transaction (including receipt of Purchase consideration) is expected to be closed on or before 30 September, 2026 or any other mutually |
| d. | Consideration received from such sale/disposal |
Purchase consideration of Rs. 11.90 Crores (Rupees Eleven Crore Ninety Lakh Rupees). |
| e. | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof |
M/s Byte Technosys Private Limited specializes is engaged in the business of IT infrastructure management services, including remote server monitoring, helpdesk support, and other computer- related services and also Engaged in the business of Software Development and IT Consultancy The Buyer is an associate company of DEVIT, and the immediate relatives of the directors are directors in the buyer company. |
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Cloud Services
Managed IT Digital Enterprise Business Mobile | Services | Transformation | Applications | Applications | Applications
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
| f. | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” |
Yes, the transaction was conducted on an arm’s length basis, and the consideration has been arrived on the basis of an valuation determined by the registered valuer. |
|---|---|---|
| g. | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of Listing Regulations |
NA |
| h. | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale: |
The slump sale is on a standalone basis and not pursuant to amalgamation/merger. |
| Additional disclosures as the transaction is on slump sale basis: | ||
| i. | Name of the entity (ies) forming part of the Slump Sale, details in brief such as, size, turnover etc. |
Seller:Dev Information Technology Limited; Buyer: Byte Technosys Private Limited, Refer point (a) above for Turnover and Networth details. |
| j. | Area of business of the entity(ies) | Seller:Dev Information Technology Limited focuses on core business operations that revolve around managed IT services, cloud modernization, digital transformation, and application development. Buyer:Byte Technosys Private Limited focuses on IT infrastructure management services include proactive system monitoring, remote device management, end-user support, and cloud operations. With a strong focus on remote infrastructure management, we help businesses staysecure,scalable,and always operational. |
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Cloud Services
Digital | Transformation |
Mobile Applications
Managed IT | Services
Enterprise Applications |
Business Applications |
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
| k. | Rationale for Slump Sale | The proposed slump sale transfers the ongoing concern product and business to our associate related party company, driving operational efficiencies by eliminating redundancies, streamlining go-to-market channels, and expanding reach to our core customer base. This unlocks financial synergies through significant cost savings, improved profit margins, and enhanced revenue growth potential. It also ensures stronger regulatory compliance by consolidating oversight and mitigating compliance risks. Ultimately, the transaction bolsters the product portfolio, sharpens core capabilities, optimizes resource allocation, simplifies our corporate structure, and positions both entities for accelerated, sustainable long-term growth. This business also requires curated sales channels for partners and end customers. The business models need to be hosted on neutral platform for the company and external partners. Such neutral platform needs to be built in compliance with regional regulations. In this context, the business proposed to be transferred requires to be hosted in a separate stand-alone legal entity wherein global scaling in an agile manner is possible along with addressing the above. Repositioning the business to operate with a startup-like agility will enhance its valuation and attract strategic investors. |
|---|---|---|
| l. | In case of cash consideration – amount or otherwise share exchange ratio |
Purchase consideration of Rs. 11.90 Crores (Rupees Eleven Crore Ninety Lakh Rupees). |
| m. | Brief details of change in shareholding pattern (if any) of listed entity. |
Not Applicable. |
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Cloud Services
Digital | Transformation
Mobile Applications
Managed IT Services
Enterprise Applications
Business Applications
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