Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

DEV INFORMATION TECHNOLOGY LIMITED Capital/Financing Update 2026

Mar 27, 2026

59295_rns_2026-03-27_0db938b4-b4b3-4731-9a95-917fb78be08f.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

Date: March 27, 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: Outcome of Board Meeting held on Friday, March 27, 2026 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”)

Respected Sir/Madam,

With reference to the captioned subject, we would like to inform you that the Board of Directors of Dev Information Technology Limited (the “Company”) in its Meeting held on Friday, March 27, 2026 at 04:30 P.M. at the registered office of the company, inter alia, discussed and approved following businesses:

  1. Considered and approved allotment of equity shares under “Dev Information Technology Limited Employee Stock Option Plan – 2018”:

The Board at its meeting held today, has approved allotment of 28,482 (Twenty-eight thousand four hundred eighty-two Only) equity shares of face value of Rs. 2/- each to the eligible Employees of the Company who have exercised their stock options under “Dev Information Technology Limited Employee Stock Option Plan – 2018”. These shares shall rank pari passu with the existing equity shares of the Company in all respects. In this allotment, none shares are allotted to the Director(s) of the Company.

The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure A.

  1. The Board has approved the investment in 3986 equity shares of M/s Byte Technosys Private Limited.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is annexed herewith as Annexure B.

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Managed IT Digital | Services | Transformation |

Business Mobile Applications | Applications

Enterprise Applications |

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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

  1. Pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that M/s. Dev Information Technology Limited (‘the holding Company’) is extending Corporate Guarantee for M/s Dhyey Consulting Services Private Limited (Wholly Owned Subsidiary) to avail working capital and other short term facilities from The Kalupur Commercial Co-op Bank for an amount upto Rs. 130.75 Lakhs.

Further, the details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 & BSE’s Circular No. 20230714-34 dated July 14, 2023 & NSE’s Circular No. NSE /CML/2023/57 dated July 14, 2023 , with respect to the said Corporate Guarantee, is given in Annexure-C .

Details as required to be disclosed as per BSE’s Circular No. 20230714-34 dated July 14, 2023, and NSE’s Circular No. NSE /CML/2023/57 dated July 14, 2023, are as under:

The meeting commenced at 04:30 P.M. and concluded at 05:05 P.M.

Kindly take the above information on your records.

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=0d148fb642ad1a5177d6ac789f641ce2a46a0172b9661 a7716658794938a1af0, pseudonym=4f06fe3cae2b49e5bf0634c6d7548178, 2.5.4.20=85084771729dcbf53eeb59ca8816c302300d8440cb27e3444 c7c94d4181b4266, [email protected], cn=SHAH KRISA KAIRAV Date: 2026.03.27 17:07:44 +05'30'

SHAH KRISA KAIRAV

Krisa Shah (Company Secretary and Compliance Officer) Place: Ahmedabad

|

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Digital | Transformation |

Business Mobile | Applications | Applications

Managed IT Services

Enterprise 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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

Annexure A

SN Particulars Details


1. Brief details of stock
options granted		 Grant of66,936stock options on January 17, 2025 (Each stock option
is convertible into one (1) equity share of DEVIT having a face value of
Rs. 05/- each)
At the time of grant of ESOPs, the face value of equity share was ₹5 per share.
Subsequently, the Company underwent a corporate action of stock split with effect from
21st August 2025. Accordingly, the face value of equity shares is been sub-divided to ₹2
each, and the ESOPs have been adjusted retrospectively to reflect this change
2. Whether the scheme is
in terms of SEBI(SBEB)
Regulations, 2014
Yes, The Scheme is prepared in accordance with the provisions of
Securities and Exchange Board of India (Share Based Employee Benefits)
Regulation 2014
3. Total number of
shares
covered by these		 1,67,340 equity shares
4. 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 the Companies Act 2013
read with the Dev Information Technology Limited Employee Stock
Option Plan - 2018, options granted are subject to a minimum Vesting
Period of 1 (One) year.
5. Options vested 1,67,340 equity shares
6. Exercise Period 45 (forty-Five) days from the first vesting date
7. Options exercised 28,482 equity shares (Each stock option is convertible into one (1)
equity share of DEVIT having a face value of Rs. 02/- each)
8. Exercise Price Rs. 24.50/- per stock option
9. Money realized by
exercise of options		 Rs. 6,97,809
10. The total number of
shares arising as a
result of exercise of
option		 28,482 equity shares
11.
Options lapsed;		 1,38,858
12. Variation of terms of
options		 NA

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Managed IT Digital Enterprise Business | Services | Transformation | Applications | Applications |

Mobile 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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

13. Brief details of
significant terms		 NA
14. Subsequent changes or
cancellation or exercise
of such options
NO
15. Diluted earnings per
share pursuant to issue
of equity shares on
exercise of options.		 NA
16. Change in paid up
capital post issue of
equity shares on
exercise of options.
Post Issue
No. of shares 5,63,63,714
Paid up capital (Rs.) Rs. 11,27,27,428

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Digital Enterprise Business Mobile | Transformation | Applications | Applications | Applications

Managed IT | Services

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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

Annexure B

Particulars Details
Name of the target entity, details in brief
such as size, turnover etc.		 i. Name of the Target Entity:M/s Byte
Technosys Private Limited
ii. Business of the Target Entity: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.
iii. Financial details:The financial statements
for FY 2024-25 reflect 729.98 turnover, with
total paid-up share capital of Rs. 1,00,000
divided into 10,000 equity shares of Rs. 10
each.
Whether the acquisition would fall within
related party transaction(s) and whether
the promoter/ promoter group/ group
companies have any interest in the entity
being acquired? If yes, nature of interest
and details thereof and whether the same
is done at “arm’s length”		 Yes, The proposed investment in equity shares
of M/s Byte Technosys Private Limited will be
executed at a price determined in accordance
with the valuation report obtained from an
independent
registered
valuer,
and
accordingly,
the
transaction
is
being
undertaken at arm’s length.
Industry to which the entity being acquired
belongs		 Engaged in the business of IT infrastructure
management services, including remote
server monitoring, helpdesk support, and
other computer-related services.
objects and effects of acquisition
(including but not limited to, disclosure of
reasons for acquisition of target entity, if
its business is outside the main line of
business of the listed entity);		 DevIT's main objective behind the investment
of shares in Byte Technosys Private Limited is
to Boost Startup Ecosystem: This investment
signals confidence in emerging tech ventures,
fostering innovation and growth in India's
vibrant startup landscape.
Advance Intellectual Properties (IPs): Direct
infusion will accelerate R&D, protect and
commercialize keyIPs,positioningthe

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Digital | Transformation

Mobile Applications

Managed IT | Services

Enterprise Business 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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

company as a leader in [specific tech area,
e.g., AI/ML].
Fundraising Catalyst: A strong anchor
investment at this valuation will attract top-
tier VCs and institutions, enabling a follow-on
round at higher multiples and fueling scalable
expansion.
Brief details of any governmental or
regulatory approvals required for the
acquisition		 N.A.
Nature of consideration - whether cash
consideration or share swap and details of
the same;		 Cash
consideration,
by
way
of
investment/subscription to equity shares of
the target entity.
Cost of acquisition or the price at which
the shares are acquired		 The cost of acquiring 3,986 equity shares is Rs.
386,642, representing a 28.50% ownership
stake in the company.
Percentage of shareholding / control
acquired and / or number of shares
acquired		 The Company will invest 28.50% equity shares
of Byte Technosys Private Limited . Post to
this investment, the Company’s shareholding
will be 28.50% in Byte Technosys Private
Limited.
Brief background about the entity acquired
in terms of products/line of business
acquired, date of incorporation, history of
last 3 years turnover, country in which the
acquired entity has presence and any other
significant information (in brief)		 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. The company is
registered under the Companies Act, 2013
having CIN No. U72900GJ2006PTC047470,
incorporated on 06/01/2006. The authorised
share capital of the Company is ₹100,000
divided into 10,000 equity shares of ₹10
each. The issued, subscribed and paid-up
share capital is ₹100,000 divided into 10,000
equity
shares
of
₹10
each.
Duringlast three financialyears, the details of

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Managed IT Digital Enterprise Business | Services | Transformation | Applications | Applications |

Mobile 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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

turnover of M/s Byte Technosys Private Limited were as follows: FY 2024-25: Rs. 729.98 FY 2023-24: NIL FY 2022-23: Rs. 49.78

|

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Managed IT Digital Enterprise Business Mobile Services | Transformation | Applications | Applications | Applications

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]

==> picture [145 x 51] intentionally omitted <==

Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479

Annexure C

Annexure C
Particulars Details
Name of party for which such guarantees or
indemnity or surety was given		 M/s Dhyey Consulting Services Private Limited(Wholly Owned
Subsidiary)
Whether the promoter/ promoter group/
group companies have any interest in this
transaction? If yes, nature of interest and
details thereof and whether the same is done
at “arm’s length		 M/s Dhyey Consulting Services Private Limited(Wholly Owned
Subsidiary)
None of the Promoters or Members of the Promoters Group or
Directors of the Company is interested.
The transaction is done at Arm’s Length Basis
Brief details of such guarantee or indemnity
or becoming a surety viz. brief details of
agreement entered (if any) including
significant terms and conditions, including
amount of guarantee.		 The Company has issued Corporate Guarantee in favour ofThe
Kalupur Commercial Co-op Bankto facilitateM/s Dhyey
Consulting Services Private Limited to secure working capital and
other short-term facilitiesupto Rs. 130.75 Lakhs.
Impact of such guarantees or indemnity or
surety on listed entity.		 This guarantee has been provided on behalf of a Wholly
Owned Subsidiary of the Company which is part of the
consolidated group. At this point, there is no impact of this
guarantee on the Company other than disclosure in the
Financial Statements as a Contingent Liability.

==> picture [595 x 13] intentionally omitted <==

Cloud Services

Managed IT Digital Enterprise Business Mobile | Services | Transformation | Applications | Applications | Applications

More from DEV INFORMATION TECHNOLOGY LIMITED

Regulatory Filings 2026
May 22
Capital/Financing Update 2026
May 8
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 7
Regulatory Filings 2026
Apr 29
Regulatory Filings 2026
Apr 23
Regulatory Filings 2026
Apr 22
Regulatory Filings 2026
Apr 14
Regulatory Filings 2026
Apr 10
Capital/Financing Update 2026
Apr 9
View all filings →