DEV INFORMATION TECHNOLOGY LIMITED — Major Shareholding Notification 2019

Mar 19, 2019

March 18, 2019

To, The Manager The National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

Dear Sir/Madam,

Sub: Intimation under Regulation 10(5) for intention for an Inter-se transfer amongst immediate relatives under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Please find attached intimation under Regulation 10(5) in respect of proposed acquisition of shares of M/s Dev Information Technology Limited under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This is for your information and records.

Thank you.

Sarayo m. sud

Mrs. Saryuben M. Shah (Acquirer)

Encl: a/a

CC: Company Secretary & Compliance Officer

Dev Information Technology Limited

14, Aaryans Corporate Park,

Nr. Shilaj Railway Crossing, Thaltej Ahmedabad-380059.

Disclosures under Regulation 10(5) -Intimation to Stock Exchanges in respect of acquisition under Regulation lO(l)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.		Name of the Target Company (TC)	Dev Information Technology Limited
2.		Name of the acquirer(s}	1. Mrs. Saryuben M. Shah
3.	promoters	Whether the acquirer(s} is/ are promoters of theTC prior to the transaction. If not, nature ofrelationship or association with the TC or its	All acquirer(s) are a part of the promoter andpromoter group of TC
4.	Details ofthe proposed acquisition
	a.	Name of the person(s} from whomshares are to be acquired	1. Mrs. Niranjana S. Jambudi2. Mrs. Urmila 5. Parikh
	b.	Proposed date of acquisition	On or after March, 26 2019
	c.	Number of shares to be acquired fromeach person mentioned in 4(a) above	Mrs. Niranjana S. Jambudi proposes toI.transfer 6750 (i.e.0.12%} equity shares byway of gift to Mrs. Saryuben M. ShahMrs. Urmila S. Parikh proposes to transferII.6750 (i.e. 0.12%} equity shares by way ofgift to Mrs. Saryuben M. Shah.
	d.	Total shares to be acquired as % ofshare capital ofTC	Up to 13500 equity shares constituting 0.24%if the total shares capital of the TC.
	e.	Price at which shares are proposed tobe acquired	N.A.
	f.	Rationale, if any, for the proposedtransfer	lnter-se transfer of shares among thepromoter & promoter group by way of gift
5.	open offer	Relevant sub-clause of regulation 10(1}(a} underwhich the acquirer is exempted from making	10(1}(a}(i}
6.	traded	If, frequently traded, volume weighted averagemarket price for a period of 60 trading dayspreceding the date of issuance of this notice aswhereonthestockexchangethemaximum volume of trading in the shares of theTC are recorded during such period.	N.A.
7.	regulation 8.	If In-frequently traded, the price as determinedin terms of clause (e) of sub-regulation (2) of	N.A.
8.	applicable.	Declaration by the acquirer, that the acquisitionprice would not be higher by more than 25% ofthe price computed in point 6 or point 7 as	N.A.

9.	Declaration by the acquirer, that the transferorand transferee have complied I will comply withapplicable disclosure requirements in Chapter VofTakeoverRegulations,2011the(correspondingprovisionsoftherepealedTakeover Regulations 1997)	theTakeoverTakeover Regulations 1997)	We hereby declare that the transferor andtransferee have complied I will comply withapplicable disclosure requirements in ChapterRegulations,2011(corresponding provisions of the repealed
10.	Declarationbytheacquirerthatalltheconditions specified under regulation 10(1)(a)with respect to exemptions hasbeen dulycomplied with.	Weherebydeclarethatallconditionsspecifiedunderregulation10(1)(a)withrespect to exemptions has been compliedwith.
11.	Shareholding details	Before the proposedtransaction		After the proposedtransaction
		No. ofshares/votingrights	%w.r.ttotalsharecapital ofTC	No. ofshares/votingrights	% w.r.ttotalsharecapitalofTC
	Acquirer(s) and PACs(other than sellers)(*)(Refer Annexure I)	3795000	68.74	3808500	68.98
	~Gift by1) Mrs.Niranjana S. Jambudi2) Mrs. Urmila S. Parikh	67506750	0.120.12	NilNil	NilNil

Note:

• (*) Shareholding of each entity may be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

(Mrs. Saryuben M. Shah)

Date: I '8- 0 3 - lO I 9 Place: Ahmedabad

Annexure -I: Shareholding of Acquirer(s) and PACs (other than seller)

		Before the proposetransaction		After the proposedtransaction
	Name of the Shareholder	No. ofShares/Voting Rights	%w.r.t.total sharecapital ofTC	No. ofShares/VotingRights	%w.r.t.total sharecapital ofTC
	Acquirer(s) and PACs (other than seller)
1	AMISHA JAYMINBHAI SHAH	337500	6.1136	337500	6.1136
2	KRUTI PRANAV PANDYA	337500	6.1136	337500	6.1136
3	MADHURI NIRANJANBHAI PANDYA	337500	6.1136	337500	6.1136
4	HEMANT SURYAKANT SHAH	337500	6.1136	337500	6.1136
5	SARYUBEN MAHENDRABHAI SHAH(*)	337500	6.1136	351000	6.3582
6	PRATIBHABEN MOHANLAL DESAI	318750	5.7739	318750	5.7739
7	JAIMIN JAGDISHBHAI SHAH	297000	5.3799	297000	5.3799
8	AARTI PRERAK SHAH	228000	4.1301	228000	4.1301
9	PRERAK PRADYUMNA SHAH	187500	3.3964	187500	3.3964
10	PRANAV NIRANJANBHAI PANDYA	175500	3.1791	17500	3.1791
11	SAPNA VISHAL VASU	168000	3.0432	168000	3.0432
12	VISHAL NAGENDRA VASU	150000	2.7171	150000	2.7171
13	JAYSHREEBEN JAGDISHBHAI SHAH	150000	2.7171	150000	2.7171
14	PRANAV NIRANJAN PANDYA HUF.	82690	1.4979	82690	1.4979
15	JAIMIN JAGDISHBHAI SHAH HUF .	82685	1.4979	82685	1.4979
16	VISHAL VASU HUF	75000	1.3586	75000	1.3586
17	RAKHI JAGADISHBHAI SHAH	11475	0.2079	11475	0.2079
18	JAGADISHBHAI CHINUBHAI SHAH	3375	0.0611	3375	0.0611
19	MANISHA MAHENDRAKUMAR SHAH	175500	3.18	175500	3.18
20	MEET A HEMANT SHAH	2025	0.0367	2025	0.0367
	Total	3795000	68.74	3808500	68.98

(*) Acquirer(s)

..

So.. o""" ~ u M - sIn c:vL...

(Mrs. Saryuben M. Shah)