DEV INFORMATION TECHNOLOGY LIMITED — Major Shareholding Notification 2020

Sep 9, 2020

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 | info@devitpl.com

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

September 09, 2020 To, The Manager Listing Department, The National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400051

Dear Sir/Madam,

Sub: Disclosure under Regulation 10(7) 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

In accordance with the provisions of Regulation 10(7) 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, we have received report from the enclosed acquirers.

The requisite intimation and report under Regulation 10(5) and 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have already filed with the National Stock Exchange of India Ltd on July 21, 2020 and August 17, 2020 respectively.

The Report along under regulation 10(7) is enclosed herewith. Further the application fees of Rs. 1,50,000/‐ (One Lakh Fifty Thousand Only) is paid through NEFT vide UTR no.:‐ 76569681 on 08th September, 2020 and the payment advise mail is also enclosed herewith .

Kindly take the same on your record and oblige.

Thanking you,

Yours faithfully,

For Dev Information Technology Limited

KRISA RUPALKUMAR PATEL Digitally signed by KRISA RUPALKUMAR PATEL DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8 284d9736481ffbf9aac932a2e380bf46, serialNumber=0d148fb642ad1a5177d6ac789f6 41ce2a46a0172b9661a7716658794938a1af0, cn=KRISA RUPALKUMAR PATEL Date: 2020.09.09 17:38:12 +05'30'

Krisa Patel Company Secretary & Compliance Officer Place: Ahmedabad

Encl: a/a

Enterprise Applications | Enterprise Management | Cloud

September 09, 2020 To, Securities and Exchange Board of India Plot No. C4-A, 'G' Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400051

Dear Sir/Madam,

Sub: Disclosure under Regulation 10(7) 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 enclosed intimation under Regulation 10(7) in respect of acquisition of shares of M/s Dev Information Technology Limited made under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

We enclose herewith the payment receipt mail for Rs. 1,50,000/- through NEFT vide UTR no.:-765696810, towards non-refundable fees pursuant to the said regulation to following SEBI account:

	SECURITIES AND EXCHANGE BOARD OF INDIA
Name of Bank Account	Bank of India, Bandra Kurla Complex, Bandra
Name of Bank, Branch	(East), Mumbai 400051.
Saving Bank Account No	012210210000007
IFSC Code	BKID0000122

Kindly take this on your record and acknowledge the receipt of the same.

Thanking you.

Mete

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Date: 09.09.2020 Place: Ahmedabad

Encl: a/a

CC: Company Secretary & Compliance Officer Dev Information Technology Limited 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej Ahmedabad, Gj 380059.

Format under Regulation 10(7) - Report to SEBI in respect of any acquisition made in reliance up on exemption provided for in regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 $\sqrt{1}$

л.		General Details
		a. Name, address, telephone no., e-mail of
		acquirer(s) {In case there are multiple	Name: Mr. Jaimin Jagdishbhai Shah
		acquirers, provide full contact details of any	Address: 8, Satellite Society, B/H Central
		one acquirer (the correspondent acquirer)	Bank Of India Jodhpur Tekra, Ambawadi
		with whom SEBI shall correspond.}	Vistar Ahmedabad 380015, Gujarat
			Email ID: jaimin.shah@devitpl.com
	b.		Telephone: 9825009263
	C.	Whether sender is the acquirer (Y/N)	Y
		If not, whether the sender is duly authorized	NA
		by the acquirer to act on his behalf in this
	d.	regard (enclose copy of such authorization)
		Name, address, Tel no: and e-mail of the	NA
		sender, if sender is not the acquirer
$\overline{2}$		Compliance of Regulation 10(7)
	a.	Date of report	September 09, 2020
	b.	Whether report has been submitted to SEBI	Yes
		within 21 working days from the date of the
		acquisition
	C.	Whether the report is accompanied with	Yes
		fees as required under Regulation 10(7)
3		Compliance of Regulation 10(5)
	a.	Whether the report has been filed with the	Yes
		Stock Exchanges where the shares of the
		Company are listed, atleast 4 working days
		before the date of the proposed acquisition
	b.	Date of Report	July 21, 2020
		Compliance of Regulation 10(6)
	a.	Whether the report has been filed with the	Yes
		Stock Exchanges where the shares of the
		Company are listed within 4 working days
		after the date of the proposed acquisition
	b.	Date of Report
		Details of the Target Company (TC)	August 17, 2020
		Name & address of TC
			Dev Information Technology Limited
	a.		Address: 14, Aaryans Corporate Park, Near
			Shilaj Railway Crossing, Thaltej-Shilaj Road,
	b.	Name of the Stock Exchange(s) where the	Thaltej, Ahmedabad-380 059
		shares of the TC are listed	National Stock Exchange of India Ltd.
		Details of the acquisition	(Emerge)
	a.	Date of acquisition
	b.		August 13, 2020
		Acquisition price per share (in Rs.)	Not Applicable
			(Inter-se transfer of shares among the
			promoter & promoter group by way of gift

				and Transmission by Probat will certificate).
	C.	Regulation which would have been	Regulation 3(2)
		triggered an open offer, had the report not
		been filed under Regulation 10(7). (whether
		Regulation 3(1), 3(2), 4 or 5)
	d.	Shareholding of acquirer/s and PACs	Before	the
		individually in TC (in terms of no. & as a	acquisition			After the acquisition
		percentage of the total share/voting capital		$\%$ w.r.t		% w.r.t
		of the $TC)(*)$		total		total
				share		share
			of No. Shares	capital of	No. of	capita of
				TC	Shares	TC
		Name of the acquirer/s / PACs	As per Annexure I
	e.	Shareholding of seller/s in TC (in terms of	Before the
		no. & as a percentage of the total share/voting capital of the TC)	acquisition		After the acquisition
				$\%$ w.r.t		% w.r.t
				total		total
				share		share
			No. of	capital	No. of	capita
			Shares	of TC	Shares	of TC
		Name of the seller	351000	6.36	Nil	Nil
		1) Saryuben Mahendrabhai Shah 2) Manisha Mahendrakumar Shah	175500	3.18	Nil	Nil
		3) Madhuri Niranjanbhai Pandya#	337500	6.11	Nil	Nil
		4) Hemant Suryakant Shah	337500	6.11	Nil	Nil
$\overline{7}$		Information specific to the exemption category to which the instant acquisition belongs
		Regulation 10(1)(a)(i)
	a.	Provide the names of the seller/s		1) Saryuben Mahendrabhai Shah
				2) Manisha Mahendrakumar Shah
				3) Madhuri Niranjanbhai Pandya# 4) Hemant Suryakant Shah
	b.	Specify the relationship between the		All acquirer(s) and seller(s) are a part of the
		acquirer/s and the seller/s.		promoter and promoter group of TC
	C.	Confirm whether the acquirer/s and the	Yes
		seller/s are 'immediate relatives' as defined
		in the Regulation 2(I).
	d.	f shares frequently are traded,	NA
		volume-weighted average market price	Shares are transferred by way of gift without
		(VWAP) for a period of sixty trading days	any consideration and Transmission			by
		preceding the date of issuance of notice	Probate will certificate.
		regarding the proposed acquisition to the
		stock exchanges where the TC is listed.
	e.	infrequently traded, the f price as	NA
		determined in terms of clause (e) of
		sub-regulation (2) of regulation 8.
	f.	Confirm whether the acquisition price per	NA
		share is not higher by more than twenty-five
		nercent of the price as calculated in (d) or

	(e) above as applicable.
g.	Date of issuance of notice regarding the proposed acquisition to the stock exchanges where the TC is listed.	July 21, 2020
h.	Whether the acquirers as well as sellers have complied with the provisions of Chapter V of the Takeover Regulations (corresponding provisions of the repealed Takeover Regulations 1997) (Y/N). If yes, specify applicable regulation(s) as well as date on which the requisite disclosures were made along with the copies of the same.	Yes The acquirers as well as sellers have complied with the provisions of Chapter V of the Takeover Regulation. Disclosure filed with stock exchange on July 21, 2020 is attached in Annexure 2.
i.	Declaration by the acquirer that all the conditions specified under regulation $10(1)(a)(i)$ with respect to exemptions has been duly complied with.	We, hereby confirmed that all the conditions specified under regulation $10(1)(a)(i)$ with respect to exemptions has been duly complied with.

I/We hereby declare that the information provided in the instant report is true and nothing has been concealed there from.

20

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer) Date: 09.09.2020 Place: Ahmedabad

NOTE:

$\phi$

• (*) In case, percentage of shareholding to the total capital is different from percentage of voting rights, indicate percentage of $\bullet$ shareholding and voting rights separately.
• (#)Transmission of Equity Shares by way of Probate will certificate $\bullet$

The following abbreviations have been used all through the document: TC stands for 'Target Company', 'Takeover Regulations' stands for 'SEBI (Substantial Acquisition of Shares and Takeover Regulations) 2011

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

			Before the propose transaction	After the proposed transaction
Sr. No.	Name of the Shareholder	No. of Shares/ Voting Rights	% w.r.t. total share capital of TC	No. of Shares/ Voting Rights	$\frac{0}{6}$ w.r.t. total share capital of TC
1.	KRUTI PRANAV PANDYA	337500	6.11	337500	6.11
2.	MADHURI NIRANJANBHAI PANDYA (#)	337500	6.11	Nil	Nil
3.	HEMANT SURYAKANT SHAH (#)	337500	6.11	Nil	Nil
4.	SARYUBEN MAHENDRABHAI SHAH (#)	351000	6.36	Nil	Nil
5.	AMISHA JAYMINBHAI SHAH *	337500	6.11	864000	15.65
6.	PRATIBHABEN MOHANLAL DESAI	318750	5.77	318750	5.77
7.	JAIMIN JAGDISHBHAI SHAH *	297000	5.37	634500	11.49
8.	AARTI PRERAK SHAH	228000	4.12	228000	4.12
9.	PRERAK PRADYUMNA SHAH	187500	3.39	187500	3.39
10.	MANISHA MAHENDRAKUMAR SHAH (#)	175500	3.18	Nil	Nil
11.	PRANAV NIRANJANBHAI PANDYA	175500	3.17	175500	3.17
12.	SAPNA VISHAL VASU	172500	3.12	172500	3.12
13.	VISHAL NAGENDRA VASU	150000	2.71	150000	2.71
14.	JAYSHREEBEN JAGDISHBHAI SHAH	150000	2.71	150000	2.71
15.	VISHAL VASU HUF	75000	1.35	75000	1.35
16.	RAKHI JAGADISHBHAI SHAH	11475	0.20	11475	0.20
17.	JAGADISHBHAI CHINUBHAI SHAH	3375	0.06	3375	0.06
18.	MEETA HEMANT SHAH	2025	0.03	2025	0.03
19.	PRANAV NIRANJAN PANDYA HUF.*	82690	1.49	420190	7.61
20.	JAIMIN JAGDISHBHAI SHAH HUF.	82685	1.49	82685	1.49
	Total	3813000	69.07	3813000	69.07

$\frac{1}{\mu}$

(*) Acquirer(s)
(*) Seller(s)

New

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Jaimin Shah jaimin.shah@devitpl.com/jaimin.shah@devitpl.com
08 September 2020 18:08
Krisa Patel
Harshil Shah
RE: SEBI inter-se transfer Amount

Paid, below is detail..

Success ! Your request for Fund transfer submitted successfully.Please note the Reference ID:

765696810 for future communication.

E-RECEIPT FORTRANSFER FUNDS

Payee Name:Securities and Exchange Board Nickname:SEBI Credit Account No:012210210000007 Remarks:SEBI inter-se transfer Amount Debit Account:911010005610864 Date:08 Sep '20 Amount:Rs1,50,000.00(Rupees One Lakh Fifty Thousand and Zero Paisa only) Payment Type:One Time Payment Pay via:NEFT Please check the transaction status using 'Transaction status Enquiry' before re-initiating a fresh payment.

Regards, Jaimin Shah | Co‐Founder & Managing Director DEV Information Technology Ltd, India DEV Info‐Tech North America Ltd, Canada

any copies.

Date of Download : 21-Jul-2020

NSE Acknowledgement

Symbol:-	DEVIT
Name of the Company: -	Dev Information Technology Limited
Submission Type:-	Announcements
Short Description:-	Disclosure under SEBI Takeover Regulations
Date of Submission:-	21-Jul-2020 10:21:12 PM
NEAPS App. No:-	2020/Jul/6479/6487

Disclaimer : We hereby acknowledge receipt of your submission through NEAPS. Please note that the content and information provided is pending to be verified by NSEIL.

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 | info@devitpl.com

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

Date: July, 21 2020 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

In accordance with the provisions of 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, we have received intimation from and on behalf all acquirer(s) for the following proposed transfer:

Name of Transferor/Seller (Donor)	Name of Transferee/ Acquiror (Donee)	No. of shares proposed to be transferred	% holding
Saryuben Mahendrabhai Shah	Amisha Jayminbhai Shah	351000	6.36%
Manisha Mahendrakumar Shah	Amisha Jayminbhai Shah	175500	3.18%
Madhuri Niranjanbhai Pandya	Pranav Niranjan Pandya HUF.	337500	6.11%
Hemant Suryakant Shah	Jaimin Jagdishbhai Shah	337500	6.11%
TOTAL		1201500	21.76%

All the shares as aforementioned are inter‐se transfer amongst promoter group by way of gift and Transmission of shares by way of Probate will certificate and without any consideration.

In this connection under Regulation 10(5) for the aforementioned acquisition received from the acquirer is enclosed herewith.

Kindly take the note of above information on record and oblige.

Thanking you,

Yours faithfully, For DEV INFORMATION TECHNOLOGY LIMITED,

Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad Encl: a/a

Enterprise Applications		Enterprise Mobility		Infrastructure Management		Cloud Computing		Digital Services		Licensing

July 21, 2020

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.

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All 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 10(1)(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. Amisha Jayminbhai Shah
			2. Pranav Niranjan Pandya HUF .
			3. Jaimin Jagdishbhai Shah
3.		Whether the acquirer(s) is/ are promoters of	All acquirer(s) are a part of the promoter
		the TC prior to the transaction. If not, nature	and promoter group of TC
		of relationship or association with the TC or
		its promoters
4.		Details of the proposed acquisition
	a.	Name of the person(s) from whom	1. Saryuben Mahendrabhai Shah
		shares are to be acquired	2. Manisha Mahendrakumar Shah
			3. Madhuri Niranjanbhai Pandya
			4. Hemant Suryakant Shah
	b.	Proposed date of acquisition	On or after July, 28 2020
	c.	Number of shares to be acquired	I. Saryuben Mahendrabhai Shah
		from each person mentioned in 4(a)	proposes to transfer 351000
		above	(i.e.6.36%) equity shares by way of gift
			to Amisha Jayminbhai Shah.
			II. Manisha Mahendrakumar Shah
			proposes to transfer 175500 (i.e.
			3.18%) equity shares by way of gift to
			Amisha Jayminbhai Shah. III. Transmission of shares from Late
			Madhuri Niranjanbhai Pandya to
			Pranav Niranjan Pandya HUF by way
			of Probat will certificate for 337500
			(i.e. 6.11%) equity shares.
			IV. Hemant Suryakant Shah proposes to
			transfer 337500 (i.e. 6.11%) equity
			shares by way of gift to Jaimin
			Jagdishbhai Shah
	d.	Total shares to be acquired as % of	Up to 1201500 equity shares constituting
		share capital of TC	21.76% if the total shares capital of the
			TC.
	e.	Price at which shares are proposed	N.A.
		to be acquired
	f.	Rationale, if any, for the proposed	Inter‐se transfer of shares among the

	transfer			promoter & promoter group by way of
		certificate.		gift and Transmission by Probat will
5.	Relevant sub‐clause of regulation 10(1)(a)	10(1)(a)(i)
	under which the acquirer is exempted from
	making open offer
6.	If, frequently traded, volume weighted	N.A.
	average market price for a period of 60
	trading days preceding the date of issuance
	of this notice as traded on the stock
	exchange where the maximum volume of
	trading in the shares of the TC are recorded
	during such period.
7.	If in‐frequently traded, the price as determined in terms of clause (e) of	N.A.
	sub‐regulation (2) of regulation 8.
8.	Declaration by the acquirer, that the	N.A.
	acquisition price would not be higher by
	more than 25% of the price computed in
	point 6 or point 7 as applicable.
9.	Declaration by the acquirer, that the	We hereby declare that the transferor
	transferor and transferee have complied /	and	transferee have	complied	/ will
	will comply with applicable disclosure	comply	with	applicable	disclosure
	requirements in Chapter V of the Takeover	requirements	in	Chapter V	of the
	Regulations, 2011 (corresponding provisions	Takeover		Regulations,	2011
	of the repealed Takeover Regulations 1997)			(corresponding provisions of the repealed
10.	Declaration by the acquirer that all the	Takeover Regulations 1997)		We hereby declare that all conditions
	conditions specified under regulation			specified under regulation 10(1)(a) with
	10(1)(a) with respect to exemptions has			respect to exemptions has been complied
	been duly complied with.	with.
11.	Shareholding details	Before the proposed		After the proposed
		transaction		transaction
		No. of	% w.r.t	No. of	% w.r.t
		shares	total	shares	total
		/voting	share	/voting	share
		rights	capital	rights	capital
			of TC		of TC
	Acquirer(s) and PACs
	(other than sellers)(*)	2611500	47.31	3813000	69.07
	(Refer Annexure I) Seller Gift/Transmission by
	1. Saryuben Mahendrabhai Shah	351000	6.36	Nil	Nil

2. Manisha Mahendrakumar Shah	175500	3.18	Nil	Nil
3. Madhuri Niranjanbhai Pandya (#)	337500	6.11	Nil	Nil
4. Hemant Suryakant Shah	337500	6.11	Nil	Nil

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.

• Transmission of Equity Shares by way of Probate will certificate

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Date: 21.07.2020 Place: Ahmedabad

			Before the propose transaction	After the proposed transaction
Sr. No.	Name of the Shareholder	No. of Shares/ Voting Rights	% w.r.t. total share capital of TC	No. of Shares/ Voting Rights	% w.r.t. total share capital of TC
	Acquirer(s) and PACs (other than seller)
1	KRUTI PRANAV PANDYA	337500	6.11	337500	6.11
2.	AMISHA JAYMINBHAI SHAH *	337500	6.11	864000	15.65
3.	PRATIBHABEN MOHANLAL DESAI	318750	5.77	318750	5.77
4.	JAIMIN JAGDISHBHAI SHAH *	297000	5.37	634500	11.49
5.	AARTI PRERAK SHAH	228000	4.12	228000	4.12
6.	PRERAK PRADYUMNA SHAH	187500	3.39	187500	3.39
7.	PRANAV NIRANJANBHAI PANDYA	175500	3.17	175500	3.17
8.	SAPNA VISHAL VASU	172500	3.12	172500	3.12
9.	VISHAL NAGENDRA VASU	150000	2.71	150000	2.71
10.	JAYSHREEBEN JAGDISHBHAI SHAH	150000	2.71	150000	2.71
11.	VISHAL VASU HUF	75000	1.35	75000	1.35
13.	RAKHI JAGADISHBHAI SHAH	11475	0.20	11475	0.20
14.	JAGADISHBHAI CHINUBHAI SHAH	3375	0.06	3375	0.06
15.	MEETA HEMANT SHAH	2025	0.03	2025	0.03
16.	PRANAV NIRANJAN PANDYA HUF .*	82690	1.49	420190	7.61
17.	JAIMIN JAGDISHBHAI SHAH HUF .	82685	1.49	82685	1.49
	Total	2611500	47.31	3813000	69.07

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

(*) Acquirer(s)

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Date of Download : 17-Aug-2020

NSE Acknowledgement

Symbol:-	DEVIT
Name of the Company: -	Dev Information Technology Limited
Submission Type:-	Announcements
Short Description:-	Disclosure under SEBI Takeover Regulations
Date of Submission:-	17-Aug-2020 05:42:51 PM
NEAPS App. No:-	2020/Aug/5372/5383

Disclaimer : We hereby acknowledge receipt of your submission through NEAPS. Please note that the content and information provided is pending to be verified by NSEIL.

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 | info@devitpl.com

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

Date:‐ August 17,2020 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(6) 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:‐

In accordance with the provisions of Regulation 10(6) 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, we have received intimation from acquirer for the following acquisition:

Name of Transferor/Seller (Donor)	Name of Transferee/ Acquiror (Donee)	No. of shares proposed to be transferred	% holding
Saryuben Mahendrabhai Shah	Amisha Jayminbhai Shah	351000	6.36%
Manisha Mahendrakumar Shah	Amisha Jayminbhai Shah	175500	3.18%
Madhuri Niranjanbhai Pandya	Pranav Niranjan Pandya HUF.	337500	6.11%
Hemant Suryakant Shah	Jaimin Jagdishbhai Shah	337500	6.11%
TOTAL		1201500	21.76%

All the shares as aforementioned are inter‐se transfer amongst promoter group by way of gift and without any consideration.

In this connection under Regulation 10(6) for the aforementioned acquisition received from the acquirer is enclosed herewith.

Kindly take the note of above information on record and oblige.

Yours faithfully, For DEV INFORMATION TECHNOLOGY LIMITED,

Krisa Patel Company Secretary and Compliance Officer Place: Ahmedabad Encl: a/a

Date:- August" 2020

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

Dear Sir/Madam,

Sub: Intimation under Regulation 10(6) 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 aU,ached intimation under Regulation 10(6) in respect of 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.

Thanking you.

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Date: 11·,,08.2020 \ Place: Ahmedabad

End: a/a

CC: Company Secretary & Compliance Officer Dev Information Technology Limited 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej Ahmedabad ,Gj 380059.

Format for Disclosures under Regulation 10(6) -Report to ~tock Exchanges in ,respect of arx acquisitlqn rpade in reliance upqn exemption prqvided for in Regulation 10 of SEBI (Substantial Acguisitlon of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)	Dev Information Technology Limited
2.	Name of the acquirer(s)	1. Amisha Jayminbhai Shah
		2. Pranav Niranjan Pandya HUF .
I		3. Jaimin Jagdishbhai Shah
3.	Name of the stock exchange where shares of	National Stock Exchange of India Ltd. (Emerge)
	the TC are listed
4.	Details of the transaction including rationale, if	Inter-se transfer of shares among the promoter
	any, for the transfer/ acquisition of shares.	& promoter group by way of gift and
		Transmission by Probat will certificate.
5	Relevant regulation under which the acquirer is	10(1)(a)(i)
	exempted from making open offer.
6.	Whether disclosure of proposed acquisition was	Yes
	required to be made under regulation 10 (5)
	and if so,
	- whether disclosure was made and whether	Yes
	it was made within the timeline specified
	under the regulations.
	- date of filing with the stock exchange.	July 21, 2020 with National Stock Exchange of
		India Ltd. (Emerge)
7.	Details of acquisition	Disclosures required to	Whether the
		be made under	disclosures under
		regulation 10(5)	regulation 10(5) are
			actually made
	a. Name of the transferor / seller	1. Saryuben	Yes
		Mahendrabhai Shah
		2. Manisha	Yes
		Mahendrakumar Shah
		3. Madhuri Niranjanbhai Pandya (#)	Yes
		4. Hemant Suryakant	Yes
		Shah
	b. Date of acquisition	Anytime after 4 working	Yes disclosure was
		days from the date of	made on July 21,
		the intimation dated	2020; actual
		July 21,2020 i.e. on or	acquisition made on
		after July 28, 2020	August 13,2020
	c. Number of shares/ voting rights in respect of	As per Annexure I	As per Annexure I
	the acquisitions from each person mentioned in
	7(a) above
	d. Total shares proposed to be acquired /	1201500 shares	1201500 shares
	actually acquired as a % of diluted share capital	constituting 21.76 of	constituti ng 21.76%
	onc	total share capital of the	of total share capital
		TC	of the TC

	e. Price at which shares are proposed to be acquired I actually acquired	Inter-se transfer amongst promoter group by way of gift and Transmission of shares by way of Probate will certificate and without any consideration		Inter-se transfer amongst promoter group by way of gift and Transmission of shares by way of Probate will certificate and without any consider:ation
8.	Shareholding details	Pre-Transaction		Post-Transaction
		No. of shares held	%w.r.t total share capital of Te	No. of shares held	%w.r.t total share capital ofTe
	a. Each Acquirer I Transferee{*)
	1. Amisha Jayminbhai Shah	337500	6.11	864000	15.65
	2. Pranav Niranjan Pandya HUF .	82690	1.49	420190	7.61
	3. Jaimin Jagdishbhai Shah	297000	5.37	634500	11.48
	Total	7,17,190	12.98%	19,18,690	34.75%
	b. Each Seller I Transferor
	1. Saryuben Mahendrabhai Shah	351000	6.36	Nil	Nil
	2. Manisha Mahendrakumar Shah	175500	3.18	Nil	Nil
	3. Madhuri Niranjanbhai Pandya#	337500	6.11	Nil	Nil
	4. Hemant Suryakant Shah	337500	6.11	Nil	Nil

Note:

• (*) Shareholding of each entity shall 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.
• (#)Transmission of Equity Shares by way of Probate will certificate

Mr. Jaimin ~J:- Jagdishbhai Shah (For and On behalf of All Acquirer)

Date: 1'1-08.2020 Place: Ahmedabad Annexure I

Sr N	Name of the seller/ transferor (Donor)	Name of acquirer/ transferee (Donee)	Disclosure made under regulation 10(5)		Actual transaction
o.			Maximu m no. of shares of TCto be acquired	Perce ntage of total share s of TC (%)	No. of shares of TC acquired	Perce ntage of total share s of TC (%)	Price (Rs.)
1.	Saryuben MahendrabhaiShah	Amisha Jayminbhai Shah	351000	6.36	351000	6.36	All the shares are inter-se transfer amongst promoter group by way of gift and Transmission of shares by way of Probate will certificate and
2.	Manisha Mahendrakumar Shah	Amisha Jayminbhai Shah	175500	3.18 I	175500	3.18
3.	Madhuri Niranjanbhai Pandya	Pranav Niranjan Pandya HUF.	337500	6.11	337500	6.11
4.	Hemant Suryakant Shah	Jaimin Jagdishbhai Shah	337500	6.11	337500	6.11	without any consideration
Total		1201500	21.76	1201500	21.76

~tt.-

Mr. Jaimin Jagdishbhai Shah (For and On behalf of All Acquirer)

Date: 1'1'·08.2020 Place: Ahmedabad