DEV INFORMATION TECHNOLOGY LIMITED — Major Shareholding Notification 2020

Jul 22, 2020

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 ofgift and Transmission by Probat will
5.	Relevant sub‐clause of regulation 10(1)(a)under which the acquirer is exempted frommaking open offer	certificate.10(1)(a)(i)
6.	If,frequentlytraded,volumeweightedaverage market price for a period of 60trading days preceding the date of issuanceofthisnoticeastradedonthestockexchange where the maximum volume oftrading in the shares of the TC are recordedduring such period.	N.A.
7.	Ifin‐frequentlytraded,thepriceasdeterminedintermsofclause(e)ofsub‐regulation (2) of regulation 8.	N.A.
8.	Declarationbytheacquirer,thattheacquisition price would not be higher bymore than 25% of the price computed inpoint 6 or point 7 as applicable.	N.A.
9.	Declarationbytheacquirer,thatthetransferor and transferee have complied /willcomplywithapplicabledisclosurerequirements in Chapter V of the TakeoverRegulations, 2011 (corresponding provisionsof the repealed Takeover Regulations 1997)	We hereby declare that the transferorandtransfereehavecomplied/willcomplywithapplicabledisclosurerequirementsinChapterVoftheTakeoverRegulations,2011(corresponding provisions of the repealedTakeover Regulations 1997)
10.	Declaration by the acquirer that all theconditionsspecifiedunderregulation10(1)(a) with respect to exemptions hasbeen duly complied with.	We hereby declare that all conditionsspecified under regulation 10(1)(a) withrespect to exemptions has been compliedwith.
11.	Shareholding details	Before the proposedtransaction		After the proposedtransaction
		No. ofshares/votingrights	% w.r.ttotalsharecapitalof TC	No. ofshares/votingrights	% w.r.ttotalsharecapitalof TC
	Acquirer(s) and PACs(other than sellers)(*)(Refer Annexure I)	2611500	47.31	3813000	69.07
	Seller Gift/Transmission by1. 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 proposetransaction		After theproposedtransaction
Sr.No.	Name of the Shareholder	No. ofShares/VotingRights	% w.r.t.total sharecapital ofTC	No. ofShares/VotingRights	%w.r.t.totalsharecapitalof 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)