DEV INFORMATION TECHNOLOGY LIMITED — Major Shareholding Notification 2020

Jul 21, 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

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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,

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

Enterprise Enterprise Infrastructure Cloud Digital Applications | Mobility | Management | Computing | Services |

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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.

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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)	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 the TC prior to the transaction. If not, nature of relationship or association with the TC or itspromoters		All acquirer(s) are a part of the promoter and promoter group of TC
4.	Details	of the proposed acquisition
	a.	Name of the person(s) from whom shares are to be acquired	1. Saryuben Mahendrabhai Shah 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 from each person mentioned in 4(a) above	I. Saryuben Mahendrabhai Shah proposes to transfer 351000 (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 share capital of TC	Up to 1201500 equity shares constituting 21.76% if the total shares capital of the TC.
	e.	Price at which shares are proposed to be acquired	N.A.
	f.	Rationale,if any,for theproposed	Inter‐se transfer of shares amongthe

			transfer	promoter & promoter group by way of gift and Transmission by Probat will certificate.	promoter & promoter group by way of gift and Transmission by Probat will certificate.	promoter & promoter group by way of gift and Transmission by Probat will certificate.	promoter & promoter group by way of gift and Transmission by Probat will certificate.
5.		Relevant sub‐clause of regulation 10(1)(a) under which the acquirer is exempted from makingopen offer		10(1)(a)(i)
6.		If, frequently traded, volume weighted 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 duringsuchperiod.		N.A.
7.		If in‐frequently traded, the price as determined in terms of clause (e) of sub‐regulation(2)of regulation 8.		N.A.
8.		Declaration by the acquirer, that the acquisition price would not be higher by more than 25% of the price computed in point 6 orpoint 7 as applicable.		N.A.
9.		Declaration by the acquirer, that the transferor and transferee have complied / will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997)		We hereby declare that the transferor and transferee have complied / will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997)
10.		Declaration by the acquirer that all the conditions specified under regulation 10(1)(a) with respect to exemptions has been dulycomplied with.		We hereby declare that all conditions specified under regulation 10(1)(a) with respect to exemptions has been complied with.
11.		Shareholding details		Before the proposed transaction		After the proposed transaction
				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 sellers)() (Refer Annexure I)*		2611500	47.31	3813000	69.07
		~~Seller~~Gift/Transmission by 1. Saryuben Mahendrabhai Shah		351000	6.36	Nil	Nil

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

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Mr. Jaimin Jagdishbhai Shah

(For and On behalf of All Acquirer)

Date: 21.07.2020 Place: Ahmedabad

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

Sr. No.	Name of the Shareholder	Before the propose transaction	Before the propose transaction	After the proposed transaction	After the proposed transaction
		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

(*) Acquirer(s)

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Mr. Jaimin Jagdishbhai Shah

(For and On behalf of All Acquirer)