DEV INFORMATION TECHNOLOGY LIMITED — Major Shareholding Notification 2020

Aug 17, 2020

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 be made under	Whether the 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	Yes
		Pandya (#)
		4. Hemant Suryakant	Yes
		Shah
	b. Date of acquisition	Anytime after 4 working	Yes disclosure was
		days from the date of the intimation dated	made on July 21, 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