DEV INFORMATION TECHNOLOGY LIMITED — Proxy Solicitation & Information Statement 2023

Jul 3, 2023

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

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

Date: July 03, 2023

To, The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla complex, Bandra East, Mumbai-400 051 Trading Symbol: DEVIT	To, The Secretary, BSE Limited Phiroze Jejeebhoy Towers, Dalal Street Mumbai -400001 **Trading Symbol: 543462 **

Dear Sir/Madam,

Sub: Corrigendum to the Notice of Extraordinary General Meeting of the Company

In continuation of our intimation dated June 22, 2023, we are submitting herewith the corrigendum to the Notice of Extraordinary General Meeting of the Company (“ EGM ”). We wish to inform you that the corrigendum to notice of extra ordinary general meeting is being issued to give notice to amend/provide additional details to shareholders in accordance with provision of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI (ICDR) Regulations”) .

Copy of the said corrigendum to the EGM Notice is also uploaded on the website of the Company i.e., www.devitpl.com.

You are requested to take the same on your record.

Thanking you,

Yours faithfully,

for Dev Information Technology Limited

KRISA Digitally signed by KRISA RUPALKUMAR RUPALKUM PATEL Date: 2023.07.03 AR PATEL 14:54:44 +05'30' Krisa Patel

(Company Secretary & Compliance Officer)

Encl: Corrigendum to the Notice of EGM

Managed IT Digital Enterprise | Services | Transformation | Applications |

Business Applications |

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Cloud Services

Mobile Applications

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DEV INFORMATION TECHNOLOGY LIMITED ( CIN: L30000GJ1997PLC033479)

Registered Office : 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej Ahmedabad, Gujarat-380059-India Tel No.: 079-26304241/26305751 ; E-mail: cs@devitpl.com ; Website: www.devitpl.com

CORRIGENDUM TO THE NOTICE OF THE EXTRAORDINARY GENERAL MEETING

Dev Information Technology Limited (“ Company ”) has issued a notice dated June 22 2023 (“ Notice of EGM ”) for convening the Extraordinary General Meeting of the members of the Company, which is scheduled on Wednesday, July 19, 2023, at 09:00 a.m. at the Registered Office of the company at 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059, Gujarat.

1. In Explanatory Statement of Item No. 2, Point 6 para 2 will be updated as follows:

Den Valuation (OPC) Private Limited through its Director, CA Jigar Shah, independent registered valuer (IBBI/RV-E/06/2021/146) has issued a valuation report dated June 16, 2023 and addendum to valuation report dated June 29, 2023 for the proposed Preferential Issue and the said report along with the addendum can be found on the website of the Company at https://www.devitpl.com/ as per Regulation 166A of SEBI (ICDR) Regulations.”

2. In Explanatory Statement of Item No. 2, Point 17 name of the natural person who are the Ultimate Beneficial Owners (UBOs) is being replaced:

Pursuant to the SEBI circular dated January 24, 2013, regarding identification of beneficial ownership, there is no natural person, whether acting alone or together, who owns 25% or more of the shares or capital or profits in LT1, Inc. In accordance with para 4 (c) of the said Circular, Sanjay Patel being the senior managing official of LT1, Inc. has been identified as UBO. Further, Daivesh Sanghvi, Parth Patel, Sheil Patel, Chandrakant Patel and Suchet Patel do not hold any managerial position in LT1, Inc. Accordingly, the table mentioned in Item No. 2, point 17 is being replaced:

From:

Sr. No.	Names	PAN	Natural Person who are the Ultimate Beneficial Owners (UBOs)	PAN	Pre- prefe renti al holdi ng & (%)	Present issue of Equity Shares	Post- prefere ntial holdin g & (%)
1.	LT1, Inc.	AAFCL 4054R	Sanjay Patel Daivesh Sanghvi Parth Patel Sheil Patel Chandrakant Patel SuchetPatel	Not applicable since all the UBOs are foreign Citizen	Nil	57,24,907	20.55%

• The above shareholding details of LT1, Inc. in the Company, only represents the shareholding before and after the proposed Preferential Allotment. Hence, the above shareholding details do not take into consideration the acquisitions proposed to be made by LT1, Inc. pursuant to the SPSA, the open offer and ESOP granted.

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DEV INFORMATION TECHNOLOGY LIMITED ( CIN: L30000GJ1997PLC033479)

Registered Office : 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej Ahmedabad, Gujarat-380059-India Tel No.: 079-26304241/26305751 ; E-mail: cs@devitpl.com ; Website: www.devitpl.com

To

Sr. No.	Names	PAN	Natural Person who are the Ultimate Beneficial Owners (UBOs)	PAN	Pre- prefe renti al holdi ng & (%)	Present issue of Equity Shares	Post- prefere ntial holdin g & (%)
1.	LT1, Inc.	AAFCL 4054R	Sanjay Patel	Not applicable since the UBO is foreign Citizen	Nil	57,24,907	20.55%

• The above shareholding details of LT1, Inc. in the Company, only represents the shareholding before and after the proposed Preferential Allotment. Hence, the above shareholding details do not take into consideration the acquisitions proposed to be made by LT1, Inc. pursuant to the SPSA, the open offer and ESOP granted.

This corrigendum to the Notice of EGM shall form an integral part of the Notice of EGM which has already been circulated to the shareholders of the Company and on and from the date hereof, the Notice of EGM shall always be read in conjunction with this corrigendum. This corrigendum is also being published in newspaper i.e. in “Business Standard” English edition, Ahmedabad and “Jai Hind” Gujarati edition, Ahmedabad and will also be made available on the website of both the stock exchanges i.e., National Stock Exchange of India Limited and BSE Limited and on the website of the Company (www.devitpl.com). All other contents of the Notice of EGM, save and except as modified or supplemented by the corrigendum, shall remain unchanged.

By the Order of the Board of Directors

For Dev Information Technology Limited

Sd/-

Krisa Patel

Company Secretary & Compliance Officer

Registered Office:

14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej Ahmedabad – 380059 Gujarat, India. CIN: L30000GJ1997PLC033479 Website: www.devitpl.com E-mail: cs@devitpl.com Tel. No.: 079-26304241

Place: Ahmedabad Date: July 03, 2023