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Dev Information Technology Limited announced that its board approved the allotment of 6,23,944 equity shares of Rs 2 face value each to eligible employees under the “Dev Information Technology Limited Employee Stock Option Plan – 2024,” with none allotted to directors, and realized Rs 14,97,465.6 from the exercise of options.

Dev Information Technology Limited (DEVIT) seeks shareholder approval for related party transactions with Byte Technosys Private Limited, in which DEVIT holds an investment. The transactions involve DEVIT providing services, valued at up to Rs 25 crores, and receiving services from Byte Technosys, also valued at up to Rs 25 crores, for the financial year ending March 31, 2027. Byte Technosys, currently operating at a loss with a net worth of Rs 52.33 lakhs as of fiscal year 2025, generates revenue of Rs 28.75 lakhs. Directors Hrashil Shah and Jaimin Shah have directorship and shareholding interests in Byte Technosys, respectively. The transactions are intended to foster innovation and collaboration, and require approval under the Companies Act, 2013 and SEBI regulations.

Dev Information Technology will hold a meeting of the Board of Directors of the Company on 13 August 2026.

Dev Information Technology announced that the Board of Directors of the Company at its meeting held on 28 May 2026, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

Net profit of Dev Information Technology rose 645.08% to Rs 9.09 crore in the quarter ended March 2026 as against Rs 1.22 crore during the previous quarter ended March 2025. Sales rose 4.50% to Rs 53.87 crore in the quarter ended March 2026 as against Rs 51.55 crore during the previous quarter ended March 2025.For the full year,net profit rose 409.62% to Rs 75.78 crore in the year ended March 2026 as against Rs 14.87 crore during the previous year ended March 2025. Sales rose 11.04% to Rs 189.50 crore in the year ended March 2026 as against Rs 170.66 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales53.8751.55 5 189.50170.66 11 OPM %5.405.35 -1.706.14 - PBDT4.062.41 68 4.4621.12 -79 PBT3.421.62 111 1.2018.08 -93 NP9.091.22 645 75.7814.87 410 Powered by Capital Market - Live News