News

Dev Information Technology Limited will close its trading window for directors, key managerial personnel, designated employees, and their immediate relatives from October 1, 2026, until 48 hours after the announcement of financial results for the quarter ended September 30, 2026, in accordance with the company’s insider trading regulations.

Dev Information Technology Limited announced the appointment of Jayesh Madhusudan Dave as a Non-executive, Non-independent, Nominee Director, effective October 1, 2026, and Bhawika Ogra as an Independent director for a five-year term, also commencing October 1, 2026, following the company`s 29th Annual General Meeting held on Wednesday, September 30, 2026.

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.