Dev Information Technology Ltd

Dev Information Technology Limited: Trading window closure from October 01, 2026 till 48 hours after the announcement of the financial results for the quarter ended September 30, 2026

Appointment of Jayesh Madhusudan Dave

• Appointed as Non-executive, Non-independent Nominee Director, effective 1 October 2026; not liable to retire by rotation.
• Profile: Founder and CEO of XDuce Group with 1,500+ professionals.
• Not related to any Director or KMP.

Appointment of Bhawika Ogra

• Appointed as Non-executive, Independent Director for five-year term from Oct 1, 2026 to Oct 1, 2031.
• Profile: 29+ years in capital markets; former regulatory leadership at NSE and NSE IFSC.
• Education: MMS (Finance) from BITS Pilani; IOSCO Global Certificate Program.
• Current role: Founding Partner at MAVROK Strategic Advisors LLP.
• Relationship with company: Not related to any Director or KMP.

AGM Details

• Date and time: 30 September 2026, 04:00 PM.
• Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM).

Key Resolutions

• Adopt standalone and consolidated financial statements for the year ended March 31, 2026.
• Declare dividend at 5% (Rs.0.10 per share) for the year ended March 31, 2026.
• Re-appoint Whole-time Director who retires by rotation.
• Appoint Jayesh Madhusudan Dave as Non-executive, Nonindependent, Nominee Director.
• Appoint Bhawika Ogra as Non-executive, Independent Director.
• Approve material related party transactions with Dev Info-Tech North America Limited.
• Approve material related party transactions between North America Limited and Dhyey Consulting Services Private Limited.
• Approve material related party transactions between North America Limited and Dynamics Stars LLC (step-down).
• Approve material related party transactions between Dev Information Technology Limited and XDuce Corporation.
• Approve material related party transactions between Dev Information Technology Limited and Dynamics Stars LLC.
• Approve material related party transactions between Dev Information Technology Limited and Dhyey Consulting Services Private Limited.
• Approve material related party transactions between Dev Information Technology Limited and Byte Technosys Private Limited.

Voting & Results

• Voting results to be submitted to stock exchanges and uploaded on the company website.

Meeting Details

• Date and time: September 24, 2026, 02:00–03:00 P.M.
• Type and mode: Virtual group meeting with investors
• Event/organiser: Analysts/Investors Meeting
• Key participants: Company Secretary and Compliance Officer
• Purpose: Discussion based on publicly available information
• Availability: Information disclosed on the company website

Meeting Details

• Meeting date is September 24, 2026.
• Time is 02:00 PM.
• Mode is virtual.
• Type is group meeting, organized by Kirin Advisors.
• Purpose: discussions will be based on publicly available information.
• Key company participant: Company Secretary and Compliance Officer.

Record Date Details

• Record date for Final Dividend, E-voting, and 29th AGM fixed on 23 September 2026.
• Security: Equity Shares.

ESOP allotment and capital update

• Nomination and Remuneration Committee approved allotment of 6,23,944 ESOP shares under ESOP 2024 on 11 Sep 2026.
• Allotted shares are fully paid and rank pari-passu with existing shares.
• No shares allocated to Directors.
• Paid-up capital increased to Rs 11,39,75,318; 5,69,87,659 equity shares of Rs 2.
• Total equity shares now 5,69,87,659; face value Rs 2 each.

ESOP allotment

• Board approves allotment of 6,23,944 equity shares under ESOP-2024 to eligible employees.
• Shares rank pari passu; no director shares allotted.
• Total options granted: 6,23,944; exercise price Rs 2.40 per option.

Capitalisation and terms

• Money realized on exercise: Rs 14,97,465.60.
• Post-issue share count: 5,69,87,659; paid-up capital: Rs 11,39,75,318.
• Stock split (Aug 21, 2025) reduced face value to ₹2; ESOPs adjusted.

Vesting and exercise status

• Options vested: 6,30,466; exercised: 6,23,944; lapsed: 6,522.

Order details

• Awarding entity: Central Power Research Institute (CPRI), Ministry of Power, Government of India.
• Scope: redesign, redevelop, test, commission, rollout, security audit, GIGW 3.0, compliance certification, and bilingual site maintenance.
• Value: approx. Rs 30 Lakhs; fixed-cost engagement.
• Timeline: approximately four years.
• Domestic award; promoter interest none; no related-party transaction.
• Impact: strengthens order book; includes annual maintenance services for ongoing revenue.