Dev Labtech Venture Ltd

Key Decisions

• Approved availing debt facility of Rs 2.10 crore from HDFC Bank; disclosure to follow after loan agreement.
• Withdrawn strike-off of Dev Labtech Venture Inc. (USA); remains a Wholly Owned Subsidiary; no material adverse impact.

Dematerialisation status

• Dematerialisation requests processed during the reporting quarter and confirmed to depositories.
• Securities dematerialised have been listed on the exchanges where the original securities are listed.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner within timelines.

Bonus issue

• Board approved allotment of 2,37,26,278 bonus equity shares of Rs. 5 each.
• Bonus shares were issued in a 1:1 ratio to eligible shareholders as on 15 May 2026.
• Bonus shares rank pari passu with existing equity shares.

Capital structure

• Paid-up equity share capital increased from Rs. 11,86,31,390 to Rs. 23,72,62,780.
• Equity shares outstanding increased from 2,37,26,278 to 4,74,52,556.

Meeting Details

• Board meeting scheduled for 18 May 2026.
• Meeting time was not disclosed.
• Meeting location: company office, Plot No. 53 54, 1st Floor, Thakordwar Society, Mini Bazar, Varachha Road, Surat, Gujarat.

Key Agenda Items

• Consider and approve allotment of bonus equity shares, subject to requisite approvals.

Other Notes

• No additional material investor-relevant items were disclosed in this chunk.

Bonus Issue Summary

• Type of security: Equity shares with face value of Rs. 5 each post-split
• Bonus ratio: 1:1 (one bonus share for every one existing share)
• Bonus source: Securities premium, retained earnings, free reserves as of 31 March 2025
• Total bonus shares: 2,37,26,278 shares based on post-split equity
• Pre-bonus share capital: 2,37,26,278 shares, Rs. 5 face value, Rs. 11.86 crore paid-up
• Post-bonus share capital: 4,74,52,556 shares, Rs. 5 face value, Rs. 23.72 crore paid-up
• Authorised share capital: Rs. 25 crore divided into 5 crore shares of Rs. 5 each
• Record date: To be announced
• Bonus shares credit/dispatch: Within 2 months from Board approval, by 25 May 2026
• Figures based on audited financials as of 31 March 2025
• Bonus issue subject to necessary approvals

Increase in Authorised Share Capital

• Authorised share capital increased from Rs. 15 crore to Rs. 25 crore.
• Memorandum of Association Clause V amended to reflect new authorised capital.
• New authorised capital: 2.5 crore equity shares of Rs. 10 each.

Equity Share Sub-division

• Each Rs. 10 equity share split into 2 equity shares of Rs. 5 each.
• Rationale: enhance liquidity and encourage small investor participation.
• Authorised capital pre-split: 2.5 crore shares at Rs. 10 face value.
• Authorised capital post-split: 5 crore shares at Rs. 5 face value.
• Paid-up and subscribed capital pre-split: 1.186 crore shares at Rs. 10.
• Paid-up and subscribed capital post-split: 2.372 crore shares at Rs. 5.
• Only one class of equity shares affected.
• Expected completion within 2 months from Board approval, by 25 May 2026.

Bonus Equity Shares Issuance

• Bonus issue of equity shares at 1:1 ratio post-split (one new share per existing share).
• Bonus shares issued from securities premium, retained earnings, or free reserves.
• Pre-bonus paid-up capital: 2.372 crore shares at Rs. 5 face value.
• Post-bonus paid-up capital: 4.745 crore shares at Rs. 5 face value.
• Free reserves/share premium required: Rs. 11.86 crore.
• Free reserves/share premium available as of 31 March 2025: Rs. 2899.81 lakh (audited).
• Bonus shares expected to be credited/dispatched within 2 months from Board approval, by 25 May 2026.