Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Strategic Business Collaboration

Corporate Actions:

The Board of Directors approved the company's entry into a 'Strategic Business Collaboration And Delivery Synergy' agreement with M/s. Xduce Technologies Private Limited on 30th June, 2026.

Key terms of the agreement include:

  • Xduce Technologies Private Limited has acquired a strategic equity stake of approximately 24% in Dev Information Technology Limited ("Strategic Investment")
  • No monetary consideration has been paid or received for execution of the Strategic Business Collaboration Agreement
  • The agreement is a framework agreement setting out principles of collaboration between the parties
  • Specific commercial arrangements, projects, services, employee secondments or business opportunities shall be undertaken pursuant to separate definitive agreements
  • Future commercial terms relating to collaborative initiatives shall be determined by mutual consent on an arm's length basis

Other Significant Information:

Rationale and expected benefits of the collaboration:

  • Create operational and business synergies across mutually identified areas
  • Leverage complementary strengths, resources, expertise and capabilities of both parties
  • Enhance business growth and expand market opportunities
  • Optimize resource utilization and improve operational efficiency
  • Strengthen service delivery capabilities and deliver greater value to customers and stakeholders
  • Facilitate resource deployment, talent sharing, employee secondment, and project execution support
  • Enable cross-functional collaboration and leverage a larger pool of skilled resources
  • Improve project delivery capabilities and support domestic and cross-border customer engagements
  • Enhance scalability and ensure efficient deployment of talent across geographies

The alliance aims to explore new market opportunities, enhance customer reach, optimize resource utilization, and drive sustainable long-term value creation.

Signed By:

Krisa Shah, Company Secretary & Compliance Officer

Place: Ahmedabad

Date: 30th June, 2026