The Committee approved the allotment of 6,23,944 (Six Lakh Twenty-Three Thousand Nine Hundred Forty-Four) Equity Shares of face value ₹2 each, fully paid up, against the exercise of vested options under the "Dev Information Technology Limited Employee Stock Option Plan - 2024".
The equity shares allotted will rank pari-passu with the existing equity shares of the company in all respects. Specifically, no shares were allotted to any Director(s) of the company in this allotment.
Following this allotment, the company's paid-up capital will increase to ₹11,39,75,318 divided into 5,69,87,659 equity shares of face value ₹2 each.
The disclosure was signed by Krisa Shah, Company Secretary & Compliance Officer, from Ahmedabad.