Dc Infotech And Communication Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025 .
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DC Infotech's Board, at its meeting on June 20, 2025, approved the conversion of 6,70,000 convertible warrants into equity shares at Rs. 541 per share (face value Rs. 10). All warrants were held by promoters — Devansh Kamleshkumar Sayani (2,40,000), Aayush Sayani (2,40,000), and Madhuri Sayani (1,90,000) — who have paid the full subscription amount. The total conversion value is approximately Rs. 36.25 crore. Additionally, Mr. Dilip Vasudeo Gupta was appointed as Secretarial Auditor for 5 years (April 2025 to March 2030), and Mr. Gaurav Radia was appointed as Internal Auditor for FY 2025-26.
This is a promoter-driven event with no new dilution for public shareholders, as the warrants were already allotted earlier. Promoters increasing their equity stake signals confidence in the company's prospects, which is generally viewed positively by retail investors.