Dev Information Technology Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DEVIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 7.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dev Information Technology (DEVIT) has secured an order worth approximately INR 1.29 Crore from National Informatics Centre Services Incorporated (NICSI), a government of India entity, to develop an Integrated Financial Management System (IFMS) for state finance management. The scope includes pension and employee management, works accounts, bank disbursement, core treasury operations, online bill payments, budget and expenditure management, and mobile app development. It is a fixed-cost domestic contract to be executed in roughly 2-3 months. The order is not a related party transaction and no promoter interest is involved. The win highlights DEVIT's capability in handling large-scale government technology projects.
At ~₹1.29 Crore, this is a small-ticket order in absolute terms and unlikely to materially move the needle on revenue or earnings. However, it strengthens DEVIT's credentials in the government IT segment, which could help attract similar follow-on orders from state and central agencies.