Dev Information Technology Limited has informed the Exchange regarding 'Outcome of the Nomination and Remuneration Committee Meeting held on 27th March, 2026'.
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Dev Information Technology Limited's Nomination and Remuneration Committee met on March 27, 2026, and approved the allotment of 28,482 equity shares of face value Rs. 2 each. These shares were issued to employees who exercised their vested stock options under the company's ESOP 2018 plan. None of these shares were allotted to any Director of the company. After this allotment, the company's paid-up equity capital has risen to Rs. 11,27,27,428, divided into 5,63,63,714 equity shares of Rs. 2 each. The newly issued shares will rank equally with existing shares in all respects.
This is a routine ESOP allotment that causes a small dilution of about 0.005% in existing shareholders' equity. It is unlikely to have any meaningful impact on the stock price, as no directors were issued shares and the number of new shares is very small relative to the total share count.