Dev Information Technology Limited has informed the Exchange regarding Grant of 215724 Options.
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Dev Information Technology Limited (DEVIT) has granted 2,15,724 stock options to employees on August 8, 2025, under its Employee Stock Option Plan – 2024. Each option is convertible into one equity share of Rs. 5 face value, at an exercise price of Rs. 6 per option. The scheme complies with SEBI's Employee Share Based Payments Regulations, 2021, with a minimum vesting period of one year and a 45-day exercise window from the first vesting date. There are no lock-in provisions on these shares.
This is a routine ESOP allotment and will result in a minor dilution of existing shareholders when options are exercised. The low exercise price (just Rs. 1 above face value) suggests the grant is primarily aimed at employee retention rather than capital raising. The actual impact on share count will depend on how many options eventually vest and are exercised.