Dev Information Technology Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
DEVIT · price
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Dev Information Technology Limited's Board of Directors met on July 25, 2025, and approved a sub-division (stock split) of its equity shares from a face value of Rs. 5/- per share to Rs. 2/- per share. The company has fixed Thursday, August 21, 2025 as the Record Date to determine shareholders eligible for the sub-division. The company is listed on NSE (symbol: DEVIT) and BSE (scrip code: 543462) and operates in IT services including cloud, managed IT, digital transformation, and enterprise applications. The board meeting concluded at 2:05 P.M. on the same day.
Shareholders holding shares as of the record date (August 21, 2025) will receive additional shares in proportion to the sub-division. While the total value of holdings remains unchanged, the lower face value typically improves share liquidity and makes the stock more affordable for retail investors, often resulting in short-term price adjustments.