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.
Awaiting price reaction for this filing.
Dev Information Technology Ltd (DEVIT) has won an order worth approximately ₹26 lakhs from M/s. Core Technologies for supplying AutoCAD software with specialized toolsets (multi-user, offline subscription, Windows). The actual end-user is Goa Shipyard Limited, a Government of India undertaking under the Ministry of Defence, meaning this is effectively a defence-sector order. The contract is fixed-cost, domestic, and to be executed within about 2 months. The order is not a related-party transaction, and there is no promoter interest in the awarding entity.
While the order is small in absolute value (₹26 lakhs) and limited to software licensing, the fact that the end client is a Ministry of Defence PSU gives Dev IT a defence-sector reference, which could help win larger follow-on contracts. Shareholders should view this as a minor positive, not a material revenue driver on its own.