Dev Information Technology Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
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The Board of Dev Information Technology Limited, at its meeting on March 27, 2026, approved three key items. First, the company allotted 28,482 equity shares under its ESOP 2018 plan at Rs. 24.50 per share, generating Rs. 6.97 lakh, with no shares going to directors; post-allotment paid-up capital stands at Rs. 11.27 crore (5.63 crore shares of Rs. 2 each). Second, the Board approved a strategic investment of Rs. 3.87 lakh to acquire a 28.50% stake (3,986 equity shares) in Byte Technosys Private Limited, an IT infrastructure management services firm, aiming to boost the startup ecosystem and IP development. Third, the company will extend a corporate guarantee of up to Rs. 130.75 lakh to Kalupur Commercial Co-op Bank on behalf of its wholly owned subsidiary Dhyey Consulting Services to secure working capital facilities, at arm's length terms.
The ESOP allotment is minor and non-dilutive in any meaningful way for existing shareholders. The small investment in Byte Technosys is a strategic, low-cost move into startup/IT infrastructure but unlikely to materially move the stock. The corporate guarantee for the subsidiary signals continued support for group-level operations and will appear as a contingent liability, which investors should monitor.