Dev Information Technology Limited has informed the Exchange regarding Allotment of 28482 Shares.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved allotment of 28,482 equity shares to eligible employees under the ESOP 2018 plan at an exercise price of Rs. 24.50 per share, generating Rs. 6.98 lakhs. No shares were allotted to directors. Post-allotment, the paid-up capital stands at Rs. 11.27 crores (5,63,63,714 shares of Rs. 2 each). Separately, the board approved a Rs. 3.87 lakh investment to acquire a 28.50% stake in Byte Technosys Private Limited, an IT infrastructure management firm, as a strategic move to support startups and IP development. The board also authorized a Rs. 130.75 lakh corporate guarantee for its wholly owned subsidiary, Dhyey Consulting Services, to help it secure working capital from Kalupur Commercial Co-op Bank.
These are routine corporate actions with minimal impact on shareholders. The ESOP allotment causes very small dilution, the Byte Technosys investment is a small strategic stake, and the corporate guarantee is for a wholly owned subsidiary with no direct cash outflow.