Jaimin Jagdishbhai Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
DEVIT · price
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Awaiting price reaction for this filing.
Jaimin Jagdishbhai Shah, Promoter and Managing Director of Dev Information Technology Limited, has filed an annual disclosure to NSE and BSE for the financial year ended March 31, 2025, as required under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure states that no member of the promoter, promoter group, or Persons Acting in Concert (PAC) has created any new encumbrance (such as pledge or lien) on the company's shares during FY 2024-25, other than what was already disclosed earlier. This is a routine annual compliance filing by the promoter confirming the encumbrance status of their shareholding.
This is a neutral-to-positive routine compliance filing. It reassures shareholders that promoters have not pledged or otherwise encumbered additional shares during the year, suggesting no immediate financial stress at the promoter level. No material impact on stock price is expected.