The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amisha Shah
DEVIT · price
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Mrs. Amisha Jaimin Shah, on behalf of the Promoter/Promoter Group of Dev Information Technology Ltd, disclosed an open-market sale of shares carried out on 31st December 2025. Two promoter-group sellers participated: Amisha Jayminbhai Shah sold 45,00,000 shares and Pratibhaben Mhanlal Desai sold her entire 29,12,500 shares. Aggregate promoter-group holding fell from 1,07,00,100 shares (18.99%) to 32,87,600 shares (5.83%), a total sale of 74,12,500 shares representing 13.16% of the company's equity. The total share capital of 11,26,70,464 equity shares of Rs. 2 each remains unchanged. The filing is a routine disclosure under SEBI's Takeover Regulations to report the change in promoter-group shareholding.
This is a significant promoter-group exit that more than halves their stake, which may be viewed negatively by the market as it signals reduced insider confidence. Existing minority shareholders should note the sharp drop in promoter ownership from nearly 19% to under 6%, weakening the promoter group's control over the company.