The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pravinaben Pradyumna Shah & XDuce Technologies Pvt Ltd
DEVIT · price
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Pravinaben Pradyumna Shah, an immediate relative of a promoter, sold 10,00,000 shares (1.78% of equity capital) of Dev Information Technology Ltd in the open market on March 5, 2026. Her holding fell from 17,55,000 shares (3.11%) to 7,55,000 shares (1.34%). The same 10,00,000 shares were acquired by Xduce Technologies Private Limited, which is not classified as a promoter. Xduce's stake rose from 1,21,56,399 shares (21.58%) to 1,31,56,399 shares (23.35%). The total equity share capital of the company is 11,26,70,464 shares of Rs. 2 each. Both disclosures were filed together on March 6, 2026, indicating a coordinated, single-transaction transfer between the two parties.
A promoter-group member has trimmed her direct holding by more than half (from 3.11% to 1.34%), while a non-promoter entity has consolidated its already significant stake above 23%. This may raise questions about a possible shift of beneficial interest within the promoter circle, which investors should watch for further disclosures on the overall promoter group's combined holding.