The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for XDuce Technologies Pvt Ltd
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XDuce Technologies Private Limited, a non-promoter acquirer, has filed a disclosure under SEBI's Takeover Regulations regarding an open market acquisition of shares of Dev Information Technology Ltd dated 31 December 2025. As per Annexure I, the acquirer's holding stands at 70,31,399 equity shares, representing 12.48% of the company's total share capital. The company's total equity capital comprises 1,12,67,464 shares of Rs 2 each. The acquisition was made from the open market, and the acquirer group has signed on behalf of all acquirers acting in concert. The acquirer is explicitly confirmed as NOT belonging to the promoter or promoter group of Dev Information Technology.
A non-promoter entity accumulating a 12.48% stake is significant and approaches the 15% open offer trigger threshold under SAST regulations. Shareholders should watch for further acquisitions by XDuce or any open offer announcement, as crossing 15% would mandate a mandatory open offer to remaining shareholders.