Amendment in Capital Clause and Object Clause of MOA of the Company.
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The board of Dev Labtech Venture Ltd approved increasing the authorized share capital from Rs. 15 crore to Rs. 25 crore. It also approved altering the company's main object clause to add two new business areas: food and agricultural products (including beverages, spices, and packaged foods) and shipping/marine businesses (including vessel ownership, shipbuilding, ports, and dredging). Additionally, the board approved a stock split changing the face value from Rs. 10 to Rs. 5 per share (1 share becomes 2), and a bonus share issue in a 1:1 ratio, effectively doubling each shareholder's share count. The company also approved taking a Rs. 744.22 lakh term loan from SIDBI. All these decisions require shareholder approval via postal ballot, with completion expected by 25th May 2026.
Shareholders are likely to see their share count triple — doubled by the bonus issue and doubled again by the split — while the price per share adjusts downward accordingly. The expanded object clause signals a major pivot into food products and shipping, and the SIDBI term loan adds fresh debt funding. Retail investors should watch for the record dates and postal ballot results before making decisions.