LISTING APPROVAL FROM BSE DATED 16TH JULY 2025
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Awaiting price reaction for this filing.
BSE granted listing approval on July 16, 2025 for 5,60,000 equity shares of Dev Labtech Venture Ltd (face value Rs. 10 each), issued at a premium of Rs. 52 (i.e., Rs. 62 per share) to the promoters and promoter group. The shares were allotted on a preferential basis pursuant to conversion of warrants and carry distinctive numbers from 11303140 to 11863139. The company trades on the BSE SME platform under scrip code 543848. This is a procedural step to enable trading of shares that have already been allotted to promoters following warrant conversion.
Since the shares were issued to existing promoters on conversion of warrants, there is no change in promoter ownership percentage, though free float may see a small increase if promoters eventually sell. Short-term price impact is likely minimal as this is essentially a completion of a previously disclosed preferential allotment.