Outcome of Board Meeting held on 30th August, 2025.
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The Board of Dev Labtech Venture Ltd met on 30 August 2025 and approved several items. It recommended appointing M/s. H A R & Co. as Statutory Auditors for a 5-year term and approved a Material Related Party Transaction with its wholly owned subsidiary, Dev Labtech Venture Inc., subject to shareholder approval. The Board also approved shifting the registered office from Bhavnagar to Surat within Gujarat and cleared the Directors' Report for FY ended 31 March 2025. It fixed the 32nd Annual General Meeting for 27 September 2025 via video conferencing, with book closure from 21–27 September 2025. Additionally, the Board appointed Secretarial, Internal, and GST Auditors for FY 2025-26 and approved the proposal to incorporate a new wholly owned subsidiary.
Most decisions are routine governance and auditor appointments ahead of the AGM. However, the new wholly owned subsidiary incorporation and the material related party transaction with the existing US-based subsidiary are items shareholders should watch, as they may signal expansion or fund movement that requires approval at the upcoming AGM.