RECEIPT OF TRADING APPROVAL OF 560000 EQUITY SHARES FROM BSE
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Dev Labtech Venture Ltd has received trading approval from BSE for 5,60,000 equity shares of Rs. 10 each at a premium of Rs. 52, issued to promoters on a preferential basis upon conversion of warrants. These shares bear distinctive numbers from 11303140 to 11863139 and will be available for trading on the BSE SME platform from Monday, August 4, 2025. The company has multiple offices across Gujarat and Maharashtra and is listed on BSE SME with scrip code 543848.
This represents equity dilution from promoter warrant conversions, increasing the promoter's stake but slightly diluting existing public shareholders. As the shares are allotted to promoters themselves (not sold in the market), there is no immediate price pressure, though the expanded share count may marginally affect per-share metrics.