Submission of Postal Ballot Notice.
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Dev Labtech Venture Ltd (BSE SME, Scrip 543848) has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting (31 March – 29 April 2026) for four key items. Item 1 is an increase in authorised share capital from Rs. 15 crore to Rs. 25 crore (1.5 crore to 2.5 crore shares of Rs. 10). Item 2 (Special Resolution) proposes adding new business objects covering food products/beverages and shipping, shipbuilding, dredging and marine services. Item 3 is a stock split sub-dividing each Rs. 10 share into 2 shares of Rs. 5, doubling the share count to about 2.37 crore. Item 4 is a 1:1 bonus issue (one free share for every one held) to be issued from free reserves, on the post-split Rs. 5 face value. Results are to be declared on or before 30 April 2026. The current paid-up equity capital stands at Rs. 11.86 crore (1,18,63,139 shares of Rs. 10).
If all resolutions pass, shareholders will hold 4 shares (post-split) for every 1 currently held, plus an equal number as bonus shares — effectively quadrupling their share count. The company is also pivoting its stated business objects towards food and shipping/maritime sectors, which is a significant strategic shift from its current operations and could affect the stock's investment thesis.