dev information technology has disclosed that its promoter and promoter group have not created any fresh encumbrances on the company's shares during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure provides transparency regarding the shareholding status of the promoters and the Persons Acting in Concert (PAC).

Jaimin Jagdishbhai Shah, the Promoter and Managing Director of the company, confirmed that none of the individuals within the promoter group or the PAC have made any encumbrance of shares, directly or indirectly, during FY26. The declaration specifies that any encumbrances existing prior to this period remain as previously disclosed, with no new additions reported for the current financial year.

The filing was addressed to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited on April 6, 2026. The submission was made on behalf of the promoters and the PAC to ensure regulatory compliance and maintain public records regarding the shareholding structure.

Key Disclosure Details

The following table summarizes the key details of the regulatory filing:

The declaration was signed by Jaimin Jagdishbhai Shah in his capacity as Promoter and Managing Director. Krisa Shah, Company Secretary and Compliance Officer of Dev Information Technology Limited, facilitated the submission of the disclosure to the exchanges. The document was also copied to the Audit Committee of the Board of Directors for their records.

Dev Information Technology reported a significant increase in profitability for the quarter and year ended March 31, 2026, driven by operational efficiency and strategic investments. On a consolidated basis, total income for Q4FY26 increased by 8.1% year-on-year to INR56 crores. Net profit for the quarter stood at INR8.96 crores, compared to INR1.13 crores in the corresponding quarter of the previous year. EBITDA grew by 68.5% to INR5.04 crores, with margins improving by 322 basis points to 8.99%.

For the full financial year FY26, the company reported a total income of INR193.50 crores. Net profit for the year was INR75.60 crores, with diluted earnings per share of INR13.25. The annual profit included an exceptional gain from the reclassification of the company's investment in Dev Accelerator following its IPO. EBITDA for the year stood at INR7.23 crores, with a margin of 3.74%. The company had previously projected revenue between INR190 crores and INR200 crores for FY26.

Strategic initiatives during the year included an alliance with XDuce Infotech, which acquired a 25% stake in the company to strengthen capabilities in AI, cybersecurity, and international market expansion. The company also signed an exclusive master distribution agreement with A21 Technologies to scale its AI-powered intelligence platform, Talligence, across India and the MENA region. Additionally, the Board approved the transfer of Talligence and product businesses to Technosys Private Limited for cash consideration of approximately INR11.90 crores to sharpen focus on core technology services.

The company achieved all six Microsoft solution partner designation certifications, validating its technical expertise in the Microsoft ecosystem. Management stated that the India market contributed 67% of revenue in FY26, while cloud and blockchain business units were the primary technology drivers. The current order book stands between INR50 crores and INR60 crores. Looking ahead, the company targets revenue of INR200 crores for the current year and expects growth of 15% to 20% in the following year, supported by the integration with XDuce and expansion in North America and the UK.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE060X01034/d14931e8b8764406.pdf