Dev Information Technology Limited has been awarded a work order worth approximately INR 2.79 Crores from Gujarat International Finance Tec-City Company Limited (GIFTCL). The engagement aims to transform GIFT City's digital ecosystem into a world-class communication and investor engagement platform, reinforcing its position as India's premier International Financial Services Centre (IFSC). The project encompasses the design, development, deployment, implementation, and maintenance of a modern, secure, and scalable multilingual web-portal, along with the development of an interactive Digital Twin platform.

The order was intimated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The scope of work includes Web-Portal Development, Digital Twin Platform, Content Creation & Localization, System Integrations, Performance & SEO, and Support & Maintenance.

Order Details

The contract is a fixed-cost engagement awarded by a domestic state entity. The execution period for the project is approximately 2.5 Years. The company confirmed that the order does not fall within related party transactions and that the promoter, promoter group, or group companies have no interest in the entity awarding the order.

Dev Information Technology Ltd has entered into a Strategic Business Collaboration And Delivery Synergy agreement with XDuce Technologies Private Limited to create operational and business synergies across mutually identified areas. The alliance aims to enable the parties to explore new market opportunities, enhance customer reach, optimize resource utilization, and drive sustainable long-term value creation. XDuce Technologies Private Limited has acquired a strategic equity stake of approximately 24% in Dev Information Technology Ltd as part of this strategic investment.

The Board of Directors of Dev Information Technology Ltd approved the agreement during a meeting held on June 30, 2026. The collaboration is designed to strengthen and formalize the strategic business relationship between the parties, establishing a framework for operational collaboration, delivery synergy, and business development initiatives. The scope of business operations includes technology services, project delivery, managed services, talent deployment, procurement, business operations, and market expansion.

No monetary consideration was paid or received for the execution of the Strategic Business Collaboration Agreement. Commercial terms relating to future projects or engagements will be determined under separate agreements. The agreement serves as a framework setting out the principles of collaboration, with specific arrangements to be undertaken pursuant to separate definitive agreements, statements of work, or purchase orders.

The transaction falls within related party transactions as XDuce Technologies has an interest in the entity. However, the agreement was executed on an arm's length basis in compliance with applicable laws, regulations, and the company's Related Party Transaction Policy. The collaboration is expected to leverage complementary strengths and resources to improve operational efficiency and strengthen service delivery capabilities.

The following table outlines the key details of the agreement: