Dev IT shareholders approve all resolutions at 29th AGM
- Shareholders approved all resolutions at the 29th AGM held on September 30, 2026
- Dividend declared at ₹0.10 per share (5%) for FY26
- Prerak Pradyumna Shah re-appointed as Whole-time Director
- Jayesh Madhusudan Dave appointed as Non-executive Director
*this image is generated using AI for illustrative purposes only.
Dev Information Technology Limited shareholders approved all proposed resolutions during the company's 29th Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted via video conferencing, resulted in the adoption of financial statements and the declaration of a dividend.
The scrutinizer's report confirmed that all ordinary and special business items contained in the notice dated September 3, 2026, received the requisite majority. This includes the approval of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.
Key Approvals and Dividend Declaration
Shareholders voted to declare a dividend on equity shares at a rate of 5%, equivalent to ₹0.10 per share for FY26. The meeting also addressed leadership continuity by approving the re-appointment of Prerak Pradyumna Shah as Whole-time Director. Shah retires by rotation and was eligible for re-appointment.
Additionally, the board's proposal to appoint Jayesh Madhusudan Dave as a Non-executive, Non-independent Director was ratified by the shareholders.
Voting Results Summary
The following table summarizes the key resolutions approved during the AGM:
| Resolution Type | Particulars | Status |
|---|---|---|
| Ordinary | Adoption of Audited Standalone and Consolidated Financial Statements for FY26 | Approved |
| Ordinary | Declaration of dividend at ₹0.10 per equity share (5%) for FY26 | Approved |
| Ordinary | Re-appointment of Prerak Pradyumna Shah as Whole-time Director | Approved |
| Ordinary | Appointment of Jayesh Madhusudan Dave as Non-executive Director | Approved |
Regulatory Compliance
The voting process was conducted through remote e-voting and e-voting facilities available to participants attending via video conferencing. Murtuza Kaizar Mandorwala, Practicing Company Secretary, served as the scrutinizer pursuant to Section 108 of the Companies Act, 2013. The results were filed with both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Dev Information Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.08% | -10.71% | -16.70% | -10.68% | -48.27% | +56.02% |
How will the appointment of Jayesh Madhusudan Dave as a Non-executive Director influence Dev Information Technology's strategic direction or governance standards?
What are the projected revenue growth and margin expansion targets for FY27 following the approval of the FY26 financial statements?
Given the modest 5% dividend yield, is the company planning to reinvest retained earnings into specific R&D or expansion initiatives in the coming fiscal year?
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