Dev Labtech Venture Limited concluded its 33rd Annual General Meeting on September 26, 2026. The meeting was conducted through Video Conferencing and Other Audio-Visual Means, adhering to regulatory guidelines for virtual assemblies.

Meeting proceedings and attendance

The meeting commenced at 1:00 pm and concluded at 1:17 pm. Jay Donda, Whole-Time Director and Chief Financial Officer, served as the Chairperson of the meeting. Key attendees included Jerambhai Donda, Chairman and Managing Director; Dimple Donda, Non-Executive Director; and independent directors Vivekbhai Mavani and Brijeshkumar Pathak. Pankaj Pandav, Company Secretary and Compliance Officer, facilitated the proceedings.

The Chairperson briefed members on the global and Indian economic landscape, specifically focusing on the Diamond & Jewellery industries and the company’s future prospects. The notice circulated on August 27, 2026, along with the annual report for FY26, was taken as read.

Audit status and member interaction

A significant highlight of the proceedings was the confirmation regarding audit integrity. The Statutory Auditors’ Report and Secretarial Audit Report for the year ended March 31, 2026, did not contain any qualifications, observations, or comments that had an adverse effect on the company’s functioning. Consequently, these reports were not read aloud during the session.

Following the briefing, members were invited to raise questions or comments regarding the company’s financial performance and business operations. Notably, no queries were asked or raised by the members present during the allotted time.

Voting mechanism

The company engaged NSDL to provide e-voting facilities pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. Remote e-voting was open from September 23 to September 25, 2026. Members who had not voted remotely were provided a facility to cast their votes electronically for 15 minutes after the conclusion of the meeting.

Dev Labtech Venture Limited has secured a ₹2.10 crore credit facility from HDFC Bank to meet its working capital requirements. The company executed the Master Facility Agreement on September 5, 2026, establishing the terms for the new financing arrangement.

The transaction follows an earlier intimation submitted by the company on August 10, 2026. The agreement was formally signed at 7:45 pm on September 5, 2026, marking the operational start of the credit line.

Facility Terms and Structure

The credit facility is structured as an Overdraft Against Property for Manufacturers (ODAP-MFRS). The total sanctioned amount stands at ₹210.00 lakh. The facility carries a floating interest rate of 8.9% per annum.

The tenure of the facility is 12 months, with provisions for annual renewal. The loan is repayable on demand, providing flexibility in cash management while requiring adherence to bank covenants.

Security and Compliance

To secure the facility, Dev Labtech Venture has provided primary security in the form of residential and commercial properties. Collateral security includes personal guarantees, stock, and debtors. The agreement does not contain clauses granting the lender rights to appoint directors or restrict changes in the company's capital structure.

The transaction is unrelated to any promoter or group company interests. It does not constitute a related-party transaction under SEBI regulations. The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.