Dev Labtech Venture has scheduled its 33rd Annual General Meeting (AGM) for September 26, 2026, to seek shareholder approval for a material related-party transaction valued at up to ₹18.00 crore. The meeting will also address the reappointment of the Chairman and Managing Director.

The company issued intimation under Regulation 30 and Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM will convene via video conference or other audio-visual means to discuss the annual report for the financial year 2025-26.

Meeting Details

The AGM is set to begin at 1:00 pm on September 26, 2026. Shareholders can access the notice and annual report through the provided weblink. Electronic copies are being sent via email to members with registered addresses with the company, registrar and transfer agents, or depository participants.

Key Agenda Items

The meeting agenda includes ordinary business regarding the adoption of standalone and consolidated audited financial statements for FY26. Additionally, shareholders will vote on the reappointment of Mr. Jerambhai Lavjibhai Donda (DIN: 00484152) as a director liable to retire by rotation.

The special business item involves approving contracts with promoters and their relatives for an aggregate value of up to ₹18.00 crore excluding applicable taxes for FY27. This transaction pertains to the acquisition of land in Ankleshwar, Gujarat, for operational expansion.

E-Voting Schedule

Shareholders eligible to vote electronically must adhere to the following timeline:

Members holding shares in electronic form without a registered email address are advised to approach their respective depository participants to update their records. Physical copies of the report may be requested by writing to the company secretary.

Dev Labtech Venture has announced that it will not proceed with the strike-off of its subsidiary incorporated in the United States of America. The company had previously initiated or considered the process of striking off the USA-based entity but has now decided to reverse that course of action.

Decision to Retain USA Subsidiary

The company's decision to halt the strike-off process means that its USA subsidiary will continue to remain in existence as a corporate entity. A strike-off typically refers to the formal removal of a company from the official register, effectively dissolving it as a legal entity. By choosing not to proceed, Dev Labtech Venture has opted to maintain its overseas corporate presence in the United States.

No further financial details, operational rationale, or timelines were disclosed in connection with this announcement. The development represents a change in the company's earlier stance regarding the future of its United States-based subsidiary.