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.

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.