Dev Information Technology Limited has filed comprehensive SEBI disclosure documentation regarding the continued shareholding increase by Xduce Technologies Private Limited. The detailed regulatory filing, submitted on March 19, 2026, provides complete documentation of the share acquisition transaction completed on March 17, 2026.

SEBI Regulatory Filing Documentation

The comprehensive disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both companies submitted formal communications to NSE and BSE, with Dev Information Technology's Company Secretary Krisa Shah digitally signing the disclosure on behalf of the target company.

Share Acquisition Transaction Details

Xduce Technologies Private Limited acquired 30,806 additional equity shares through open market operations, representing a 0.05% increase in shareholding. The transaction maintains the acquirer's status as a non-promoter entity with no encumbrances on the shares and no voting rights other than through equity shareholding.

Company Structure and Exchange Information

Dev Information Technology Limited maintains its equity structure with 11,26,70,464 equity shares of ₹2.00 each. The company operates from its registered office at Aaryans Corporate Park, Ahmedabad, with offices across Gujarat, Maharashtra, Rajasthan, and Canada.

Regulatory Compliance and Documentation

The filing includes detailed annexures showing complete shareholding pattern changes with Director P.N. Pandya signing the disclosure on behalf of Xduce Technologies Private Limited. The comprehensive documentation confirms full compliance with SEBI regulations and provides transparency for the continued acquisition activity in Dev Information Technology Limited shares.

Dev Information Technology Limited has received regulatory disclosure from XDuce Technologies Private Limited regarding additional stake acquisition through open market transactions. According to the disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, XDuce Technologies has increased its holding to 23.57% through strategic acquisitions on March 10-11, 2026.

Latest Acquisition Details

XDuce Technologies acquired an additional 62,734 shares representing 0.11% of the total share capital through open market transactions. This acquisition increased the company's holding from 13,217,205 shares (23.46%) to 13,279,939 shares (23.57%) in Dev Information Technology Limited.

Regulatory Compliance and Disclosure

The disclosure was submitted to both National Stock Exchange of India Limited (Trading Symbol: DEVIT) and BSE Limited (Trading Symbol: 543462) in compliance with SEBI regulations. The formal communication was signed by P. N. Pandya, Director of XDuce Technologies Private Limited, confirming the acquisition details and regulatory adherence.

Company Profile and Market Position

Dev Information Technology Limited, incorporated in 1997 and listed on NSE & BSE, operates from its registered office at Aaryans Corporate Park, Ahmedabad. The company maintains offices across Gujarat, Maharashtra, Rajasthan, and Canada, with total equity share capital of 11,26,70,464 equity shares of ₹2.00 each.

XDuce Technologies Private Limited, the acquirer, operates from 7th Floor, 3rd Eye Three, Navrangpura, Ahmedabad, with CIN U72900GJ2008PTC055344. The strategic acquisition demonstrates continued confidence in Dev Information Technology's business prospects and market position in the technology sector.