Dev Information Technology Limited has filed an official disclosure with stock exchanges under SEBI regulations regarding the increased shareholding by Xduce Technologies Private Limited. The filing, submitted on March 17, 2026, provides comprehensive details of the share acquisition transaction completed on March 16, 2026.

SEBI Regulatory Filing Details

The disclosure was filed in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both companies submitted formal communications to NSE and BSE, ensuring full regulatory compliance and market transparency.

Share Acquisition Transaction

Xduce Technologies Private Limited acquired 39,433 equity shares through open market operations, representing a 0.07% increase in its shareholding position. The transaction was conducted in full compliance with market regulations and disclosure requirements.

Company Structure and Trading Information

Dev Information Technology Limited maintains its equity structure with 11,26,70,464 equity shares of ₹2 each. The company's shares continue to trade on both major Indian stock exchanges with established trading symbols.

Compliance and Documentation

The filing includes detailed annexures showing the complete shareholding pattern changes and confirms that Xduce Technologies Private Limited is not part of the promoter or promoter group. The acquirer has declared no encumbrances on the shares and no voting rights other than through equity shareholding. Company Secretary Krisa Shah signed the disclosure on behalf of Dev Information Technology Limited, while Director P.N. Pandya represented Xduce Technologies Private Limited in the filing process.

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.