Dev Information Technology Sets August 21, 2025 Record Date for 5:2 Stock Split

1 min read     Updated on 25 Jul 2025, 02:34 PM
scanxBy ScanX News Team
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Overview

Dev Information Technology Limited has approved a stock split, dividing each existing equity share with a face value of Rs. 5.00 into shares with a face value of Rs. 2.00. The record date for this corporate action is set for August 21, 2025. This move aims to potentially improve stock liquidity and accessibility for investors without changing the overall value of shareholders' holdings.

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*this image is generated using AI for illustrative purposes only.

Dev Information Technology Limited , a provider of cloud services and digital transformation solutions, has announced a significant corporate action that could impact its shareholders. The company's board of directors has approved a stock subdivision, commonly known as a stock split, with a record date set for August 21, 2025.

Stock Split Details

The board meeting, held on July 25, 2025, concluded at 02:05 P.M. with the following key decisions:

  • Each existing equity share with a face value of Rs. 5.00 will be subdivided into shares with a face value of Rs. 2.00 each.
  • The record date for determining shareholder eligibility for the stock split is set for Thursday, August 21, 2025.

This 5:2 stock split aims to increase the number of outstanding shares while proportionally decreasing the face value per share. It's important to note that this action does not change the overall value of a shareholder's holdings but may potentially improve liquidity and make the shares more accessible to a broader range of investors.

Company Profile

Dev Information Technology Limited operates in various IT sectors, including:

  • Cloud services
  • Digital transformation
  • Enterprise applications
  • Managed IT services

The company has established its presence with offices in multiple locations:

  • Gujarat
  • Maharashtra
  • Rajasthan
  • Canada

Corporate Information

Dev Information Technology Limited is listed on both the National Stock Exchange of India (NSE) and BSE Limited with the following details:

Item Details
NSE Trading Symbol DEVIT
BSE Trading Symbol 543462
CIN L30000GJ1997PLC033479

The company's registered office is located at 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059, India.

Shareholders and potential investors should take note of the record date and consult with their financial advisors regarding any actions they may need to take in light of this corporate event. As always, it's crucial to consider one's investment goals and risk tolerance when making investment decisions.

Historical Stock Returns for Dev Information Technology

1 Day5 Days1 Month6 Months1 Year5 Years
-0.75%+2.47%+6.55%-24.38%-20.04%+335.85%
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DEV IT Clinches INR 1.29 Crore Contract from NICSI for Integrated Financial Management System

1 min read     Updated on 22 Jul 2025, 02:37 PM
scanxBy ScanX News Team
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Overview

Dev Information Technology Limited has won a contract worth INR 1.29 crore from the National Informatics Centre Services Incorporated (NICSI) to develop an Integrated Financial Management System (IFMS). The project includes components such as pension management, treasury operations, and mobile application development. Expected to be completed in 2-3 months, this fixed-cost domestic contract showcases DEV IT's expertise in government technology solutions and its ability to handle complex financial management systems.

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*this image is generated using AI for illustrative purposes only.

Dev Information Technology Limited (DEV IT) has secured a significant contract worth INR 1.29 crore from the National Informatics Centre Services Incorporated (NICSI). The project involves the development of an Integrated Financial Management System (IFMS), showcasing DEV IT's expertise in delivering complex government technology solutions.

Project Scope

The comprehensive IFMS project encompasses several key components:

  • Pension and Employee Management
  • Works Accounts Management
  • Bank Disbursement Engine
  • Core Treasury Operations
  • Online Bill Payments
  • Budget Volume and Expenditure Management
  • Mobile Application Development

Contract Details

Aspect Details
Client National Informatics Centre Services Incorporated (NICSI)
Contract Value INR 1.29 Crore
Nature Fixed-cost, Domestic
Expected Completion 2-3 months

Strategic Significance

This contract win underscores DEV IT's capabilities in several areas:

  1. Expertise in Government Solutions: The project demonstrates the company's proficiency in delivering complex, large-scale technology solutions for government entities.

  2. Customized Approach: DEV IT's success in securing this project is attributed to its deep understanding of client needs and innovative solution design.

  3. Strong Track Record: The company's history of successfully executing similar projects played a crucial role in winning this engagement.

  4. Diverse Technological Capabilities: The project scope showcases DEV IT's ability to handle various aspects of financial management systems, from core operations to mobile application development.

Company Statement

In its regulatory filing, DEV IT emphasized that this order reflects its proven capabilities in delivering complex government technology solutions. The company highlighted its customized and innovative approach to solution design and its strong, collaborative delivery model as key factors in securing this project.

The successful execution of this project could potentially strengthen DEV IT's position in the government technology solutions sector and may lead to similar opportunities in the future. However, as with any project, timely completion and effective implementation will be crucial for realizing the full benefits of this contract.

Historical Stock Returns for Dev Information Technology

1 Day5 Days1 Month6 Months1 Year5 Years
-0.75%+2.47%+6.55%-24.38%-20.04%+335.85%
Dev Information Technology
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