Dev Information Technology Limited (DEVIT) has announced a plan to bolster its financial position through a preferential issue of convertible warrants. The company's board of directors has approved a proposal to raise funds by issuing warrants to Aeroflex Enterprises Limited, a non-promoter entity.

Key Details of the Warrant Issue

Regulatory Approvals and Shareholder Meeting

The proposed warrant issue is subject to several regulatory and shareholder approvals:

• Approval from regulatory and statutory authorities
• Shareholder approval at an upcoming Extraordinary General Meeting (EGM)
• Other necessary permissions and sanctions

The company has scheduled an EGM for November 18, 2025, to be held via video conferencing or other audio-visual means, where shareholders will vote on this proposal.

Board Meeting Details

The decision was made during a board meeting held on October 18, 2025, which commenced at 10:15 AM and concluded at 11:05 AM. The company has informed the stock exchanges about this development, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications and Next Steps

This move by Dev Information Technology Limited signifies an effort to raise capital, potentially for expansion or strengthening its financial position. The preferential allotment to a non-promoter entity could also indicate interest from external investors in the company's future prospects.

Investors and stakeholders will be watching the outcome of the EGM and the subsequent steps in this fundraising process. The successful completion of this warrant issue could provide DEVIT with financial resources to pursue its growth objectives.

As the company moves forward with this initiative, it will need to navigate the regulatory landscape and secure the necessary approvals to bring this fundraising plan to fruition.

Dev Information Technology Ltd. (DEVIT) has announced a significant milestone in its business operations, securing a work order worth approximately ₹82.00 lakhs from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The contract focuses on the development, maintenance, and support services for the WebMyWay project, an initiative aimed at enhancing portal and website services for government departments.

Project Details

The WebMyWay project is centered around an in-house Content Management System (CMS) that has already made substantial progress in digitizing government services. Key features of the project include:

• A centralized update mechanism for creating new websites
• Tools for adding webpages, sections, and components
• Development of over 82 individual websites and macro portals
• Creation of 742 microsites through the portal

Contract Specifics

DEVIT provided additional details about the contract in their regulatory filing:

Project Significance

The WebMyWay project plays a crucial role in the digital transformation of government services in Rajasthan. By providing a robust CMS platform, it enables various government departments to maintain and update their online presence efficiently. This contract underscores DEVIT's expertise in delivering digital solutions for the public sector.

Company Statement

Krisa Shah, Company Secretary and Compliance Officer of Dev Information Technology Limited, stated in the regulatory filing, "DEVIT has secured a significant work order from our prestigious client RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The project ensures that the relevant departments' information is delivered with the highest quality, responsiveness, and mobility."

This new contract reinforces Dev Information Technology's position in the government digital services sector and demonstrates the company's continued growth in securing valuable projects from state entities.