Dev Labtech Venture Secures BSE Trading Approval for 5.6 Lakh Preferential Shares

1 min read     Updated on 01 Aug 2025, 07:27 PM
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Overview

Dev Labtech Venture Limited (DEVLAB) has received trading approval from BSE for 5,60,000 equity shares issued on a preferential basis to promoters through warrant conversion. The shares have a face value of Rs. 10.00 and a premium of Rs. 52.00. Trading approval was granted on August 01, 2025, with listing and trading set to begin on August 04, 2025. The company has complied with SEBI regulations in notifying the exchange.

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

Dev Labtech Venture Limited (DEVLAB), a BSE SME-listed company, has achieved a significant milestone in its capital raising efforts. The company recently received trading approval from the Bombay Stock Exchange (BSE) for 5,60,000 equity shares, marking an important step in its growth strategy.

Key Details of the Share Issuance

Detail Value
Number of Shares 5,60,000
Face Value Rs. 10.00
Premium Rs. 52.00
Distinctive Numbers 11303140 to 11863139
Issuance Type Preferential basis to promoters through warrant conversion
Scrip Code 543848
Scrip ID DEVLAB
ISIN INE0NIJ01017

Trading Approval and Listing

The BSE granted trading approval for these shares on August 01, 2025. According to the company's intimation to the exchange, the newly issued securities will be listed and available for trading on the BSE starting from August 04, 2025.

Regulatory Compliance

Dev Labtech Venture Limited has duly informed the BSE about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Mr. Jerambhai Lavjibhai Donda, the Chairman & Managing Director of the company.

Company Background

Dev Labtech Venture Limited, formerly known as Dev Labtech Venture Private Limited and Jay Gems (India) Private Limited, is headquartered in Bhavnagar, Gujarat. The company also maintains offices in Surat and Mumbai, indicating its presence in key business centers of western India.

This share issuance and subsequent trading approval represent a strategic move for Dev Labtech Venture Limited, potentially strengthening its capital base and providing additional resources for future growth initiatives.

Historical Stock Returns for Dev Labtech Venture

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Dev Labtech Expands Global Footprint with U.S. Subsidiary Share Acquisition

1 min read     Updated on 02 Jul 2025, 08:33 PM
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Reviewed by
ScanX News Team
Overview

Dev Labtech Venture has acquired additional shares in its U.S. subsidiary, strengthening its international presence. This strategic move aims to enhance the company's market position and operational capabilities in the United States. The acquisition is part of Dev Labtech's global expansion strategy, potentially improving its ability to serve international clients, facilitate knowledge transfer, and open doors to new partnerships in the North American market. Financial details and the specific increase in ownership percentage were not disclosed.

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

Dev Labtech Venture , a prominent player in the technology sector, has made a strategic move to strengthen its international presence by acquiring additional shares in its U.S. subsidiary. This acquisition marks a significant step in the company's global expansion strategy, aimed at enhancing its market position and operational capabilities in the United States.

Strategic Expansion

The recent share purchase in the U.S. subsidiary underscores Dev Labtech Venture's commitment to growing its international operations. By increasing its stake in the American market, the company is poised to:

  • Strengthen its foothold in the competitive U.S. technology landscape
  • Leverage local expertise and resources more effectively
  • Accelerate its growth trajectory in one of the world's largest tech markets

Global Market Ambitions

Dev Labtech Venture's decision to invest further in its U.S. operations aligns with its broader vision of becoming a global leader in the technology industry. This move is expected to:

  • Enhance the company's ability to serve international clients
  • Facilitate knowledge transfer and technological synergies between Indian and U.S. operations
  • Potentially open doors to new partnerships and collaborations in the North American market

Implications for Stakeholders

For investors and industry observers, this development signals Dev Labtech Venture's proactive approach to international expansion. The increased investment in the U.S. subsidiary may lead to:

  • Diversification of revenue streams
  • Potential for increased market share in the global technology sector
  • Enhanced value proposition for clients seeking comprehensive, cross-border technology solutions

As Dev Labtech Venture continues to execute its global growth strategy, stakeholders will be keen to observe how this acquisition translates into tangible business outcomes and market positioning in the coming months.

The company has not disclosed the financial details of the transaction or the specific percentage increase in ownership of the U.S. subsidiary. Investors and analysts will likely look forward to further updates from Dev Labtech Venture regarding the integration process and the expected impact on the company's international business operations.

Historical Stock Returns for Dev Labtech Venture

1 Day5 Days1 Month6 Months1 Year5 Years
+1.36%+4.94%+29.30%+32.07%+1.46%+60.36%
Dev Labtech Venture
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