Dev Information Technology has reported a substantial share disposal by a promoter group member through open market transactions. The disclosure, filed under SEBI regulations on March 6, 2026, reveals significant changes in the shareholding pattern of the technology company.

Share Disposal Details

Pravinaben Pradyumna Shah, identified as an immediate relative of a promoter, executed the share sale on March 5, 2026. The transaction involved the disposal of equity shares carrying voting rights through open market operations.

Shareholding Changes

The share disposal resulted in a notable reduction in the promoter group's stake in the company. The transaction details show the complete breakdown of shareholding before and after the disposal.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mr. Prerak Pradyumna Shah filed the disclosure on behalf of the seller, acting as the representative for the promoter group.

The filing confirms that the company's equity share capital structure remains unchanged following the transaction:

• Total Equity Shares: 11,26,70,464 shares
• Face Value: ₹2 per share
• Listing: National Stock Exchange of India Limited and BSE Limited

Market Impact

The share disposal represents a reduction of 1.77 percentage points in the promoter group's collective holding. The transaction was completed entirely through open market sales, indicating normal market operations without any off-market or preferential arrangements. The company has notified both stock exchanges where its shares are listed, ensuring full transparency and regulatory compliance.

Dev Information Technology Limited's promoter group has significantly reduced their collective shareholding through a substantial open market disposal, as disclosed in a regulatory filing dated March 5, 2026. The transaction represents a strategic divestment by the company's founding members.

Transaction Overview

The disposal involved three promoter group members selling equity shares through open market operations on March 2, 2026. The transaction was conducted in compliance with standard market procedures for substantial shareholding changes.

Shareholding Changes

The promoter group's collective ownership in Dev Information Technology decreased substantially following this disposal. The transaction involved three key promoter group members with varying disposal quantities.

Individual Promoter Analysis

Jaimin Jagdishbhai Shah, who disposed the largest quantum of shares, reduced his individual holding by 5.26 percentage points while maintaining the highest individual stake at 5.69%. Pranav Niranjan Pandya executed the most significant proportional reduction, disposing 85.46% of his holdings to retain only 0.45% ownership.

Company Structure

Dev Information Technology Limited maintains its equity structure with a total share capital of 11.27 crore equity shares of Rs. 2.00 each. The company's shares continue to be actively traded on both NSE and BSE, providing adequate liquidity for such substantial transactions.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no encumbrances, voting rights other than equity shares, or convertible securities were involved in this disposal. All regulatory requirements for substantial shareholding disclosure have been fulfilled, ensuring complete transparency in the divestment process.