Dev Information Technology has secured a significant contract worth ₹26.00 lakh from Core Technologies for providing comprehensive AutoCAD services to the Government of India under the Ministry of Defence. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Contract Specifications and Scope

The contract encompasses AutoCAD services including specialized toolsets with AD Commercial Product featuring Offline Subscription, New Multi-User, Non-Language Specific (Windows) capabilities. The comprehensive service offering includes multiple specialized components designed to meet government requirements.

Contract Parameters and Timeline

The fixed-cost domestic contract represents a strategic engagement with Core Technologies as the awarding entity. The project timeline and key parameters demonstrate the focused nature of the technical services to be delivered.

Regulatory Compliance and Corporate Governance

The company has confirmed that this contract does not involve any related party transactions and has been awarded at arm's length. The promoter group has no interest in the entity that awarded the contract, ensuring complete transparency in the business engagement. The contract falls under domestic operations and will be executed for Goa Shipyard Ltd under the Ministry of Defence.

Strategic Significance for Defence Sector

This contract win reinforces Dev Information Technology's position in providing specialized technical services to government clients, particularly in the defence sector. The engagement demonstrates the company's capability to deliver comprehensive AutoCAD solutions that meet stringent government requirements and compliance standards, positioning it well for future government contracts in the technical services domain.

Promoters of Dev Information Technology Limited have executed a significant stake sale through open market transactions, reducing their collective shareholding by 13.16% of the company's total equity capital. The transaction was formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share disposal was completed on December 31, 2025, involving two key promoter group members. The transaction details reveal a substantial reduction in promoter holdings:

Amisha Jayminbhai Shah sold 45 lakh shares, reducing her stake from 13.82% to 5.83%, while Pratibhaben Mhanlal Desai completely divested her entire holding of 29.13 lakh shares, bringing her stake to zero.

Company Share Capital Structure

The company's equity share capital remained unchanged following the transaction. Key capital structure details include:

Regulatory Compliance and Filing

The disclosure was filed on January 2, 2026, with both NSE and BSE, signed by Mrs. Amisha Jaimin Shah on behalf of the promoter group. The filing confirms that the transaction involved no encumbrances, voting rights other than equity shares, or convertible securities. All shares sold carried standard voting rights without any special conditions or restrictions.

Market Impact

The open market sale represents a significant change in the company's ownership structure, with promoter holding dropping from nearly one-fifth to less than 6% of total equity. The transaction was executed entirely through open market mechanisms, ensuring price discovery through regular trading channels.

The company's total diluted share capital remains at 11.27 crore equity shares post-transaction. The substantial reduction in promoter shareholding marks a notable shift in the company's ownership pattern, with the remaining promoter stake now concentrated with Amisha Jayminbhai Shah.