Dev Information Technology has secured a significant contract worth ₹93.00 lakhs from the National Informatics Centre Services Incorporated (NICSI) for deployment of IT professionals on a Time Material basis. The project involves comprehensive IT services for the Bureau of Indian Standards, India's premier national standards organization, located at Manak Bhawan, New Delhi.

Contract Specifications

The order encompasses design, development, implementation and maintenance of application software and website services specifically tailored for the Bureau of Indian Standards' requirements. This contract represents a significant addition to Dev Information Technology's project portfolio in the government sector.

Project Implementation

The deployment will commence as per the Work Order timelines, with IT professionals providing services at the Bureau of Indian Standards' New Delhi office. The company has confirmed readiness to begin operations according to the predetermined schedule, demonstrating operational preparedness for timely project delivery.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this order does not fall within related party transactions and that no promoter or group companies have any interest in the awarding entity.

Strategic Significance

This order win strengthens Dev Information Technology's position in the government IT services sector. Working with NICSI, a key government technology services provider, and developing solutions for the Bureau of Indian Standards positions the company within India's digital governance ecosystem. The Bureau of Indian Standards plays a crucial role in establishing and maintaining quality standards across various industries in India, making this a strategically important client engagement.

Dev Information Technology Limited (Dev IT) held an Extraordinary General Meeting (EGM) on November 18, 2025, where shareholders approved a significant corporate action. The meeting, which took place via video conferencing, saw the approval for the issuance of up to 1,50,00,000 (1.5 crore) fully convertible warrants on a preferential basis.

Key Highlights of the EGM

• Approval Granted: Shareholders approved the issuance of up to 1.5 crore fully convertible warrants.
• Meeting Format: The EGM was conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
• Timing: The meeting commenced at 4:00 PM and concluded at 4:28 PM.
• Chairman: Mr. Pranav Niranjan Pandya chaired the meeting.

Revisions to Documentation

In the process of obtaining in-principle approval for the preferential allotment from the National Stock Exchange (NSE) and BSE Limited, Dev IT made several revisions to key documents:

1. PCS Certificate:

   • Clause 6 (pricing certificate) on page 2 and clause 7 on page 7 were revised.
   • These clauses relate to the '10 trading days VWAP of the relevant equity shares quoted on a recognized stock exchange preceding the relevant date'.

2. Valuation Report:

   • Clerical and computational errors on pages 17, 18, and 22 were identified and corrected.

Important Note on Revisions

The company emphasized that these revisions were made to correct clerical errors and did not affect the per-share price of the warrants proposed to be issued. This clarification is crucial for maintaining transparency with shareholders and potential investors.

Voting Process

• Remote e-voting facility was provided to members prior to the EGM.
• Additional e-voting was available for 15 minutes post-conclusion of the EGM for those who hadn't cast their votes earlier.
• A scrutinizer will check the votes and include them in the final e-voting results.

Management Insights

Mr. Jaimin J. Shah, the Managing Director, provided a brief overview of the proposed transaction and detailed explanations on the 'Objects of Issue'. This presentation likely offered shareholders valuable context for the warrant issuance.

Next Steps

1. The scrutinizer's report on voting will be submitted to the Stock Exchange.
2. Voting results will be:
   • Submitted to the Stock Exchange
   • Uploaded on the company's official website ( www.devitpl.com )
   • Placed at the company's registered office

This corporate action by Dev Information Technology Limited represents a significant move that could impact the company's capital structure and potentially its future growth strategies. Shareholders and market observers will likely be keen to see how the company utilizes this approved issuance of convertible warrants in its upcoming business plans.