Dev Information Technology Limited has received regulatory disclosure from XDuce Technologies Private Limited regarding additional stake acquisition through open market transactions. According to the disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, XDuce Technologies has increased its holding to 23.57% through strategic acquisitions on March 10-11, 2026.

Latest Acquisition Details

XDuce Technologies acquired an additional 62,734 shares representing 0.11% of the total share capital through open market transactions. This acquisition increased the company's holding from 13,217,205 shares (23.46%) to 13,279,939 shares (23.57%) in Dev Information Technology Limited.

Regulatory Compliance and Disclosure

The disclosure was submitted to both National Stock Exchange of India Limited (Trading Symbol: DEVIT) and BSE Limited (Trading Symbol: 543462) in compliance with SEBI regulations. The formal communication was signed by P. N. Pandya, Director of XDuce Technologies Private Limited, confirming the acquisition details and regulatory adherence.

Company Profile and Market Position

Dev Information Technology Limited, incorporated in 1997 and listed on NSE & BSE, operates from its registered office at Aaryans Corporate Park, Ahmedabad. The company maintains offices across Gujarat, Maharashtra, Rajasthan, and Canada, with total equity share capital of 11,26,70,464 equity shares of ₹2.00 each.

XDuce Technologies Private Limited, the acquirer, operates from 7th Floor, 3rd Eye Three, Navrangpura, Ahmedabad, with CIN U72900GJ2008PTC055344. The strategic acquisition demonstrates continued confidence in Dev Information Technology's business prospects and market position in the technology sector.

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.