Devinsu Trading Limited has officially appointed Mr. Deniis Desai as Additional Director (Non-Executive) effective December 30, 2025. The appointment was formalized during a board meeting held on the same date, based on recommendations from the company's Nomination and Remuneration Committee.

Board Meeting Details

The board meeting commenced at 15:30 hrs IST and concluded at 16:00 hrs IST on December 30, 2025. The company has filed the necessary compliance documentation with BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Deniis Desai has been appointed as Non-Executive and Non-Independent Additional Director. The appointment is subject to shareholder approval as required under Regulation 17(1C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Mr. Deniis Desai brings substantial professional experience to the board with over 18 years of strategic advisory expertise in real estate and education sectors. He completed his Master of Management Studies from the University of Mumbai in 2004.

Regulatory Compliance

The company has confirmed full regulatory compliance for the appointment. In accordance with SEBI Letter dated June 14, 2018, and BSE Circular LIST/COMP/14/2018-19 dated June 20, 2018, Devinsu Trading has verified that Mr. Desai has not been debarred from holding directorial positions by SEBI or any other regulatory authority. The appointment strengthens the company's board composition with experienced professional expertise in strategic advisory roles.

Devinsu Trading Limited has disclosed the completion of a substantial acquisition by Deniis Desai, who has acquired 91,493 equity shares representing an 18.30% stake in the company. The acquisition was completed on December 20, 2025, pursuant to a Share Purchase Agreement dated July 9, 2025.

Acquisition Details

The substantial acquisition disclosure filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 reveals the following key details:

Share Capital Structure

The company's equity share capital remains unchanged following the transaction:

Regulatory Compliance

Deniis Desai, identified as the acquirer and belonging to the promoter group, has filed the mandatory disclosure with BSE Limited on December 23, 2025. The acquisition was executed through an off-market transaction pursuant to the Share Purchase Agreement, with the open offer being triggered by virtue of the share purchase agreement entered on July 9, 2025.

Management Transition Context

This acquisition completion aligns with the company's earlier announcement of a board meeting scheduled for December 26, 2025, where Deniis Desai's appointment as director was to be formalized. The substantial stake acquisition establishes Desai's significant ownership position in the company, marking a crucial step in the management transition process.

Strategic Implications

The 18.30% stake acquisition by Deniis Desai represents a significant ownership position in Devinsu Trading Limited. This substantial holding, combined with the planned directorship, positions Desai to influence the company's strategic direction and operational decisions going forward.

The completion of this acquisition, following the formal share purchase agreement and regulatory compliance requirements, establishes a new ownership structure for the Mumbai-based trading company.