Dev Information Technology logo

Dev Information Technology MD, chairman, board of directors and AGM

NSE: DEVITBSE: 543462IT - ServicesSmall Cap

Last close ₹17.98down ₹0.74 (3.95%)BSE ₹18.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹18.72.

52-week range of traded prices to 23 Oct 2026
₹17.51Low, 23 Oct 2026₹44.00High, 20 Nov 2025
Market cap
₹102 Cr2,540th largest listed
P/E
1.4
P/E without one-offs
Lossover the last 12 months
P/B
0.9
Dividend yield
0.56%
ROE
85.1%
ROE without one-offs
−20.0%
ROCE
0.1%
Debt to equity
0.27
Volume, NSE
44,54866.9% delivered

Dev Information Technology board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorJAIMINBHAI JAGDISHBHAI SHAH
  • ChairpersonPRANAV NIRANJAN PANDYA
  • Company Secretary and Compliance OfficerKrisa Shah

8 directors4 independent4 executive

  • JAIMINBHAI JAGDISHBHAI SHAH · Managing directorExecutive · joined Dec 1997 · reappointed Feb 2022 · 4 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • PRANAV NIRANJAN PANDYA · ChairpersonExecutive · joined Dec 1997 · reappointed Feb 2022 · 1 listed board · 1 committee seat
  • VISHAL VASUExecutive · joined Jul 2014 · reappointed Feb 2022 · 2 listed boards · 1 as independent
  • PRERAK PRADYUMNA SHAHExecutive · joined Jul 2014 · reappointed Feb 2022 · 1 listed board
  • RAMA MOONDRAIndependent · joined Mar 2017 · reappointed Mar 2022 · 111 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • VENKATA RAMA SUBBA RAO VELAMURIIndependent · joined Mar 2017 · reappointed Mar 2022 · 111 months as independent · 1 listed board · 1 as independent · 4 committee seats, 2 as chair
  • UMESH RATEJAIndependent · joined Jun 2022 · 78 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • BHAVIN SANJAYBHAI BHAGATIndependent · joined Dec 2024 · 18 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 Jun 20267 of 8 present3 independent · 32 days in between
    • 28 May 20268 of 8 present4 independent · 12 days in between
    • 15 May 20267 of 8 present3 independent · 44 days in between
    • 31 Mar 20267 of 8 present3 independent · 3 days in between
    2 earlier meetings
    • 27 Mar 20268 of 8 present4 independent · 44 days in between
    • 10 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair VENKATA RAMA SUBBA RAO VELAMURI

    RAMA MOONDRA, JAIMINBHAI JAGDISHBHAI SHAH, UMESH RATEJA

    • 28 May 20264 of 4 present3 independent · 57 days in between
    • 31 Mar 20263 of 4 present2 independent · 3 days in between
    • 27 Mar 20264 of 4 present3 independent · 44 days in between
    • 10 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair VENKATA RAMA SUBBA RAO VELAMURI

    RAMA MOONDRA, UMESH RATEJA

    • 27 Mar 20263 of 3 present3 independent · 44 days in between
    • 10 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair VENKATA RAMA SUBBA RAO VELAMURI

    RAMA MOONDRA, PRANAV NIRANJAN PANDYA

    • 10 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair PRANAV NIRANJAN PANDYA

    VENKATA RAMA SUBBA RAO VELAMURI, JAIMINBHAI JAGDISHBHAI SHAH, PRERAK PRADYUMNA SHAH

    • 27 Mar 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. Rinkesh Shah & Co.Peer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Dev Information Technology AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Dev Information Technology dividend history

Annual general meeting, 30 Sep 2026

28,490 shareholders on the register on 23 Sep 2026; present: 6 promoters and 55 others; votes counted by Murtuza Mandorwala & Associates / Murtuza Mandorwala.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with Reports of the Directors and Auditors thereonMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  2. To declare dividend on equity shares at the rate of 5% i.e. Rs. 0.10/- per share on Equity Shares of the Company for the Financial Year ended March 31, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  3. Re-appointment of Director retiring by rotation To re-appoint Whole-time Director in place of Mr. Prerak Pradyumna Shah (DIN: 02805369), who retires by rotation and being eligible offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.60% · promoters 90.28% · institutions 0.00% · other public 52.10%

  4. To appoint Mr. Jayesh Madhusudan Dave (DIN: 01932331) as a Non-executive, Non-independent, Nominee Director of the company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 42.95% · promoters 90.28% · institutions 0.00% · other public 13.59%

  5. To appoint Ms. Bhawika Ogra (DIN: 00508505) as a Non-executive, independent director of the company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  6. To approve material related party transaction(s) between the Company and Ms Dev Info- Tech North America Limited, Subsidiary of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  7. To approve material related party transaction(s) between the Ms Dev Info- Tech North America Limited, subsidiary company and Ms Dhyey Consulting Services Private Limited, subsidiary of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  8. To approve material related party transaction(s) between the Ms Dev Info- Tech North America Limited, a subsidiary company and Ms Dynamics Stars LLC, a step down subsidiary company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  9. To approve Material Related Party Transaction(s) between Ms. Dev Information Technology Limited and Ms. XDuce Corporation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  10. To approve Material Related Party Transaction(s) between Ms. Dev Information Technology Limited and Ms Dynamics Stars LLC, a step-down Subsidiary of the company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  11. To approve Material Related Party Transaction(s) between Ms. Dev Information Technology Limited and Ms Dhyey Consulting Services Private Limited, Subsidiary of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

  12. To approve Material Related Party Transaction(s) between Ms. Dev Information Technology Limited and Ms Byte Technosys Private Limited, an Associate of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 66.64% · promoters 90.28% · institutions 0.00% · other public 52.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Nov 2025, 1 resolution

31,888 shareholders on the register on 11 Nov 2025; present: 7 promoters and 44 others; votes counted by Murtuza Mandorwala & Associates / Murtuza Mandorwala.The company's voting result (opens in a new tab)

  1. Approval for Issuance of upto 1,50,00,000 fully Convertible Warrants on Preferential Basis and matters related therewith
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 66.01% · promoters 94.32% · institutions 0.00% · other public 10.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 9 resolutions

34,981 shareholders on the register on 23 Sep 2025; present: 6 promoters and 51 others; votes counted by Murtuza Mandorwala & Associates / Murtuza Mandorwala.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  2. To declare dividend on equity shares at the rate of 5 percent i.e. Rs.0.10 per share on Equity Shares of the Company for the Financial Year ended March 31, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  3. To re-appoint Whole-time Director in place of Mr. Vishal N. Vasu (DIN: 02460597), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  4. Re-appointment of Ms Rinkesh Shah and Co., Chartered Accountants as the Statutory Auditors of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  5. Appointment of Ms. Murtuza Mandorwala and Associates, Practicing Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  6. To approve material related party transaction(s) between the Company and Ms Dev Info-Tech North America Limited, Subsidiary of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  7. To approve material related party transaction(s) between the Ms Dev Info-Tech North America Limited, subsidiary company and Ms Dhyey Consulting Services Private Limited,
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  8. To approve material related party transaction(s) between the Ms Dev Info-Tech North America Limited, a subsidiary company and Ms Minddefft Technologies Private Limited,
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

  9. To approve material related party transaction(s) between the Ms Dev Info-Tech North America Limited, a subsidiary company and Ms Dynamics Stars LLC, a Wholly owned
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.90% · promoters 94.32% · institutions 4.52% · other public 9.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 20 Dec 2024, 3 resolutions

Present: 10 promoters and 31 others.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Bhavin Sanjaybhai Bhagat (DIN: 06461457) as an Independent Non-Executive director of the company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 61.33% · promoters 83.89% · institutions 0.00% · other public 12.94%

  2. To approve sub-division/split of equity shares of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.33% · promoters 83.89% · institutions 0.00% · other public 12.94%

  3. To approve alteration of Capital Clause of the Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.33% · promoters 83.89% · institutions 0.00% · other public 12.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 6 resolutions

Present: 6 promoters and 28 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited StandalonenFinancial Statements and Audited Consolidated FinancialnStatements of the Company for the Financial Year ended 31stnMarch, 2024 together with Reports of the Directors and Auditorsnthereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 74.64% · promoters 99.62% · institutions 0.00% · other public 15.97%

  2. To declare dividend on equity shares at the rate of 5% i.e. 'n0.25/- per share on Equity Shares of the Company for thenFinancial Year ended 31st March, 2024.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 74.64% · promoters 99.62% · institutions 0.00% · other public 15.97%

  3. To re-appoint Whole-time Director in place of Mr. Pranav NiranjannPandya (DIN: 00021744), who retires by rotation and beingneligible offers himself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 74.64% · promoters 99.62% · institutions 0.00% · other public 15.97%

  4. To approve and amend material related party transaction limitsnwith M/s Dev Infotech North America
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 70.87% · promoters 94.24% · institutions 0.00% · other public 15.97%

  5. To approve Dev Information Technology Limited - EmployeesnStock Option Plan 2024 ('DITL-ESOP 2024' or 'ESOP 2024' orn'Plan')
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 70.87% · promoters 94.24% · institutions 0.00% · other public 15.97%

  6. Issue of Equity Shares to the eligible employees of the Company'snsubsidiary companies under Dev Information TechnologynEmployee Stock Option Plan - 2024 ('ESOP 2024' or 'Plan')
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 70.86% · promoters 94.24% · institutions 0.00% · other public 15.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 9 Jan 2024, 1 resolution

Present: 8 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To Offer, Issue and Allot Equity Shares on Preferential Basis for consideration other than cash
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.52% · promoters 97.90% · institutions 0.00% · other public 4.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2023, 3 resolutions

Present: 12 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.12% · promoters 99.91% · institutions 0.00% · other public 17.53%

  2. To declare dividend on equity shares at the rate of 5% i.e. Rs.0.25/- per share on Equity Shares of the Company for the Financial Year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.12% · promoters 99.91% · institutions 0.00% · other public 17.53%

  3. Re-appointment of Director retiring by rotation: To re-appoint Whole-time Director in place of Mr. Prerak Pradyumna Shah (DIN: 02805369), who retires by rotation and being eligible offers himself for re-appointmentMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.12% · promoters 99.91% · institutions 0.00% · other public 17.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 1 Sep 2023, 1 resolution

Present: 9 promoters and 33 others.The company's voting result (opens in a new tab)

  1. Issue of equity shares on Preferential basis to the person belonging to the Non- Promoter category
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.42% · promoters 99.91% · institutions 0.00% · other public 15.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 6 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.