Dev Information Technology Approves Allotment of 6.23 Lakh Equity Shares Under ESOP Plan
Dev Information Technology Limited approved the allotment of 6,23,944 equity shares under its ESOP Plan 2024. The exercise price was ₹2.40 per option, realizing ₹14,97,465.6. The company's paid-up capital increased to ₹11,39,75,318 post-allotment.
The allotment of equity shares under an ESOP plan is a common practice and typically has a minimal impact on the company's stock price or overall market valuation, especially given the relatively small number of shares being issued compared to the total outstanding shares.
The announcement is a routine allotment of shares under an employee stock option plan, which is a standard corporate action and does not significantly impact the company's financial performance or outlook.
Dev Information Technology Limited announced the outcome of its Board Meeting held on Friday, September 11th, 2026. The Board approved the allotment of 6,23,944 equity shares of face value ₹2 each to eligible employees who exercised their stock options under the "Dev Information Technology Limited Employee Stock Option Plan – 2024". These shares will rank pari passu with the existing equity shares of the Company.
The meeting, which commenced at 04:00 P.M. and concluded at 04:35 P.M., also discussed the details of the stock options. The company had initially granted 2,52,186 stock options on August 8th, 2025, with a face value of ₹5 per share. Following a stock split effective August 21st, 2025, the face value was adjusted to ₹2 per share.
A total of 6,23,944 equity shares were exercised by employees. The exercise price was ₹2.40 per stock option, realizing ₹14,97,465.6 for the company. Options lapsed amounted to 6,522 shares. The total number of shares post-issue stands at 5,69,87,659, with a paid-up capital of ₹11,39,75,318.
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Dev Information Technology Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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