Dev Information Technology Ltd. Holds 29th AGM, Approves FY26 Financials & 5% Dividend
Dev Information Technology Limited's 29th AGM on Sept 30, 2026, approved FY26 financials and a 5% dividend (₹0.10/share). Mr. Prerak Shah was re-appointed, and Mr. Jayesh Dave and Ms. Bhawika Ogra were appointed as directors. Several related party transactions were also approved.
The approval of financial statements and dividend declaration are standard for an AGM. However, the appointment of new directors and the approval of multiple related party transactions can have a medium-term impact on the company's governance and strategic direction.
The company successfully conducted its AGM, approved financial statements, declared a dividend, and made key directorial appointments, all indicating positive corporate governance and operational progress.
Dev Information Technology Limited held its 29th Annual General Meeting (AGM) on September 30, 2026, at 04:00 P.M. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting was chaired by Mr. Pranav Niranjan Pandya.
During the AGM, shareholders approved the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026, along with the Reports of the Directors and Auditors. A dividend of 5% (₹0.10 per equity share) was declared for the Financial Year ended March 31, 2026.
Key appointments were made: Mr. Prerak Pradyumna Shah was re-appointed as Whole-time Director, Mr. Jayesh Madhusudan Dave was appointed as Non-executive, Non-independent, Nominee Director, and Ms. Bhawika Ogra was appointed as Non-executive, independent director.
Furthermore, shareholders approved several material related party transactions. These included transactions between the Company and its subsidiary, Dev Info-Tech North America Limited, with M/s Dhyey Consulting Services Private Limited and M/s Dynamics Stars LLC. Additionally, transactions with M/s XDuce Corporation, M/s Dynamics Stars LLC, M/s Dhyey Consulting Services Private Limited, and M/s Byte Technosys Private Limited were also approved.
The meeting concluded at 04:42 P.M. The Company Secretary informed that the voting results of the 29th AGM would be submitted to the Stock Exchange, uploaded on the company's website, and placed at the registered office.
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Dev Information Technology Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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