Dev Information Technology Limited — Others, 23-01-2025: Rumour Verification - Regulation 30(11)

Dev Information Technology Limited has issued a clarification regarding misinformation circulating in media, which incorrectly associated Managing Director Mr. Jaimin Shah with the diamond business in Surat. The company emphasizes that Mr. Shah is not connected to this business and categorically denies any association with the rumors. This announcement aims to reassure stakeholders about the integrity of information and the company's commitment to transparency and accurate disclosures.

From an investor perspective, this prompt clarification may foster a positive outlook, mitigating potential reputational risks and reinforcing trust in the company's governance practices.