Dev Information Technology Limited — Important, 16-12-2024: Updates

The Nomination and Remuneration Committee of Dev Information Technology Limited has approved the allotment of 49,414 equity shares, each with a face value of Re. 5, through the exercise of vested options under the Employee Stock Option Plan – 2018. This allotment does not include shares for the company's directors. Following this issuance, the company’s paid-up capital will rise to ₹11,26,70,465, divided into 2,25,34,093 equity shares. This move indicates the company's ongoing commitment to employee incentives and could improve retention and motivation among staff, suggesting a positive outlook for employee engagement and productivity.