Dev Information Technology Limited — Others, 25-11-2024: Amendment to AOA/MOA

Dev Information Technology Limited has announced a board meeting where the directors approved a sub-division of existing equity shares, decreasing the face value from ₹5 to ₹2, pending shareholder approval. This move aims to enhance stock liquidity and attract more retail investors. The authorized share capital will also be adjusted accordingly, expanding the number of shares from 4 crore to 10 crore. An Extra Ordinary General Meeting is scheduled for December 20, 2024, to discuss these changes. This development is likely to foster a positive outlook among investors, increasing share accessibility and potentially boosting interest.