Dev Labtech Venture Ltd — Board Meeting, 30-04-2025: Board Meeting

Dev Labtech Venture Limited's Board has reviewed and approved several key business items. The board noted that all directors are qualified and complied with various company regulations. Approval was granted for the preferential allotment of 560,000 equity shares following the conversion of warrants at an issue price of Rs. 62 per share, raising Rs. 2.60 Crore. Consequently, the company's paid-up capital increases to Rs. 11.86 Crore. The board also authorized its executives to handle related regulatory filings. Shareholding adjustments show an increased stake for promoters to 56.69%. This move enhances the company's capital and strengthens the promoter's position, which could positively impact investor confidence.