Dev Labtech Venture Ltd — Others, 30-04-2025: Corp Action

Dev Labtech Venture Limited's Board has approved the conversion of 560,000 warrants into equity shares, resulting in the allocation of new shares at an issue price of Rs. 62 each, which includes a premium of Rs. 52. The preferential allotment to promoters will inject Rs. 2.60 crore into the company and increases the paid-up capital to Rs. 11.86 crore, expanding the total number of equity shares to 11,863,139. This move solidifies the promoters' stake to 56.69%, enhancing their control and potentially signaling confidence in the company's future.