Dev IT Approves Stock Split in 2:5 Ratio, Record Date Set for August 21

Ahmedabad, July 25, 2025 – Dev Information Technology Ltd (NSE: DEVIT | BSE: 543462) announced on Friday that its Board of Directors has approved a stock split of its equity shares. The move involves a sub-division of one equity share of face value ₹5 each into equity shares of face value ₹2 each, effectively increasing the number of outstanding shares in a 2.5:1 ratio.

The decision was finalised during the company’s board meeting held on July 25, 2025, and the record date for the share split has been fixed as Thursday, August 21, 2025.

Key Details of the Corporate Action

• The company has announced a stock split to improve share liquidity and affordability.
• Face value per share will be revised from ₹5 to ₹2 after the split.
• For every 1 share held, shareholders will receive 2.5 shares, effectively a 5:2 split ratio.
• The record date for this stock split is set as August 21, 2025.

Purpose of Sub-Division

The company stated in its filing that the share split is aimed at boosting stock liquidity and attracting more retail investors. By reducing the face value, the shares become more affordable and accessible to small investors. Dev Information Technology’s equity shares are listed on both the NSE (under the symbol DEVIT) and BSE (code 543462).

Board Meeting Outcome Summary

• The board approved a share split, converting 1 equity share of ₹5 into shares of ₹2 each.
• The record date for the share split has been set as Thursday, August 21, 2025.
• The board meeting commenced at 1:00 PM and concluded at 2:05 PM.

Regulatory Reference

This corporate action falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the timely disclosure of material events by listed entities.

Dev Information Technology Stock Performance

Dev Information Technology shares have gained ₹114.74, representing a 0.46% increase as of July 25, 2025.  Dev Information Technology has declined 19% over the last year, 30% year-to-date, and gained 6.8% in the previous month.

Dev Information Technology Ltd stock opened at ₹117.00 today. It touched a high of ₹117.90 and a low of ₹111.24 during the session. The company’s market capitalisation stands at ₹258.56 crore. Over the last year, the stock reached a 52-week high of ₹191.00 and a low of ₹94.43.

About Dev Information Technology

Dev Information Technology Limited is a publicly listed IT solutions provider with operations across Gujarat, Maharashtra, Rajasthan, and an international presence in Canada. The company specialises in cloud services, digital transformation, enterprise and mobile applications, as well as managed IT solutions.

The stock split is expected to enhance market accessibility and strengthen the company’s presence in the retail investor segment.

REF:https://nsearchives.nseindia.com/corporate/DEVIT_25072025140949_BmOutcome25072025.pdf

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