Dev Labtech Venture Ltd

Dev Labtech Venture Limited informed the BSE Limited that it has received a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, its Registrar and Share Transfer Agent (RTA).

Dev Labtech Venture Limited is proceeding with a preferential allotment of warrants, which will be converted into equity shares, with allotment dates yet to be determined pending shareholder approval. The offering involves preferential allotment to Promoter/Director Jerambhai Lavjibhai Donda, Whole-Time Director/CFO Jay Jerambhai Donda (a relative), Director Dimple Jay Donda (also a relative), Practicing Company Secretary Ricky Kapadia, and several non-promoter investors including Sachin Madhusudan Chhatre and Rajendrasinh Hathisinh Sarvaiya. Allottees will pay 25% of the consideration upon warrant allotment and the remaining 75% upon equity share conversion, with any unutilized funds forfeited if conversion doesn't occur within 18 months. The equity shares resulting from the warrant conversion will be listed on the BSE SME Platform and are subject to SEBI lock-in regulations, while a valuation report from Ricky Kapadia was used to determine the warrant price.

Dev Labtech Venture Limited announced a board decision to raise Rs 17.81 crore through the preferential allotment of up to 1,37,00,000 convertible warrants to promoter/promoter group and non-promoter shareholders at a price of Rs 13 per warrant, convertible into equity shares with a face value of Rs 5 each and a premium of Rs 8. The company also approved an increase in its authorized share capital from Rs 25 crore (divided into 5 crore equity shares of Rs 5 each) to Rs 31 crore (divided into 6,20,00,000 equity shares of Rs 5 each). Additionally, the board appointed Ricky Kapadia as the scrutinizer for the upcoming Extraordinary General Meeting (EGM) and fixed October 29, 2026, as the record date for e-voting eligibility.

Dev Labtech Venture Limited increased its authorized share capital from Rs 25 crore divided into 5 crore equity shares of Rs 5 each to Rs 31 crore divided into 6.2 crore equity shares of Rs 5 each. The company also approved the issuance of up to 1.37 crore convertible warrants to promoters, promoter groups, and non-promoters on a preferential basis at a price of Rs 13 each, potentially raising Rs 17.81 crore. Additionally, the board appointed Ricky Kapadia as the scrutinizer for the upcoming Extraordinary General Meeting (EGM), scheduled for November 5, 2026, and fixed October 29, 2026, as the record date for e-voting eligibility.

Dev Labtech Venture Limited said its board approved an increase in the authorized share capital from Rs 25 crore divided into 5 crore shares of Rs 5 each to Rs 31 crore divided into 6.2 crore shares of Rs 5 each. The board also approved the issuance of up to 13.7 million convertible warrants to promoters, promoter groups, and non-promoters on a preferential basis at a price of Rs 13 per warrant, potentially raising Rs 17.81 crore. The company has fixed October 29, 2026, as the record date for determining shareholders eligible to vote at an extraordinary general meeting scheduled for November 5, 2026.

Dev Labtech Venture Limited will hold a board meeting on Wednesday, October 7, 2026, at 3:00 p.m. to consider increasing the company’s authorized share capital and evaluating proposals for raising funds through the issue of equity shares or other convertible securities via a preferential allotment, subject to regulatory approvals. The company has also closed its trading window for insiders and designated persons from October 2, 2026, until 48 hours after the release of undisclosed price-sensitive information.

Dev Labtech Venture Limited informed the BSE Limited that the trading window for dealing in securities of the company will be closed from October 1, 2026, until 48 hours after the declaration of unaudited standalone and consolidated financial results for the half year ended September 30, 2026, in accordance with SEBI regulations.

Dev Labtech Venture Limited has entered into a Master Facility Agreement with HDFC Bank on September 5, 2026, to avail credit facilities of Rs 210.00 lakh for working capital requirements. The facility, an Overdraft Against Property - Manufacturers (ODAP-MFRS), carries an interest rate of 8.9% per annum and has a tenure of 12 months, repayable on demand and subject to annual renewal, with primary security provided as residential and commercial property.

Dev Labtech Venture Limited informed the BSE Limited that its Board of Directors approved the Directors’ Report for the financial year ended March 31, 2026, appointed Mr. Ricky Kapadia of M/s. RPK & Associates as Scrutinizer for the 33rd Annual General Meeting, and appointed National Securities Depository Limited for e-voting platform services, with a record date of September 19, 2026, for determining member eligibility to vote electronically at the 33rd Annual General Meeting scheduled for September 26, 2026, at 1:00 p.m. through video conferencing or other audio-visual means.

Dev Labtech Venture Limited informed the BSE that its board approved availing credit facilities of Rs 2.10 crore from HDFC Bank, and withdrew its earlier decision to strike off Dev Labtech Venture Inc. (USA), a wholly-owned subsidiary, citing present and future business requirements and strategic expansion plans.