Dev Labtech Approves 1.37 Cr Warrants for ₹17.81 Cr Preferential Issue

Dev Labtech Venture Ltd's Board of Directors has approved the issuance of up to 1,37,00,000 (1.37 Crore) convertible warrants on a preferential basis to promoters and non-promoters. Each warrant is priced at ₹13, convertible into one equity share of face value ₹5 with a premium of ₹8. The total issue size amounts to ₹17,81,00,000 (₹17.81 Crore) for cash. The company also approved an increase in its authorized share capital from ₹25 Crore to ₹31 Crore, subject to shareholder approval. An Extra Ordinary General Meeting (EGM) has been scheduled for November 5, 2026, with October 29, 2026, set as the cut-off date for voting eligibility. NSDL has been appointed for e-voting services.