Dev Labtech to Issue ₹17.81 Cr Convertible Warrants, Increase Capital

Dev Labtech Venture Ltd's Board of Directors, in a meeting held on October 7, 2026, approved a preferential issue of up to 1,37,00,000 Convertible Warrants at a price of ₹13 each. These warrants, convertible into equity shares, aggregate to ₹17,81,00,000 (₹17.81 Crore) and will be issued to Promoter/Promoter Group and Non-Promoters for cash. Additionally, the Board approved an increase in the company's Authorized Share Capital from ₹25,00,00,000 (₹25 Crore) to ₹31,00,00,000 (₹31 Crore). Both proposals are subject to shareholder approval at an Extra Ordinary General Meeting (EGM) scheduled for November 5, 2026.