Dev Labtech Venture Ltd. Announces Capital Clause Amendment, Share Capital Increase, and Bonus Shares Issue

Dev Labtech Venture Ltd. announced that its Board of Directors approved several key changes during their meeting on 27th March 2026. The company intends to increase its authorized share capital from Rs. 15,00,00,000 to Rs. 25,00,00,000 divided into 2,50,00,000 Equity Shares of Rs. 10/- each. The board also approved an alteration in the Object Clause of the Memorandum of Association and the sub-division of equity shares, such that 1 (One) Equity Share of the Company having a face value of Rs. 10/- each fully paid-up will be split into 2 (Two) Equity Shares having a face value of Rs. 5/- each fully paid-up. Additionally, the company plans to issue bonus equity shares in the ratio of 1:1. The record date for the bonus issue and sub-division will be intimated to the stock exchange in due course. The board has appointed Mr. Ricky Kapadia as a scrutinizer for the Postal Ballot and e-voting process. The company will also avail financial assistance by way of a Term Loan of Rs. 744.22 lakh from Small Industries Development Bank of India (SIDBI).