Dev Labtech Ventures Increases Authorized Capital, Approves Warrant Issue

Dev Labtech Venture Ltd announced that its Board of Directors has approved an increase in the company's authorized share capital from ₹25 Crore to ₹31 Crore. Additionally, the board approved the preferential issue of up to 1,37,00,000 (1.37 Crore) convertible warrants at ₹13 each to promoters and non-promoters. These warrants are convertible into equity shares at a premium of ₹8 per share, aggregating ₹17.81 Crore (₹17,81,00,000). The company also appointed a scrutinizer and NSDL for e-voting and fixed the EGM date for November 5, 2026, with a cut-off date of October 29, 2026.