Dev Labtech Ventures Increases Authorized Capital by ₹6.1 Cr

Dev Labtech Venture Ltd announced a significant increase in its authorized share capital from ₹25 Crore to ₹31 Crore, an increment of ₹6 Crore. This move, subject to shareholder approval at an upcoming Extra Ordinary General Meeting (EGM), involves amending the Memorandum of Association. Additionally, the company's Board approved the issuance of up to 1,37,00,000 (1.37 Crore) convertible warrants to promoters and non-promoters on a preferential basis. These warrants are priced at ₹13 each, convertible into equity shares at a premium, aggregating ₹17.81 Crore. The EGM is scheduled for November 5, 2026, with October 29, 2026, set as the cut-off date for voting eligibility.