StockWatch
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IT Enabled Services
Quarterly Result29 May 2026, 01:37 am

DEVIT Board approves FY26 results, ₹0.10 dividend, divests 25% subsidiary

AI Summary

Dev Information Technology Limited's Board approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a final dividend of ₹0.10 per equity share (5%) for FY26, subject to shareholder approval. Additionally, the Board approved the re-appointment of M/s. Manav Sheth and Company as Internal Auditor for FY27 and the divestment of 25% equity investment in its wholly-owned subsidiary, Dhyey Consulting Services Private Limited, for ₹4.60 Crores. Post-transaction, Dhyey Consulting will remain a subsidiary.

Key Highlights

  • Board approved FY26 Standalone and Consolidated Audited Financial Results.
  • Recommended a final dividend of ₹0.10 per share (5%) for FY26.
  • Approved divestment of 25% equity in Dhyey Consulting for ₹4.60 Crores.
  • Dhyey Consulting will remain a subsidiary, but not wholly-owned.
  • Re-appointed M/s. Manav Sheth and Company as Internal Auditor.