DEVIT Divests 25% Subsidiary Stake for ₹4.6 Cr, Recommends ₹0.10 Dividend

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 opinion. The Board recommended a final dividend of ₹0.10 per equity share (5%) for the year ended March 31, 2026, subject to shareholder approval. Additionally, the Board approved the re-appointment of M/s. Manav Sheth and Company as Internal Auditor for FY27. A significant decision was the approval of the sale of a 25% equity investment in its wholly-owned subsidiary, Dhyey Consulting Services Private Limited, to M/s. Unique Comp, Inc for an aggregate consideration of ₹4.60 Crores. Post-transaction, Dhyey Consulting Services Private Limited will cease to be a wholly-owned subsidiary but will remain a subsidiary.