Dev Information Technology Ltd

Dev Information Technology Ltd announced its participation in the 'Investor Connect Summit - 2026', a virtual meeting scheduled for June 29th, 2026, at 02:30 PM IST. The company's management will engage with investors and analysts. Discussions will be limited to publicly available information, with no unpublished price-sensitive information (UPSI) to be disclosed. This event is part of the company's ongoing efforts to maintain transparent communication with its stakeholders.

Dev Information Technology Ltd (DEV IT) reported strong FY26 results, marked by strategic partnerships and enhanced digital capabilities. Standalone net profit soared by 381.44% to ₹74.24 Cr, with revenue increasing by 1.29% to ₹165.42 Cr. Consolidated net profit jumped 411.48% to ₹75.60 Cr, while revenue rose by 5.21% to ₹193.50 Cr. Key developments include XDuce acquiring a 24% strategic stake in DEV IT and an exclusive distribution agreement with A21 Technologies. The company also transferred its product businesses to Byte Technosys Private Limited for ₹11.90 Cr.

Dev Information Technology Limited's Board of Directors met on May 28, 2026, to approve 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 5% (₹0.10 per equity share) for FY26, subject to shareholder approval. Additionally, the re-appointment of M/s. Manav Sheth and Company as Internal Auditor for FY27 was approved. A significant decision was the approval of the divestment of 25% of its equity investment in Dhyey Consulting Services Private Limited, a wholly-owned subsidiary, to M/s. Unique Comp, Inc for ₹4.60 Crores. Post-transaction, Dhyey Consulting will remain a subsidiary but cease to be wholly-owned.

Dev Information Technology Limited's Board approved the sale of a 25% equity stake in its wholly-owned subsidiary, Dhyey Consulting Services Private Limited, to Unique Comp, Inc for an aggregate consideration of ₹4.60 crore. Post-transaction, Dhyey Consulting will cease to be a wholly-owned subsidiary but will remain a subsidiary. The Board also approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, with an unmodified opinion. Additionally, a final dividend of 5% (₹0.10 per equity share) was recommended, and M/s. Manav Sheth and Company was re-appointed as internal auditor for FY2026-27.

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.

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.

Dev Information Technology Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the standalone and consolidated audited financial results for the fourth quarter and year ended March 31, 2026. The board will also review the audit report and consider recommending a final dividend for FY 2025-26. The trading window for insiders is closed from April 1, 2026, until 48 hours after the financial results announcement.

Dev Information Technology Ltd (DEV IT) announced that it has achieved all six Microsoft Solutions Partner Designations (SPD) through its subsidiary, Dhyey Consulting Services Pvt. Ltd. This places DEV IT among a select group of companies in India with the complete suite of Microsoft specializations. The company reported a total income of ₹1,839.09 Mn, EBITDA of ₹237.18 Mn, and a net profit of ₹147.80 Mn in Consolidated FY25.

Dev Information Technology Ltd (DEVIT) announced that it has achieved all six Microsoft Solutions Partner Designations (SPD) through its subsidiary, Dhyey Consulting Services Pvt. Ltd. This accomplishment places DEV IT in an elite group of partners in India with the complete suite of Microsoft specializations, enhancing its position as a global IT service provider. The designations validate DEV IT's expertise across the Microsoft ecosystem, serving SMBs, SMEs, and large enterprises. This milestone enhances DEV IT’s competitive edge and positions it to pursue mid-market and large-scale corporate contracts globally.

Dev Information Technology Ltd (DEV IT) has announced securing a ₹26 crore order from National Informatics Centre Services Incorporated (NICSI) for the National Pharmacists Registration Tracking System (NPRTS) under the Pharmacy Council of India (PCI). The mandate covers the design, development, system integration, and maintenance of the platform, along with implementing cybersecurity measures. This fixed-cost contract has an execution timeline of approximately three years, providing medium-term revenue visibility. DEV IT's Chairman, Mr. Pranav Pandya, stated that this order reflects the company's capability to deliver large-scale, integrated digital solutions and strengthens its position in government and enterprise digital transformation programs, contributing to sustainable growth and a robust order pipeline.