Dev Information Technology Ltd

Dev Information Technology Limited (DEV IT) announced its unaudited financial results for Q1 FY27. The company reported a consolidated total income of approximately ₹45 Cr, a slight increase from ₹43.46 Cr in Q1 FY26. Standalone total income was ₹32.80 Cr compared to ₹35.69 Cr in the prior year's quarter. Consolidated EBITDA stood at ₹3.99 Cr, with a margin of 8.93%. Consolidated Net Profit was ₹2.11 Cr, down from ₹2.18 Cr in Q1 FY26. The company highlighted continued order wins, particularly from government entities, and its focus on strengthening capabilities in cloud services, digital transformation, AI, and cybersecurity. The strategic alignment with XDuce is expected to open new market opportunities in North America and the UK.

Dev Information Technology Limited's Board of Directors convened on August 13, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The financial results and their limited review reports have been submitted and will be available on the NSE India website and the company's official website. The board meeting commenced at 4:35 p.m. IST and concluded at 5:00 p.m. IST. The independent auditors, Rinkesh Shah & Co., have provided a limited review report, stating that based on their review, nothing has come to their attention to suggest material misstatements in the financial statements prepared under Ind AS 34.

Dev Information Technology Limited announced that its Board of Directors, in a meeting held on August 13, 2026, considered and approved the unaudited standalone and consolidated financial results for the First Quarter ended June 30, 2026. The Limited Review Reports for these results were also approved. The financial results will be made available on the websites of the NSE and the company. The board meeting commenced at 4:35 p.m. IST and concluded at 5:00 p.m. IST.

Dev Information Technology Ltd (DEVIT) has announced the receipt of an enterprise technology order valued at approximately ₹5.33 crore from the Settlement Commissioner and Director of Land Records, Government of Gujarat. The contract involves software enablement and infrastructure modernization services, focusing on Microsoft SQL Server 2025 Enterprise architectures. DEVIT will enhance the department's public-facing applications, including iORA, e-Milkat, and Any RoR, hosted at the Gujarat State Data Center. The project aims to improve high-availability processing, data redundancy, database performance, scalability, cybersecurity, and business continuity. The execution period for this fixed-cost, domestic contract is approximately one month.

Dev Information Technology Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with the limited review report. Additionally, the board will address any other business as permitted. In line with SEBI regulations, a trading window closure for company insiders is in effect from July 1, 2026, until 48 hours after the financial results announcement.

Dev Information Technology Limited (DEVIT) has been awarded a significant work order by Haryana State Electronics Development Corporation Limited (HARTRON) for the design, development, implementation, and maintenance of the Haryana State Legal Knowledge System. The project is for the Chief Secretary Office, Government of Haryana. The total value of the order is approximately INR 73 Lakhs, with a fixed cost structure. The execution for design, development, deployment, and implementation is expected to take 4-5 months, followed by approximately 3 years of annual maintenance. This contract is with a domestic state government undertaking and does not involve related party transactions.

Dev Information Technology Limited (DEVIT) has been awarded a work order valued at approximately ₹2.79 Crores from Gujarat International Finance Tec-City Company Limited (GIFTCL). The project aims to enhance GIFT City's digital ecosystem by developing a world-class communication and investor engagement platform. This includes the design, development, deployment, implementation, and maintenance of a secure, scalable, multilingual web-portal and an interactive Digital Twin platform. The engagement is expected to take approximately 2.5 years to execute and will reinforce GIFT City's status as India's premier International Financial Services Centre.

Dev Information Technology Limited has entered into a 'Strategic Business Collaboration And Delivery Synergy' agreement with M/s. Xduce Technologies Private Limited on June 30, 2026. This alliance aims to create operational and business synergies, explore new market opportunities, enhance customer reach, optimize resource utilization, and drive long-term value creation. A key aspect of this collaboration involves Xduce Technologies acquiring a strategic equity stake of approximately 24% in Dev Information Technology Limited. The agreement is a framework, with specific commercial arrangements to be detailed in subsequent definitive agreements. No upfront monetary consideration was exchanged for the collaboration agreement itself, with future considerations to be determined on an arm's length basis.

Dev Information Technology Limited announced a strategic business collaboration and delivery synergy agreement with M/s. Xduce Technologies Private Limited, effective June 30, 2026. The alliance aims to create operational and business synergies, explore new market opportunities, enhance customer reach, optimize resource utilization, and drive long-term value. A key aspect of this collaboration involves Xduce Technologies acquiring a strategic equity stake of approximately 24% in Dev Information Technology Limited. While no monetary consideration was exchanged for the collaboration agreement itself, future commercial terms for specific projects will be determined separately. The agreement is structured as a framework, with detailed arrangements to be established through definitive agreements. Both parties anticipate operational efficiencies, strengthened competitiveness, and enhanced long-term shareholder value.

Dev Information Technology Ltd has announced the closure of its trading window for directors, key managerial personnel, designated employees, and their immediate relatives. This closure is in accordance with the company's Code of Conduct for insider trading, pursuant to SEBI regulations. The window will be shut from July 01st, 2026, until 48 hours after the announcement of the financial results for the quarter ended June 30th, 2026. The specific date of the board meeting to consider these financial results will be communicated later.