Dev Labtech Venture Ltd Doubles Share Count with Stock Split and Bonus Issue

Dev Labtech Venture Ltd announced May 15, 2026, as the record date for a 1:2 equity share sub-division and a 1:1 bonus share issuance. These corporate actions, approved by shareholders, are expected to double investors' shareholdings and enhance market liquidity.

Under the approved plans, each existing equity share will be split into two shares of ₹5 face value (1:2 ratio). Simultaneously, the company will issue one bonus equity share for every share held (1:1 ratio). The primary goals are to make shares more accessible and improve their trading liquidity.

Dev Labtech Venture, which manufactures lab-grown and natural diamonds since 1993, had its board approve these proposals in March 2026, with shareholder approval following in April. The company has diversified beyond diamonds into trading, manufacturing, and maritime services, and previously raised capital via an IPO in March 2023. However, Dev Labtech reported a significant financial setback in the half-year ended September 30, 2025, with revenue falling 74.8% year-on-year.

Following these actions, shareholders will hold twice their current number of shares, each with a reduced face value of ₹5. The company has also increased its authorized share capital to support financial flexibility and its expanding business scope. Investors will be closely watching the company's strategy for its diversified segments and its ability to recover from the recent revenue decline. The impact of the increased share count on overall market liquidity will also be a key point of observation.

Direct listed peers in lab-grown diamond manufacturing are few. Broader jewelry retailers like P N Gadgil Jewellers and Thangamayil Jewellery operate in the industry but have different business models.

Key actions ahead include the formal registration of MoA alterations and capital changes with the Registrar of Companies (RoC). Investors will also track Dev Labtech's execution plans for its diversified business and its future financial performance, particularly signs of recovery from the H1 FY26 revenue drop.