Dev Information Technology Ltd has scheduled its 29th Annual General Meeting for September 30, 2026. The board has proposed the appointments of Mr. Jayesh Madhusudan Dave and Ms. Bhawika Ogra as directors, effective October 1. Additionally, the company is seeking shareholder approval for material related-party transactions for FY2026-27, involving subsidiaries and associates like XDuce Corporation and Dev Info-Tech North America. The record date for the final dividend and e-voting eligibility is September 23, 2026.
Dev Information Technology Schedules 29th AGM and Board Changes
Dev Information Technology Ltd has confirmed its 29th Annual General Meeting (AGM) for September 30, 2026, alongside key governance and operational updates.
Reader Takeaway: AGM date set for September 30; company seeks shareholder greenlight for major inter-company service contracts.
What just happened
The board of Dev Information Technology has finalized the schedule for its upcoming 29th AGM. Investors should note September 23, 2026, as the record date for determining eligibility for the final dividend and participation in e-voting. E-voting will remain open from September 25 to September 29, 2026.
Board and Governance Update
The company is looking to strengthen its leadership team with two significant appointments, subject to shareholder approval:
- Mr. Jayesh Madhusudan Dave: Proposed as a Non-Executive, Non-Independent Nominee Director representing M/s Xduce Technologies Private Limited, effective October 1, 2026.
- Ms. Bhawika Ogra: Proposed as an Independent Non-Executive Director for a five-year term, effective October 1, 2026. Ms. Ogra brings over 29 years of experience in capital markets, including previous leadership roles at the NSE.
Related Party Transactions (RPTs)
The board is seeking omnibus shareholder approval for several material related-party transactions for FY2026-27. These recurring transactions, involving technology and IT service provisions, are capped as follows:
- XDuce Corporation: Up to Rs 100 crore.
- Dev Info-Tech North America Limited: Up to Rs 60 crore.
- Dhyey Consulting Services Private Limited: Up to Rs 60 crore.
- Byte Technosys Private Limited: Up to Rs 50 crore.
The company maintains that these transactions will be conducted on an arm's length basis.
What to track next
Shareholders should monitor the outcomes of the resolutions regarding these director appointments and the approval of the proposed RPTs at the upcoming AGM. These items are pivotal for the company’s governance structure and operational continuity for the current fiscal year.