Dev Labtech Venture Limited Approves Capital Increase, Share Split, and Bonus Issue
Dev Labtech Venture Limited announced on March 27, 2026, that its Board of Directors approved several key corporate actions during a meeting held on that date.The company will increase its Authorized Share Capital from Rs. 15,00,00,000 divided into 1,50,00,000 Equity Shares of Rs. 10 each to Rs. 25,00,00,000 divided into 2,50,00,000 Equity Shares of Rs. 10 each. Additionally, the Board approved an alteration to the Object Clause of the Memorandum of Association (MOA), and a sub-division/split of Equity Shares in a ratio of 1:2, converting one share with a face value of Rs. 10 into two shares with a face value of Rs. 5. The record date for the sub-division will be announced to the stock exchange in due course.
The Board also approved the issuance of bonus equity shares in a ratio of 1:1, equivalent to one new fully paid-up Bonus Equity Share of Rs. 5 for every one existing fully paid-up Equity Share of Rs. 5 held as of the record date. The record date for the bonus issue will be intimated to the stock exchange shortly.
Finally, the company secured a Term Loan of Rs. 744.22 lakh from the Small Industries Development Bank of India (SIDBI). The Board meeting commenced at 3:00 p.m. and concluded at 3:40 p.m.
Table: Pre and Post Split/Bonus Equity Share Details
| Particulars | Pre Split/Bonus | Post Split/Bonus |
|---|---|---|
| Authorised Share Capital | 2,50,00,000 | 2,50,00,000 |
| Paid-up Capital | 2,37,26,278 | 4,74,52,556 |
| Face Value (Rs.) | 10 | 5 |
Table: Pre and Post Bonus Issue Share Details
| Particulars | Pre Bonus | Post Bonus |
|---|---|---|
| Authorised Share Capital | 5,00,00,000 | 5,00,00,000 |
| Paid-up Capital | 2,37,26,278 | 4,74,52,556 |
| Total Share Capital (Rs.) | 11,86,31,390 | 23,72,62,780 |
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