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Dev Labtech Venture Limited’s board authorized a share capital increase and convertible warrant issuance
07-Oct-2026, 07:41
Dev Labtech Venture Limited said its board approved an increase in the authorized share capital from Rs 25 crore divided into 5 crore shares of Rs 5 each to Rs 31 crore divided into 6.2 crore shares of Rs 5 each. The board also approved the issuance of up to 13.7 million convertible warrants to promoters, promoter groups, and non-promoters on a preferential basis at a price of Rs 13 per warrant, potentially raising Rs 17.81 crore. The company has fixed October 29, 2026, as the record date for determining shareholders eligible to vote at an extraordinary general meeting scheduled for November 5, 2026.