Outcome of Board Meeting

Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53 www.devitpl.com | info@devitpl.com Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Date: June 30, 2026 To, To, The Manager-Listing Department, The Secretary, The National Stock Exchange of India BSE Limited Limited, Phiroze Jejeebhoy Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street Bandra Kurla complex, Mumbai -400001 Bandra East, Mumbai-400 051 Trading Symbol: DEVIT Trading Symbol: 543462 Subject: Outcome of the Board Meeting held on Tuesday, 30th June, 2026: Ref.: Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement),2015 Dear Sir/Mam, With reference to the caption above, we wish to inform you that at the meeting of the Board of Directors of ‘Dev Information Technology Limited’ (the “Company”) held on Tuesday, 30 June 2026, the Board considered and approved, inter alia, the following: Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has entered into a ‘Strategic Business Collaboration And Delivery Synergy’ agreement with M/s. Xduce Technologies Private Limited on 30th June, 2026. The alliance aims to create operational and business synergies across mutually identified areas, enabling the parties to explore new market opportunities, enhance customer reach, optimize resource utilization, and drive sustainable long-term value creation. The details as required under SEBI Circular No. SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on July 11, 2023 and updated on January 30, 2026 are enclosed as Annexure- The meeting of the Board of Directors commenced at 4:15 p.m (IST) and concluded at 05:35 p.m (IST). We request you to take the above information on records. Thanking you, On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED Krisa Shah Company Secretary & Compliance Officer Place: Ahmedabad Date: 30th June, 2026 Cloud | Managed IT | Digital | Enterprise | Business | Mobile Services Services Transformation Applications Applications Applications Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53 www.devitpl.com | info@devitpl.com Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Annexure A SR. Particulars 1 Name of the entity(ies) with whom agreement/ M/s. Xduce Technologies Private JV is signed; Limited 2 Area of agreement/JV; The parties agree to collaborate closely to combine their operational capacities, improve project delivery speeds, and capture market opportunities in their respective sectors. 3 Domestic/international; Domestic and International 4 Share exchange ratio / JV ratio; Not applicable 5 Scope of business operation of agreement / JV; A. XDuce Technologies Private Limited has acquired a strategic equity stake of approximately 24% in DEV Information Technology Limited ("Strategic Investment"). B. Following the Strategic Investment, the parties desire to strengthen, expand and formalise their strategic business relationship and establish a framework for operational collaboration, delivery synergy and business development initiatives. C. The parties believe that collaboration in technology services, project delivery, managed services, talent deployment, procurement, business operations and market expansion will create operational efficiencies, strengthen competitiveness and enhance long- term shareholder value. 6 Details of consideration paid / received in No monetary consideration has been agreement / JV; paid or received for execution of the Strategic Business Collaboration Agreement. Commercial terms relating to future projects or engagements, if any, shall be determined under separate agreements. Cloud | Managed IT | Digital | Enterprise | Business | Mobile Services Services Transformation Applications Applications Applications Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53 www.devitpl.com | info@devitpl.com Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 7 Significant terms and conditions of agreement The Strategic Business Collaboration / JV in brief; Agreement is a framework agreement setting out the principles of collaboration between the parties. Specific commercial arrangements, projects, services, employee secondments or business opportunities shall be undertaken pursuant to separate definitive agreements, statements of work, purchase orders or other mutually agreed documents. 8 Whether the acquisition would fall within Yes. related party transactions and whether the However, as stated above, no upfront promoter/ promoter group/ group companies consideration has been paid or is have any interest in the entity being acquired? payable by either party for entering If yes, nature of interest and details thereof and into the Strategic Business Alliance whether the same is done at “arm’s length”; Agreement. Any consideration that may arise in relation to specific collaborative initiatives, projects, services, or transactions undertaken pursuant to the Agreement shall be determined by mutual consent of the parties from time to time and shall be on an arm's length basis, in compliance with applicable laws, regulations, and the Company's Related Party Transaction Policy, wherever applicable. 9 Size of the entity(ies); Not applicable as no new entity is being formed through strategic tie up. 10 Rationale and benefit expected. The Strategic Business Collaboration And Delivery Synergy is expected to create operational and business synergies by leveraging the complementary strengths, resources, expertise and capabilities of both parties. The alliance aims to enhance business growth, expand market opportunities, optimize resource utilization, improve operational efficiency, strengthen service delivery capabilities and deliver greater value to customers and stakeholders. The alliance will also facilitate resource deployment, talent sharing, employee Cloud | Managed IT | Digital | Enterprise | Business | Mobile Services Services Transformation Applications Applications Applications Dev Information Technology Limited Reg. Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059. (INDIA) Phone: +91 94298 99852 / 53 www.devitpl.com | info@devitpl.com Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 secondment, project execution support and cross-functional collaboration, enabling both parties to leverage a larger pool of skilled resources, improve project delivery capabilities, support domestic and cross-border customer engagements, enhance scalability and ensure efficient deployment of talent across geographies and business opportunities. 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