Dev Information Technology : Appointment

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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 | [email protected] Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Date: 17 th June, 2022 To, To, The Manager-Listing Department, The Secretary, The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G-Block, Phiroze Jejeebhoy Towers, Bandra Kurla complex, Dalal Street Bandra East, Mumbai -400001 Mumbai-400 051 Trading Symbol: DEVIT Trading Symbol: 543462 Dear Sir/ Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , and pursuant to Extra-ordinary General Meeting (EGM) held on 15 th June, 2022 for seeking approval of the Shareholders, we would like to inform you that shareholders have approved the following, by way of special resolution(s): Appointment and Re-appointments of following Director(s): Re-Appointment of Dr. Venkata Rama Subba Rao Velamuri (DIN: 06502798), as a Non-Executive Independent director for a term of five consecutive years commencing from the expiry of his present term that is with effect from March 16, 2022 till March 16, 2027, who is not liable to retire by rotation. Re-Appointment of Dr. Rama Moondra (DIN: 01764539), as a Non-Executive Independent director for the further period of 5 years for a term of five consecutive years commencing from the expiry of her present term that is with effect from March 16, 2022 till March 16, 2027, who is not liable to retire by rotation. Appointment of Mr. Umesh Rateja (DIN: 07269459) as an Independent Non-Executive director of the company, for a term of 5 consecutive years with effect from 16 th June,2022 till 16 th June, 2027, who is not liable to retire by rotation. Re-Appointment and terms of remuneration payable to Mr. Pranav Niranjanbhai Pandya (DIN: 00021744) as a Chairman & Whole-time Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation. Enterprise | Enterprise | Infrastructure | Cloud | Digital | Licensing Applications Mobility Management Computing Services 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 | [email protected] Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Re-Appointment and terms of remuneration payable to Mr. Jaimin Jagdishbhai Shah (DIN: 00021880) as a Managing Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is not liable to retire by rotation. Re-Appointment and terms of remuneration payable to Mr. Vishal Nagendra Vasu (DIN: 02460597) as a Whole-time Director of the company for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation. Re-Appointment and terms of remuneration payable to Mr. Prerak Pradyumna Shah (DIN: 02805369) as a Whole-time Director of the company, for the further period of five years from the expiry of his present term, that is with effect from February 21, 2022 to February 21, 2027, who is liable to retire by rotation. The particulars of above appointments and re-appointments of directors are as per Annexure - 1. This is for your information and record. Thanking you, Yours faithfully, On behalf of Board of Directors DEV INFORMATION TECHNOLOGY LIMITED KRISA RUPALKUMAR PATEL Digitally signed by KRISA RUPALKUMAR PATEL DN: c=IN, o=Personal, postalCode=380052, st=Gujarat, 2.5.4.20=d1c0aba8e31c18d21102a1dc7b6f28e8284d9 736481ffbf9aac932a2e380bf46, pseudonym=DB51E9393700C673574239D33EDA5A6E C04C6770, serialNumber=0D148FB642AD1A5177D6AC789F641C E2A46A0172B9661A7716658794938A1AF0, cn=KRISA RUPALKUMAR PATEL Date: 2022.06.17 15:31:31 +05'30' Krisa Patel Company Secretary & Compliance Officer Place: Ahmedabad Enterprise | Enterprise | Infrastructure | Cloud | Digital | Licensing Applications Mobility Management Computing Services 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 | [email protected] Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Annexure - I: Particulars of above appointments and re-appointments of directors 1. Re- appointment of Dr. Venkata Rama Subba Rao Velamuri (DIN: 06502798), as Independent Non-executive Director Date of Re- Brief Profile Relationship Appointment & Term between of Appointment directors Independent Non- Dr. Venkata Rama Subba Rao Velamuri is retired IAS Officer. He N.A. executive Director for a has spent over 36 years in the Indian Administrative Service, 27 term of five consecutive of them in Gujarat. years commencing from He holds degrees of Master in Performing Arts (MPA), Bachelor March 16, 2022 till of Laws (LLB), Master of Science (MSC), Master of Arts (MA) and March 16, 2027 Ph.D. He has served the state government in various senior positions as Secretary, Social Welfare, and as Additional Chief Secretary Urban Development, Finance departments and lastly the Home Department. Dr. Venkata Rama Subba Rao Velamuri has been an active member of the Board and the Board Committees of which he is a member. He brings independent judgement on the Board of the Company and his continued association will be valuable and positive. With his expertise, skills and knowledge, particularly in the field of finance and accounts, he articulates and provides his valuable guidance and inputs in all matters pertaining to the financial statements. Dr. Venkata Rama Subba Rao Velamuri is physically fit, mentally alert and is vocal at the Board and Committee meetings. He provides his independent view in board and committee deliberations. The Director is being exempted from clearing the Online Proficiency Self Assessment test for Independent Directors. 2. Re-appointment of Dr. Rama Moondra (DIN: 01764539), as Independent Non-executive Director Date of Appointment & Brief Profile Relationship Term of Appointment between directors Independent Non- Dr. Rama Moondra holds a degree of Master in Business N.A. executive Director for a Administration and M.S. in Psychotherapy. She also holds the term of five consecutive Ph.D Degree in Management (Entrepreneurship & Innovation). Enterprise | Enterprise | Infrastructure | Cloud | Digital | Licensing Applications Mobility Management Computing Services 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 | [email protected] Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 years commencing from She is a certified Coach from International Coach Federation and from March 16, 2022 till listed as Premium Educator with Harvard Business Publishing, March 16, 2027 she regularly contributes to Harvard case studies and surveys. The Director have also cleared the Online Proficiency Self Assessment test for Independent Directors. 3. Appointment of Mr. Umesh Rateja (DIN: 07269459), as Independent Non-executive Director: Date of Appointment & Brief Profile Relationship Term of Appointment between directors Independent Non- Mr. Umesh Rateja comes with over 28 years of Strategic & N.A. executive Director for a Operational Human Resource Management experience with Large term of five consecutive and Reputed Indian and Multinational companies. As an years commencing from accomplished HR transformation leader, he is a business June 16,2022 till June collaborator, providing larger solutions that deliver differentiated 16, 2027 business results. From organisational development to coaching teams to align their individual goals to larger interest remains the key to success of his approach. He also has extensive experience of Leading HR verticals and National Roles in highly dynamic and people centric sectors like Consulting, Telecom, Insurance, Direct Sales and Manufacturing. Umesh is proficient at Business strategy partnering with Leadership teams, Leading Change Management initiatives, Competency based Talent Acquisition, Talent Management, Driving Employee Engagement and Value based Performance Management Culture, Rewards, Compensation & Benefits, HR Planning, Governance & Controlling processes, designing effective HR Policies and Systems, Building Effective Talent pipeline at all levels including Learning and Certification Academy for frontline roles. Currently Umesh is the Executive Director at Next Milestone Technologies Pvt Ltd, Director and BOD at GESIA IT Association and Co-Founder cum Mentor of SUMS CorpSolutions LLP. During his corporate career Umesh has held various Leadership roles in HR, OD and Training. Some of the key positions he held include Head of Talent Acquisition and HR Operations with Reliance Communications, VP & Head of Talent Acquisition with Tata AIG, Head of Strategic HR & OD at Idea Cellular Ltd. He has also held strategic and operation positions with Bharti Airtel, Max New York Enterprise | Enterprise | Infrastructure | Cloud | Digital | Licensing Applications Mobility Management Computing Services 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 | [email protected] Offices: Gujarat | Maharashtra | Rajasthan | Canada CIN: L30000GJ1997PLC033479 Life, DSS Mobile Communications Ltd (Mobilink), Eureka Forbes and Galaxy Group. He has been trained on Leadership Skills from XLRI Jamshedpur, Talent Assessor by Mercer, Great Leaders Programme from Franklin Covey, 7 Habits of Highly Successful People from Franklin Covey, Competency Mapping by T V Rao Learning Systems, Assessor for Thomas Profiling by Thomas International, Gallup Engagement Model & Q12 by Gallup International, Quality Auditor (ISO 9001) by KPMG. The Director have also cleared the Online Proficiency Self Assessment test for Independent Directors. 4. Re-appointment of Mr. Pranav Niranjan Pandya (DIN: 00021744), as Chairman and Whole- time Director: Date of Appointment & Brief Profile Relationship Term of Appointment between directors Chairman & Whole-time Mr. Pranav Pandya hails from Family of Nobles at Rajkot who were N.A. Director of the company legal advisors and administrator of many erstwhile kingdoms in for a term of five Saurashtra. His parents were advocates with his father going retiring consecutive years ultimately as Judge Bombay High court. Mr Pranav Pandya is a First commencing from Generation Electronic and Microprocessor Engineering February 21, 2022 to entrepreneur with a strong backing of 25 years plus experience. He February 21, 2027 has very good understanding of technology business implications in local scenarios of both public and private sectors. A visionary and having an eye for details, he is very well known in the e-Governance power circle as a dependable IT expert who is always finding innovative solutions to a given challenge. His policy of going that extra mile translates into association of a long term relationship, making him one of the most well received businessman locally among varied crossection of the community across the State of Gujarat, India. He is personally inclined towards rendering his services to the uplifting and modernization of education institutes and is active towards initiatives for Public Private Partnership in the said sector. He is Vice Chairman Gujarat Innovation Society (GIS) and Director on Board of Gujarat Electronic & Software Industry Association. He is associated with National and State level industry bodies like NASSCOM, CII, FICCI, TiE & Gujarat Chamber of Commerce. 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