Special situation from BSE disclosures
Dev Information Technology Ltd · BSE 543462 · market cap ≈ ₹124 Cr at last filing

Control transition completes: XDuce entrenched at ~24% with board seat as promoters retreat to ~9%, EBITDA stabilises at low levels in Q1 FY27, and government order pipeline continues to build

Tracking since 2025-06-11 · 66 filings analysed · last filing 2026-09-30 · analysis updated 2026-09-05
Marquee ordersCapital infusion · detected 2026-07-04Transformation · detected 2026-08-28Accumulation · detected 2026-09-09
Triggering filing 2025-10-18 · stock -49% since
Who's involved: Jaimin Jagdishbhai Shah · Jayesh Madhusudan Dave · Pranav Pandya · Prerak Shah · Vishal Vasu · Bhawika Ogra — full analysis of all actors on the Bench →
Closing price since 2025-10-31
Daily closes, adjusted for splits and bonuses · 2025-10-31 → 2026-10-05 · ₹39.9 → ₹20.5
Read the full situation analysis — who's involved, where the facts lean, what happened next
The full analysis names the people and entities involved with their documented history, shows where the filed facts lean for minority shareholders, and keeps tracking the situation as new filings arrive.
Filing timeline (from BSE disclosures)
2026-09-30Board change
2026-09-11ESOP allotment
2026-09-10Order Receipt
2026-09-03Board change
2026-08-20Order Receipt
2026-08-20Order Receipt
2026-08-11Order Receipt
2026-07-06Order Receipt
Common questions (from the filings record)
What special situation is unfolding at Dev Information Technology Ltd?
Control transition completes: XDuce entrenched at ~24% with board seat as promoters retreat to ~9%, EBITDA stabilises at low levels in Q1 FY27, and government order pipeline continues to build. Based on 66 BSE filings analysed; last filing 2026-09-30.
Who is involved at Dev Information Technology Ltd?
People named in the analysed filings include Jaimin Jagdishbhai Shah, Jayesh Madhusudan Dave, Pranav Pandya, Prerak Shah, Vishal Vasu and Bhawika Ogra.
When did Special Situations Bench first flag Dev Information Technology Ltd?
The triggering filing was on 2025-10-18. The stock has moved -49% since, adjusted for splits and bonuses. Winners and losers are shown alike — this is not a recommendation.
What patterns have been detected at Dev Information Technology Ltd?
Detected patterns: Capital infusion (2026-07-04); Transformation (2026-08-28); Accumulation (2026-09-09).
What flagged situations did next — a young track record
68%
of 72 flagged situations whose first 90 days completed were higher after the triggering filing
+10.3%
median 90-day move (mean +36.6%)
1 in 14 >2×
of 1,138 situations in a 2023–25 hindsight scan at least doubled within a year
Observational record, not performance of any portfolio. Live figures from 1 March 2026, measured as of 9 September 2026; the one-year set was identified in hindsight and is labelled as such. Moves are closing-price changes adjusted for splits and bonuses. Past movement does not indicate future movement.
What the Special Situations Bench is
The Bench scans every BSE corporate disclosure daily for event-driven special situations in Indian small- and micro-cap stocks — preferential allotments, open offers, changes of control, reverse mergers, accumulation by notable investors, debt settlements, capacity expansion and more.
Situations are flagged as the filings cluster — before they become stories — and every flagged situation is tracked against what the stock did next, winners and losers alike.
The full analysis connects the dots: what the filings add up to, the people and companies involved — with their documented history and a connections graph of how they link across other listed companies — and where the facts lean for minority shareholders.
About the Special Situations Bench →
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