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Dev Information Technology Ltd received order for the design, development, implementation and maintenance of its application software and website for Lok Sabha Secretariat

 Dev Information Technology Ltd (DEVIT) secured a noteworthy order from National Informatics Centre Service Inc. for Ministry Of Electronics And Information Technology for its project – Lok Sabha Secretariat for the design, development, implementation and maintenance of its application software and website.

The details of the order as per SEBI is been annexed herewith this letter

 

Annexure:1:

a)   name of the entity awarding the order(s)/contract(s); -- National Informatics Centre Service Inc.

b) significant terms and conditions of order(s)/contract(s) awarded in brief; - Dev Information Technology Ltd (DEVIT) secured a noteworthy order from National Informatics Centre Service Inc. for Ministry Of Electronics And Information Technology for its project – Lok Sabha Secretariat for design, development, implementation and maintenance of application software and website.

 c)    whether order(s) / contract(s) have been awarded by domestic/ international entity; -

National entity

 d) nature of order(s) / contract(s); -- Fixed cost

 e)  whether domestic or international; - domestic

 f) time period by which the order(s)/contract(s) is to be executed; - approximately – 6 Months.

 g) broad consideration or size of the order(s)/contract(s); - approx. 3 crore.

 h)  whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;

- NO

 i)  whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length”.

-NO does not fall with related party transactions

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