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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Dev Information Technology Ltd

Dev Information Technology receives INR 15.50 Cr work order from Vadodara Municipal Corporation

ORDERS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 12 Nov 2026, 12:24 PM IST  ·  BSE ID: cd2b8751-006b-4368-b89f-9c0a9fb2a7a4
View Original BSE Filing (PDF)
💡
In Simple Terms
Dev IT won a 3-year, INR 15.50 crore contract from Vadodara Municipal Corporation for IT consulting services.
🤖 AI Summary
  • Dev Information Technology secured a Work Order from Vadodara Municipal Corporation valued at INR 15.50 crores.
  • The order covers consulting services for project management and staff augmentation.
  • Engagement spans three years, supporting VMC's technology initiatives.
  • This order reinforces DEV IT's position with government and public sector organizations.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Work Order Value
INR ₹ 15.50 crores
Engagement Duration
3-year
🏢 How This Affects the Company
📈
Business Impact
This order expands DEV IT's revenue pipeline and reinforces its standing as a technology partner for public sector organizations. It diversifies the company's client base within the government sector.
💰
Financial Impact
The approximate INR 15.50 crores revenue spread over three years will contribute to future revenue streams. Specific margin impact is not detailed, but the fixed-cost nature of some government contracts can constrain upside.
⚙️
Operational Impact
DEV IT will deploy qualified IT consulting teams to support VMC's diverse technology needs, including application development, cybersecurity, and emerging technologies.
⚠️
Risk Impact
The engagement carries standard project execution risks associated with government contracts. The fixed-cost component for certain services may limit margin flexibility.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this announcement.
👤
Who Is Affected
All shareholders are affected by the potential increase in the company's order book and future revenue streams.
🔍
Management Signal
Management is actively pursuing and securing contracts with government bodies, indicating a strategy focused on expanding public sector business.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
DEV IT's Q3 FY27 results for revenue recognition from this order.
Future announcements on project milestones and execution progress.
Further order wins from public sector clients.
MEDIUM RISK Government contracts can have extended execution cycles and potential scope changes, impacting revenue recognition and profitability.
💡 Investor Takeaway
Dev Information Technology secured a 3-year Work Order from Vadodara Municipal Corporation for approximately INR 15.50 crores, strengthening its public sector presence and adding to its revenue pipeline.
⚖️ Strengths & Concerns

✅ Positives

  • Secured a significant INR 15.50 crores work order from Vadodara Municipal Corporation, bolstering future revenue.
  • Strengthens company's position as a trusted technology partner for government and public sector organizations.

⚠️ Concerns

  • The order's revenue is spread over 3 years, indicating a phased revenue recognition.
  • Previous INR 26 Crore government contract mentioned fixed-cost model, potentially constraining margin upside.
📅 Company Track Record
Dev Information Technology previously announced a INR 73 Lakhs order for Haryana Legal Knowledge System in July 2026 and a INR 2.79 Crores digital transformation order from GIFTCL in July 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the value of the work order received by Dev Information Technology from Vadodara Municipal Corporation?
Dev Information Technology Limited has secured a Work Order from Vadodara Municipal Corporation with an approximate revenue of INR ₹ 15.50 crores.
What is the duration of the work order awarded to Dev Information Technology?
The engagement for the work order from Vadodara Municipal Corporation will span over a duration of 3-year.
What services will Dev Information Technology provide under the Vadodara Municipal Corporation work order?
DEV IT will provide consulting services, including Project Management and Staff Augmentation services, supporting VMC's technology initiatives across various domains.
Which government organization awarded the work order to Dev Information Technology?
The work order was awarded by Vadodara Municipal Corporation (VMC).

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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