Dev Labtech Venture Limited at its board meeting held on August 14, 2023, based on the recommendation of Audit Committee and after due discussion the Board approved the matter of incorporation of wholly owned subsidiary company of Dev Labtech venture Limited in the United State of America (USA) for the purpose of expansion & growth of business of the Company and authorized Mr. Jerambhai Lavjibhai Donda, Chairman and Managing Director and/or Mr. Jay Jerambhai Donda, Whole-Time Director & CFO to proceed for necessary steps for the incorporation process as required and provide necessary documents and funds required for the purpose of proposed wholly owned subsidiary of Dev Labtech venture Limited in the USA to the concerned authorities of the Country.