Board Meeting16 Jun 2026, 01:33 pm
Dev Accelerator Allots Warrants & Shares Worth ₹350 Cr
AI Summary
Dev Accelerator Ltd's Board of Directors met on June 16, 2026, approving the allotment of 33,33,330 convertible warrants to promoters for ₹14.99 crore and 44,44,440 equity shares to a non-promoter entity for ₹19.99 crore. The company also appointed Grant Thornton Bharat LLP as Internal Auditor for FY 2026-2027. The equity share allotment increases the company's paid-up capital to ₹18.92 crore.
Key Highlights
- Allotted 33.33 lakh warrants to promoters for ₹14.99 crore.
- Allotted 44.44 lakh equity shares to non-promoter for ₹19.99 crore.
- Appointed Grant Thornton Bharat LLP as Internal Auditor for FY27.
- Total funds raised from warrant and share allotment is ₹34.99 crore.
Price Impact
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