Corporate Action16 Jun 2026, 01:46 pm
Dev Accelerator Allots Warrants & Shares Worth ₹350 Cr
AI Summary
Dev Accelerator Ltd's Board of Directors approved the allotment of 33,33,330 convertible warrants to promoters and 44,44,440 equity shares to a non-promoter entity. The total value of these transactions is approximately ₹350 crore. The company also appointed Grant Thornton Bharat LLP as its Internal Auditor for FY2026-2027 and M/s Murtuza Mandorwala and Associates as Secretarial Auditor. The equity share allotment increases the company's paid-up capital.
Key Highlights
- Allotment of 33.33 lakh warrants to promoters for ₹150 crore.
- Allotment of 44.44 lakh equity shares to a non-promoter for ₹200 crore.
- Appointment of Grant Thornton Bharat LLP as Internal Auditor for FY27.
- Board meeting also transacted other businesses including auditor appointments.
Price Impact
More from DEVX