Corporate Action16 Jun 2026, 01:40 pm
Dev Accelerator Allots Warrants Worth ₹15 Cr, Shares Worth ₹20 Cr
AI Summary
Dev Accelerator Ltd's Board of Directors approved the allotment of 33,33,330 convertible warrants at ₹45 each to promoters, aggregating ₹14.99 crore. Additionally, 44,44,440 equity shares were allotted at ₹45 each to Infibeam Projects Management Private Limited, totaling ₹19.99 crore. The company also appointed Grant Thornton Bharat LLP as its internal auditor for FY27. These transactions increase the company's paid-up equity share capital.
Key Highlights
- Allotment of 33,33,330 warrants to promoters for ₹14.99 crore.
- Allotment of 44,44,440 equity shares to a non-promoter entity for ₹19.99 crore.
- Company's paid-up equity share capital increased post-allotments.
- Grant Thornton Bharat LLP appointed as internal auditor for FY27.
Price Impact
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