Board Meeting3 Nov 2026, 07:00 pm
Dev Accelerator Approves NCD Issuance, Allots Equity Shares
AI Summary
Dev Accelerator Ltd's Board of Directors met on November 3, 2026, approving the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also greenlit a proposal to raise up to ₹300 Crores through the issuance of Non-Convertible Debentures (NCDs) via private placement. Additionally, the company approved the allotment of 33,33,330 equity shares pursuant to the conversion of convertible warrants held by promoters, increasing the company's issued and paid-up capital.
Key Highlights
- Board approved Q2 FY27 unaudited financial results.
- Approved raising up to ₹300 Crores via NCD issuance.
- Allotted 33,33,330 equity shares upon warrant conversion.
- Promoters converted warrants, increasing share capital.
- Company to seek listing approval for new equity shares.
Price Impact
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