Dev Accelerator Board Approves Q1 FY27 Unaudited Results
Dev Accelerator Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The results were presented on both standalone and consolidated bases, along with a limited review report from statutory auditors M/s. Nisarg J Shah & Co. The board also approved the re-appointment of Mr. Jaimin Jagdishbhai Shah as a Nominee Director, subject to member approval. Additionally, alterations to the Memorandum and Articles of Association were approved, along with ratification and modifications to the 'Dev Accelerator Limited Employee Stock Option Plan – 2023'. The company also resolved to provide loans or guarantees to its subsidiary, Neddle and Thread Designs LLP. The 6th Annual General Meeting is scheduled for September 25, 2026.
Key Highlights
- Board approved unaudited Q1 FY27 financial results (standalone & consolidated).
- Re-appointment of Nominee Director Mr. Jaimin Jagdishbhai Shah approved.
- Alterations to Memorandum and Articles of Association approved.
- ESOP Plan 2023 ratified and modified, subject to member approval.
- AGM scheduled for September 25, 2026; Annual Report to be shared.
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