Dev Accelerator Gets In-Principle Approval for Preferential Issue

Dev Accelerator Limited has received in-principle approval from the National Stock Exchange (NSE) and BSE Limited for a preferential issue. This includes 3,333,330 equity shares upon conversion of warrants and 4,444,440 equity shares issued on a preferential basis. The approval is subject to fulfilling several conditions, including timely listing applications, obtaining statutory approvals, and strengthening internal controls to monitor trades by proposed allottees. The company must also obtain undertakings from allottees regarding no intra-day trading or sales until the allotment date.