Dev Accelerator Ltd Litigation Settled by Deed

Dev Accelerator Ltd has announced the amicable settlement of a litigation filed by LRS Service Private Limited before the Commercial Court of Kasna, Uttar Pradesh. The settlement deed, executed on June 04, 2026, involved LRS agreeing to have its petition not pressed, leading to the disposal of the case. Key terms include the adjustment of LRS's security deposit of ₹12,13,000/- against partial rent and the company waiving its claim of ₹17,50,000/- and other charges. This settlement is expected to have a limited impact on the company's financial position, primarily through the waiver of revenue bills.