StockWatch
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Diversified Commercial Services
Regulatory12 Aug 2026, 07:22 pm

Dev Accelerator Ltd: Monitoring Report for Preferential Issue Proceeds

AI Summary

Dev Accelerator Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its preferential issue of equity shares and convertible warrants. The report, issued by Infomerics Valuation and Rating Limited, confirms nil deviation from the stated objects of the issue. The company has also made this information available on its investor relations website. The preferential issue aggregated to ₹35.00 crore.

Key Highlights

  • Monitoring report for preferential issue proceeds submitted.
  • No deviation from the objects of the preferential issue.
  • Report covers utilization for the quarter ended June 30, 2026.
  • Infomerics Valuation and Rating Limited is the Monitoring Agency.
  • Proceeds raised amounted to ₹35.00 crore.