Loan & Debt19 May 2026, 06:41 pm
Dev Accelerator to Issue ₹100 Cr NCDs on Private Placement
AI Summary
Dev Accelerator Ltd's board approved the issuance of up to 100,000 Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating up to ₹100 Crores, on a private placement basis. The NCDs are senior, secured, rated, listed, redeemable, taxable, and transferable. The board also approved the audited financial results for the quarter and financial year ended March 31, 2026.
Key Highlights
- Dev Accelerator will issue up to ₹100 Cr in NCDs via private placement.
- The NCDs are senior, secured, rated, listed, redeemable and taxable.
- Audited financial results for FY26 were approved by the board.
- Auditor's report by M/s. Nisarg J Shah & Co. had an unmodified opinion.