Dev Accelerator Ltd

Dev Accelerator Ltd has announced capacity addition through lease deeds in Kochi and Ahmedabad, significantly increasing its operational footprint. The company will add 13,075 sq. ft. in Kochi, expected to be operational by February/March 2027, and 84,000 sq. ft. in Ahmedabad, expected by November 2026. The total investment for this expansion is up to ₹6.00 Crores (₹3.00 Crores for each city), to be financed through internal accruals or debt. This expansion aligns with the company's business growth strategy and aims to enhance its operational capacity. The existing capacity for both centers was 1.16 Million sq. ft. with a utilization rate of 91% as of September 30, 2026.

Dev Accelerators Limited (DevX) announced its unaudited financial results for Q2 and H1 FY27, reporting its highest ever quarterly performance. Q2 FY27 revenue grew 54.8% year-on-year to ₹80.2 crore, with Profit After Tax (PAT) tripling to ₹5.5 crore. Cash EBIT more than doubled to ₹19.1 crore, achieving a margin of 23.8%. For H1 FY27, revenue increased by 25% to ₹134.0 crore, and PAT rose 3.7 times year-on-year to ₹7.0 crore. The company maintained a high occupancy rate of 91.2%, with a pipeline of 17 new centers expected to expand its platform to 4.16 million sq. ft. DevX raised ₹100 crore through NCDs to fund its expansion.

Dev Accelerator Ltd has submitted its Monitoring Agency Report for the quarter ended September 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, indicates no deviation from the stated objects of the issue. The total amount raised through the preferential issue was ₹35.00 crore. The company has also made the report available on its investor relations website.

Dev Accelerator Ltd's Board of Directors met on November 3, 2026, approving the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also greenlit a proposal to raise up to ₹300 Crores through the issuance of Non-Convertible Debentures (NCDs) via private placement. Additionally, the company approved the allotment of 33,33,330 equity shares pursuant to the conversion of convertible warrants held by promoters, increasing the company's issued and paid-up capital.

Dev Accelerator Ltd has announced that its Board of Directors will convene on November 3, 2026. The meeting agenda includes the approval of the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026, along with the Limited Review Report. Additionally, the board will consider a proposal for raising funds through the issuance of non-convertible debentures via private placement, within the company's existing borrowing limits. The trading window for securities will remain closed until 48 hours after the announcement of the financial results.

Dev Accelerator Limited held its 6th Annual General Meeting (AGM) on September 25, 2026, where shareholders approved the alteration of the Memorandum of Association (MOA) and Articles of Association (AOA). The meeting, conducted via video conferencing, saw 10 resolutions passed. Voting results indicate strong support, with all resolutions passing with a significant majority. The company also adopted the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. The voting results and scrutinizer's report are available on the company's website.

Dev Accelerator Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the announcement of the unaudited financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to approve these results will be communicated separately. All designated persons and their immediate relatives are prohibited from trading in the company's equity shares during this period, in compliance with SEBI regulations.

Dev Accelerator Limited (DAL) has filed a revised disclosure concerning an encumbrance created over equity shares held by guarantors Parth Shah, Rushit Shah, and Umesh Uttamchandani. This encumbrance is in connection with DAL's issuance of up to ₹100 crore in senior, listed, secured, redeemable, non-cumulative, taxable, transferable, non-convertible debentures on a private placement basis. The encumbrance includes covenants that the guarantors will not reduce their collective shareholding below 19% of the total paid-up capital (on a fully diluted basis) and will maintain their executive positions and directorships until the Final Redemption Date. Additionally, DAL requires the Debenture Trustee's consent for significant corporate restructuring activities. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Dev Accelerator Ltd. announced that its 6th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 01:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means. In compliance with SEBI Listing Regulations 36(1)(b) and 58(1)(b), the company will send letters providing the web-link to the Annual Report for Financial Year 2025-26 to members and debenture holders who have not registered their email addresses. The Integrated Annual Report is also available on the company's website and the websites of the stock exchanges.

Dev Accelerator Ltd has announced its 6th Annual General Meeting (AGM) to be held on Friday, September 25, 2026, at 01:00 P.M. (IST) via Video Conferencing/Other Audio-Visual Means. The company is submitting its Integrated Annual Report for the financial year 2025-26, along with the AGM notice, to all members and debenture holders electronically. The report is also available on the company's investor relations website. The annual report details the company's business model focused on providing institutional-grade workspaces in Tier-II cities through a capital-efficient, asset-light approach, and highlights its integrated ecosystem of development, design, operations, technology, and enterprise services. It includes a disclaimer regarding forward-looking statements.