Dev Accelerator Board Meeting Outcome
Dev Accelerator Ltd approved the issue of warrants and equity shares, raising about ₹35 Crore. The board also appointed new internal and secretarial auditors.
- Value
- ₹35.00 Cr
- Execution
- 18 months
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Dev Accelerator Ltd approved the issue of warrants and equity shares, raising about ₹35 Crore. The board also appointed new internal and secretarial auditors.
Dev Accelerator Ltd issued 44.44 lakh shares at ₹45, raising ₹20 Crore from Infibeam Projects Management Private Ltd. The preferential issue boosts paid‑up capital.
Dev Accelerator Ltd appointed a new secretarial auditor and internal auditor. The changes strengthen its compliance and governance framework.
Dev Accelerator Limited released its May 2026 newsletter, highlighting office expansions, client onboarding and market insights. The update reinforces its growth narrative for shareholders.
Dev Accelerator Ltd received in-principle stock exchange approvals for a Rs.35.00 Crore preferential issue. The issuance comprises equity shares and convertible warrants priced at Rs.45 each.
Dev Accelerator Limited settled its litigation with LRS Services Private Limited via a Settlement Deed. The ₹0.30 Crore settlement involves deposit adjustments and rent claim waivers.
Dev Accelerator Limited added 1.11 lakh sq. ft. across two premium Bengaluru assets. The ₹10 Crore investment adds 1,200 seats, strengthening its managed workspace portfolio.
Dev Accelerator Limited submitted its Annual Secretarial Compliance Report for FY2026. The report confirms overall regulatory compliance with no material deviations or penalties recorded.
Dev Accelerator Limited achieved FY26 consolidated revenue of ₹226cr and 48.4% EBITDA margin, transitioning toward an institutional infrastructure platform for GCC migration in Tier 2 cities.
Dev Accelerator Limited reported FY26 standalone revenue of ₹170.91 Crore, a 34.3% YoY increase. EBITDA margins reached 60.5%, driven by enterprise client realizations.
Dev Accelerator Ltd (DEVX) reported strong FY26 performance with consolidated revenue of ₹226 Cr (+42.2% YoY) and EBITDA of ₹109 Cr, driven by its focus on Tier-2 cities and enterprise-led demand.
Dev Accelerator Limited approved a ₹100 Crore debt securities issuance. The non-convertible instruments will be listed on BSE Limited to raise capital.
Dev Accelerator Ltd reported revenue from operations of ₹59.3 Cr (-9.3% YoY) and net profit of ₹8 Cr (+281.0% YoY) for Q4 FY26.
Dev Accelerator approved its FY26 audited financial results and a ₹100 Crore NCD issuance. These outcomes signal steady growth and strategic capital raising for expansion.
Dev Accelerator Limited reported the utilization of ₹143.35 Crore IPO proceeds for the quarter ended March 2026. The monitoring agency confirmed no deviations from stated objects.