Dev Accelerator Limited approved all 10 resolutions put to vote at its sixth Annual General Meeting held on September 25, 2026. The meeting was conducted through Video Conferencing and Other Audio Visual Means, with shareholders voting via remote e-voting.

The agenda included the adoption of audited standalone and consolidated financial statements for FY26. Shareholders also ratified the pre-IPO Employee Stock Option Plan (ESOP) Scheme 2023 and approved modifications to extend benefits to eligible employees of group companies, including subsidiaries and associates.

Key Governance and Structural Changes

The company secured approval for several structural and governance changes. These included altering the Objects Clause of the Memorandum of Association and the Articles of Association. Additionally, members approved loans, guarantees, or security under Section 185 of the Companies Act, 2013.

Director appointments were also confirmed. Mr. Yash Himanshu Shah was re-appointed as a director retiring by rotation. Mr. Jaimin Jagdishbhai Shah was re-appointed as a Nominee Director representing Dev Information Technology Limited. M/s Murtuza Mandorwala and Associates were appointed as Secretarial Auditors.

Voting Participation Details

Voting results indicated strong support from the promoter group, who held 33,201,850 shares. Public institutions held 3,308,729 shares, while public non-institutional investors held 58,121,376 shares. The total number of shareholders on the record date was 18,596.

What the Numbers Show

A distinct divergence in voting behavior is evident between shareholder categories. Promoters voted 100% of their holding across most resolutions, ensuring their passage. In contrast, public non-institutional shareholders voted only 27.03% of their total holding. Despite this lower turnout, opposition votes remained negligible, totaling just 673 shares against the financial statement adoption resolution out of nearly 50 million votes polled. This suggests that while retail engagement in voting is limited, there is no significant dissent among participating minority shareholders.

Dev Accelerator Limited will participate in the Arihant Capital Bharat Connect Conference: Rising Stars 2026 – September Edition on September 30, 2026. The company’s management is scheduled to engage with analysts and investors at this event.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no unpublished price sensitive information pertaining to its operations will be shared during the meeting.

Event details and compliance

The investor meet is organized by Arihant Capital. Dev Accelerator stated that the schedule remains subject to change due to exigencies on the part of the company or participating analysts and investors. This standard disclaimer ensures flexibility in case of unforeseen circumstances affecting the planned engagement.

Investors can access further details regarding the company’s investor relations activities through its official website. The company maintains transparency by ensuring such disclosures are publicly available alongside regulatory filings.