Dev Accelerator Limited has announced the resignation of a key senior management personnel, marking a significant leadership transition for the technology company.

Resignation Details

Ms. Monika Handa, Vice President – Operations and Facility, has tendered her resignation from Dev Accelerator Limited. The resignation was formally submitted through a letter dated April 11, 2026, and subsequently accepted by the company management on April 16, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all necessary disclosure requirements under the SEBI Listing Regulations, including submission of the resignation letter and required details to both BSE Limited and National Stock Exchange of India Limited.

Leadership Transition

In her resignation letter, Ms. Handa stated that the decision was made after careful consideration to pursue opportunities more closely aligned with her long-term career goals and aspirations. She expressed gratitude for the trust placed in her and acknowledged the platform provided to drive impact at scale during her tenure at Dev Accelerator Limited.

Ms. Handa emphasized her commitment to ensuring a smooth and structured transition of responsibilities before her departure. She highlighted the significant experiences, challenges, and achievements during her journey with the company, noting they will remain an important part of her professional path.

Company Information

Dev Accelerator Limited, formerly known as Dev Accelerator Private Limited, is headquartered in Ahmedabad, Gujarat. The company trades on BSE with script code 544513 and on NSE with trading symbol DEVX. Additional information regarding this announcement is available on the company's investor relations website.

Dev Accelerator Limited (DevX) has announced a landmark enterprise agreement with Manubhai and Shah LLP worth ₹110 crore, marking one of the largest enterprise-led flexible workspace transactions in a Tier-II city. The 9-year contract spans approximately 1,00,000 sq. ft. and establishes strong long-term revenue visibility for the company while reinforcing growing institutional adoption of managed office solutions.

Deal Structure and Campus Details

The comprehensive enterprise agreement encompasses significant operational parameters that position DevX strategically in the managed workspace sector:

Manubhai and Shah LLP will relocate its Ahmedabad headquarters to DevX's premium managed campus at Capital One, with the facility designed as an integrated workplace ecosystem offering comprehensive amenities including managed cafeteria, coffee lounge, breakout zones, wellness facilities, gym, crèche, and collaborative event spaces.

Diverse Enterprise Tenant Portfolio

The Capital One campus has attracted a robust mix of enterprise occupiers across multiple sectors, demonstrating the increasing demand for integrated, enterprise-grade workspaces:

Strategic Market Positioning

Commenting on the development, Umesh Uttamchandani, Managing Director of Dev Accelerator Limited, emphasized the transaction's significance: "This is a defining transaction not just in scale, but in what it represents for the future of commercial real estate. A commitment of this size and tenure reflects increasing enterprise confidence in managed workspace platforms as long-term infrastructure partners."

The partnership builds on a five-year relationship between DevX and Manubhai & Shah LLP across multiple cities, with the law firm's decision to establish their new headquarters at the facility reflecting confidence in DevX's managed workspace offerings. As businesses expand beyond traditional metros, cities like Ahmedabad are becoming strategic growth centers for enterprise operations.

Company Operations and Market Presence

Dev Accelerator Limited operates as an enterprise-focused, full-solution managed workspace platform, providing end-to-end services covering site selection, bespoke fit-outs, technology integration, and facility management under a single service level agreement. The company maintains one of India's largest Tier-II footprints by operational flexible workspace stock, operating 28 centers across multiple Indian cities with over 14,000 seats and 8.6 lakh sq. ft. under management.