Dev Accelerator Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving special resolutions for the issuance of convertible warrants and equity shares on a preferential basis. The voting results were announced on April 23, 2026, following the completion of the remote e-voting process.

Postal Ballot Background

The company had originally issued a postal ballot notice dated March 24, 2026, to its members for considering and passing resolutions through remote electronic voting process. A corrigendum was subsequently issued on April 21, 2026, specifically addressing the explanatory statements forming part of Item No. 1 and 2 of the original postal ballot notice.

Voting Results Overview

The postal ballot addressed two special resolutions, both of which received strong shareholder support. The scrutinizer's report was prepared by CS Murtuza Mandor of Murtuza Mandorwala & Associates, who oversaw the entire e-voting process.

Resolution 1: Convertible Warrants Issuance

The first resolution regarding the issuance of convertible warrants on a preferential basis to the promoters received substantial approval:

Resolution 2: Equity Shares Issuance

The second resolution for issuance of equity shares on a preferential basis also secured overwhelming support:

Shareholder Participation

The postal ballot saw significant participation from the company's shareholder base:

Regulatory Compliance

The postal ballot process was conducted in compliance with Section 108 and 109 of the Companies Act, 2013, and Regulation 30 & 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company formally communicated the results to both BSE Limited (Script Code: 544513) and National Stock Exchange (Trading Symbol: DEVX).

Document Availability

The voting results along with the scrutinizer's report are available on the company website at https://www.devx.work/investor-relations . The communication was signed by Anjan Trivedi, Company Secretary & Compliance Officer, and countersigned by Parth Nameshbhai Shah, Chairman and Whole Time Director.

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.