Dev Accelerator Limited has announced a virtual meeting with analysts and investors scheduled for March 30, 2026, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, formerly known as Dev Accelerator Private Limited, communicated this information to both BSE Limited and National Stock Exchange of India Limited on March 25, 2026.

Meeting Details

The virtual group meeting is scheduled to take place on Monday, March 30, 2026, from 03.00 pm to 04.00 pm. The session will bring together the company's management with representatives from four prominent investment firms.

Participating Investment Firms

Four investment companies will participate in the scheduled meeting:

• DB Investments
• Emerge Capital
• Burman Capital
• Aionios Alpha

Regulatory Compliance and Disclosure

The company has emphasized its commitment to regulatory compliance by stating that no unpublished price sensitive information pertaining to the company will be shared during the analyst and investor meeting. This disclosure aligns with SEBI's requirements for transparency in corporate communications with market participants.

Dev Accelerator Limited has also noted that the meeting schedule remains subject to change due to potential exigencies on the part of participating analysts or investors. Additional information regarding the meeting will be made available on the company's investor relations website at https://www.devx.work/investor-relations .

The disclosure was signed by Anjan Pareshkumar Trivedi, Company Secretary & Compliance Officer, ensuring proper authorization and documentation of the announcement.

Dev Accelerator Limited has completed the dispatch of postal ballot notices through electronic mode for its ₹35 crore fundraising initiative, with the company publishing newspaper advertisements regarding the completion on March 25, 2026. The board-approved capital raise involves promoter participation through ₹15 crore investment via convertible warrants and ₹20 crore from non-promoter investors through equity shares.

Postal Ballot Process Implementation

The company has successfully completed dispatch of postal ballot notices on March 24, 2026, to all eligible shareholders. Remote e-voting facility has been made available through electronic mode, with detailed information published in Business Standard (English) and Jai Hind (Gujarati) newspapers on March 25, 2026.

Promoter Investment Through Convertible Warrants

The company proposes to issue up to 33,33,330 convertible warrants to three promoters at ₹45.00 per warrant, raising ₹14,99,99,850. Each warrant is convertible into one fully paid-up equity share within 18 months from allotment.

The warrants require 25% payment at subscription with the balance 75% payable upon conversion to equity shares. All three promoters will receive 11,11,110 warrants each, valued at ₹4,99,99,950 per allottee.

Non-Promoter Equity Investment

The board also approved issuance of 44,44,440 fully paid-up equity shares to Infibeam Projects Management Private Limited at ₹45.00 per share, aggregating ₹19,99,99,800.

Ahmedabad Expansion Strategy

The proceeds will be utilized for paying an Interest Free Refundable Security Deposit of ₹35.10 crore for securing managed workspace in Ahmedabad. The company has entered into a Letter of Intent for approximately 4,50,000 sq. ft. space in the proposed "Winston" building on Bopal-Ambli Road, to be operated under DevX's Straight Lease Model.

Managing Director Umesh Uttamchandani commented that Ahmedabad remains a priority market with strong enterprise demand for high-quality managed workspaces. He emphasized promoter participation demonstrates strong conviction in DevX's business model and growth trajectory.

Both issuances comply with SEBI ICDR Regulations and Companies Act, 2013, with the relevant pricing date fixed as March 24, 2026. The company operates 28 centres across multiple Indian cities with over 14,000 seats and 8.6 lakh sq. ft. under management, positioning itself as an enterprise-focused managed workspace platform.