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 The company clarified that no unpublished price sensitive information pertaining to its operations will be shared during the meeting.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.

Promoters of Dev Accelerator Limited have created an encumbrance over their equity shares to support a ₹100 crore non-convertible debenture (NCD) issuance.

The disclosure, filed with stock exchanges on August 4, 2026, relates to a deed of personal guarantee executed on July 31, 2026. The encumbrance covers shares held by Chairman Parth Shah, Whole Time Director Rushit Shah, and Managing Director Umesh Uttamchandani.

Encumbrance Details

The three promoters collectively hold 35.09% of the company’s total share capital, amounting to 3,32,01,850 shares. The new encumbrance affects 1,85,96,640 shares, representing 19.65% of the total paid-up capital.

This transaction results in 56.01% of the promoter group’s total stake being encumbered. The company clarified that no pledge has been created; rather, the encumbrance arises from covenants restricting disposal and control over the shares.

NCD Structure and Ratings

The debt instrument consists of up to 1,00,000 senior, listed, secured, rated, redeemable, non-cumulative, taxable, transferable, non-convertible debentures. Each debenture has a face value of ₹10,000.

The issue carries a credit rating of Acuite BBB | Stable. Catalyst Trusteeship Limited acts as the Debenture Trustee for the benefit of holders including Manba Finance Ltd, Indel Money Limited, Wiseacre Trading and Consulting Private Limited, Blue Ashva Mangalam Large Value Fund – I, and Gripvest Asset Lix LLP.

Use of Proceeds

Dev Accelerator plans to utilize the raised funds for specific corporate purposes:

• Refinancing existing indebtedness: up to ₹55 crore
• Capital expenditure and security deposits for Bangalore Prestige project (approx. 100,000 sq. ft.) and Pune ANP project (approx. 200,000 sq. ft.): up to ₹25 crore
• General working capital requirements: balance amount

Covenants and Restrictions

Under the Deed of Personal Guarantee and Debenture Trust Deed, the guarantors must maintain a collective shareholding of at least 19% of the total issued and paid-up share capital on a fully diluted basis until the Final Redemption Date. They are also required to retain their executive positions and directorships.

Additionally, the company cannot undertake amalgamation, demerger, merger, consolidation, or other corporate restructuring without prior written consent from the Debenture Trustee.