Latest news about Dev Accelerator
Dev Accelerator
36.05
+0.01(+0.03%)
Company Performance:
View Company Insights1D+0.03%
1M-7.68%
6M-15.24%
1Y-43.72%
5Y-43.72%
More news about Dev Accelerator
27May 26
Dev Accelerator FY26 net profit rises 396% to ₹884.21 lakh
Dev Accelerator Limited reported a 396% rise in consolidated net profit to ₹884.21 lakh for FY26, with revenue from operations increasing to ₹22,592.26 lakh. The company achieved a consolidated EBITDA margin of 48.4% and secured 15.75 lakh sq. ft. of contracted space in Ahmedabad. Management plans to invest ₹200-225 crore to expand capacity to 3 million sq. ft. by FY28 and targets a revenue run rate of ₹330-350 crore in FY27.
08May 26
Dev Accelerator Limited Wins Coworking Startup of the Year at ET Entrepreneur Awards 2026
Dev Accelerator Limited's April 2026 newsletter highlights two major award wins, including Coworking Startup of the Year for the second consecutive year, and an upcoming Bangalore centre launch. The company underscored India's GCC-driven enterprise workspace demand, with the GCC workforce projected to reach 2 million professionals by 2026, while hosting five key community events across its centres.
26Apr 26
Dev Accelerator shareholders approve preferential issuance of warrants and equity shares
Dev Accelerator Limited's postal ballot process concluded successfully with shareholders overwhelmingly approving both special resolutions for preferential issuance of convertible warrants (99.98% approval) and equity shares (99.995% approval). The voting, conducted through remote e-voting from March 25 to April 23, 2026, saw participation from 20,212 eligible shareholders across promoter group, public institutions, and public non-institutions. The company had previously issued a corrigendum on April 21, 2026, addressing stock exchange clarifications on valuation report requirements for the proposed issuance of up to 33,33,330 equity shares through warrant conversion and 44,44,440 equity shares on preferential basis.
16Apr 26
Dev Accelerator Limited Announces Resignation of VP Operations Monika Handa
Dev Accelerator Limited announced the resignation of Ms. Monika Handa, Vice President – Operations and Facility, effective April 30, 2026. The resignation, submitted on April 11, 2026, and accepted on April 16, 2026, was made to pursue new challenges and opportunities aligned with her career goals. The company has complied with all SEBI regulatory disclosure requirements for the leadership transition.
13Apr 26
DevX Secures ₹110 Crore Enterprise Deal with Manubhai and Shah LLP
Dev Accelerator Limited announced a significant ₹110 crore enterprise agreement with Manubhai and Shah LLP for a 9-year managed workspace contract spanning 1,00,000 sq. ft. The deal involves relocation of the law firm's Ahmedabad headquarters to DevX's Capital One campus, which features 2,000 total seats with over 1,000 committed in Phase 1. The 3.15 lakh sq. ft. campus hosts diverse enterprise tenants across IT, healthcare, and other sectors, demonstrating strong institutional adoption of managed workspace solutions in Tier-II cities.
31Mar 26
DevX Secures ₹850 Crore Commercial Tower Deal in Ahmedabad, Ranked Among India's Fastest-Growing Companies
Dev Accelerator Limited has secured a ₹850 crore deal to operate a 27-storey commercial tower spanning over 8 lakh sq ft in Ahmedabad's Ambli-Bopal micro market. The company has been ranked 8th among India's Fastest-Growing Companies 2026, recording 512.79% growth between 2021 and 2024. DevX continues expanding with multiple projects across Ahmedabad, including developments of 3.15 lakh sq ft, 4,92,000 sq ft, and 84,000 sq ft, positioning itself to capitalize on growing enterprise demand for Grade-A managed workspace infrastructure.
25Mar 26
Dev Accelerator Limited Schedules Virtual Investor Meeting with Four Investment Firms
Dev Accelerator Limited has scheduled a virtual group meeting with analysts and investors for March 30, 2026, from 03.00 pm to 04.00 pm. The meeting will include four investment firms: DB Investments, Emerge Capital, Burman Capital, and Aionios Alpha. The company has confirmed compliance with SEBI regulations and stated that no unpublished price sensitive information will be shared during the session.
25Mar 26
DevX Completes Postal Ballot Notice Dispatch for ₹35 Crore Fundraising Initiative
Dev Accelerator Limited has completed the electronic dispatch of postal ballot notices for its ₹35 crore fundraising initiative, involving ₹15 crore from promoters through convertible warrants and ₹20 crore from non-promoter investors through equity shares. The remote e-voting process runs from March 25 to April 23, 2026, with proceeds earmarked for securing 4,50,000 sq. ft. managed workspace in Ahmedabad's proposed Winston building.
17Mar 26
Dev Accelerator Limited Schedules Board Meeting for March 24, 2026 to Consider Fund Raising Proposal
Dev Accelerator Limited has scheduled a board meeting for March 24, 2026, to consider fund raising proposals through equity shares or other eligible securities via various methods including private placement, qualified institutions placement, and preferential issue. The company has closed its trading window from March 17, 2026, until 48 hours after the board meeting concludes, in compliance with regulatory requirements.
10Feb 26
Dev Accelerator Limited Reports IPO Proceeds Utilization for Q3FY26
Dev Accelerator Limited utilized Rs. 31.89 crore from its Rs. 143.35 crore IPO proceeds during Q3FY26, primarily for capital expenditure (Rs. 25.47 crore) and NCD repayments (Rs. 6.42 crore). The company has now utilized Rs. 87.44 crore in total, with Rs. 39.94 crore remaining unutilized and deployed across fixed deposits and bank accounts. The monitoring agency reported no deviations from stated objectives.
02Feb 26
Dev Accelerator Limited Provides Q3 FY26 Earnings Call Recording Following Conference
Dev Accelerator Limited has provided the audio recording of its Q3 FY26 earnings conference call conducted on February 02, 2026, through a regulatory filing under SEBI regulations. The call discussed unaudited financial results for the quarter ended December 31, 2025, with senior management participation including Chairman Parth Shah and Managing Director Umesh Uttamchandani.
02Feb 26
Dev Accelerator Q3FY26 Revised Results: 60.2% Standalone Revenue Growth
Dev Accelerator Limited released revised Q3 & 9M FY26 earnings showing strong standalone performance with 60.2% quarterly revenue growth and 61.1% nine-month EBITDA margin. The company signed India's largest managed office contract of 8 lakh sq. ft. involving ₹100 crore investment and launched Ahmedabad Mega Campus with 95% pre-leasing, demonstrating strong operational execution in Tier-2 markets.
27Jan 26
DevX Accelerates National Expansion Through Landowner First Development Management Model
Dev Accelerator Limited has announced national expansion through its innovative "Landowner First" Development Management model, achieving 8.6 lakh sq. ft. of operational workspace across 28 centers with INR 1780 Mn revenue for FY 25. The model enables landowners to retain 100% ownership while delivering 20-30% higher returns, facilitating expansion into Mumbai, Hyderabad, and Tier II cities, serving major enterprise clients including Zomato and Persistent Systems.
20Dec 25
Dev Accelerator Limited Commercial Court Case Adjourned to January 2026
Dev Accelerator Limited has disclosed that its commercial court case involving LRS Service Private Limited has been adjourned from December 20, 2025 to January 31, 2026. The case, filed under the Arbitration and Conciliation Act, 1996, is being heard at the Commercial Court of Kasna, Gautam Budh Nagar, Uttar Pradesh. The company will provide updates on substantial developments as required under SEBI regulations.
18Nov 25
Dev Accelerator Limited Reports 80% Revenue Growth in H1, Plans Major Expansion
Dev Accelerator Limited, a managed workspace provider, reported an 80% year-on-year revenue growth to INR 107.47 crores in H1. EBITDA increased by 64% to INR 52.82 crores, maintaining a 50% margin. The company plans to launch India's largest single managed office campus in Ahmedabad, adding 3,990 seats with 95% pre-occupancy. Dev Accelerator aims to expand its total seats from 13,604 to 17,594 and increase its asset under management from 8.90 lakh sq ft to 13.50 lakh sq ft. Future plans include adding 14,000-15,000 seats in 12-18 months and expanding to Pune and Chennai, targeting consolidated revenue of INR 330-350 crores.
11Nov 25
Dev Accelerator Reports 50.4% Revenue Surge in Q2, Driven by Strong Enterprise Demand
Dev Accelerator Limited reported a 50.4% increase in Q2 revenue, reaching ₹51.84 crore. EBITDA grew 45.3% year-on-year to ₹26.43 crore. The company expanded to 28 centers across 12 cities, covering 0.89 lakh sq. ft., with an 88% occupancy rate. Enterprise clients now account for 65% of rental revenue. Dev Accelerator plans to set up 8 new centers, focusing on Tier-II cities. The company has utilized ₹5,555.16 lakhs of its IPO proceeds for expansion and debt repayment.
06Nov 25
Dev Accelerator Limited Announces Maiden Earnings Conference Call for Q2 & H1 FY26
Dev Accelerator Limited (BSE: 544513, NSE: DEVX) has scheduled its first earnings conference call on November 12, 2025, at 3:30 PM IST to discuss Q2 and H1 FY26 performance. The company's Board will meet on November 11, 2025, to approve the unaudited financial results. Key management, including Chairman Parth Shah and Managing Director Umesh Uttamchandani, will participate. Access numbers for international participants have been provided.
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