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Dev Accelerator
41.
45
+0.36
(+0.88%)
Market Cap
₹373.83 Cr
PE Ratio
124.30
Industry
Commercial Services
Buy
Sell
Company Performance:
1D
+0.88%
1M
+14.03%
6M
-8.72%
1Y
-35.28%
5Y
-35.28%
View Company Insights
Latest news about Dev Accelerator
Dev Accelerator Limited Announces Postal Ballot Results for Preferential Issuance
11 hrs ago
Today
Dev Accelerator Limited announced successful completion of its postal ballot process on April 23, 2026, with shareholders overwhelmingly approving two special resolutions for preferential issuance of convertible warrants (99.98% approval) and equity shares (99.995% approval). The voting process, conducted through remote e-voting from March 25 to April 23, 2026, saw participation from over 20,000 shareholders with results scrutinized by CS Murtuza Mandor.
Dev Accelerator Limited Announces Resignation of VP Operations Monika Handa
7 days ago
DevX Secures ₹110 Crore Enterprise Deal with Manubhai and Shah LLP
10 days ago
DevX Secures ₹850 Crore Commercial Tower Deal in Ahmedabad, Ranked Among India's Fastest-Growing Companies
Mar 31, 2026
Dev Accelerator Limited Schedules Virtual Investor Meeting with Four Investment Firms
Mar 25, 2026
More news about Dev Accelerator
25
Mar 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.
17
Mar 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.
10
Feb 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.
02
Feb 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.
02
Feb 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.
27
Jan 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.
20
Dec 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.
18
Nov 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.
11
Nov 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.
06
Nov 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.
Dev Accelerator
41.
45
+
0.
36
(+
0.
88
%)
1 Year Returns:
-35.28%
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