Dev Accelerator (DEVX) — Corporate Action

📢 Key Event
Approved allotment of 100,000 non-convertible debentures aggregating to Rs. 100 crores

🔄 What Changed
Rs. 100 crores raised via private placement of non-convertible debentures

🔮 What's Next
Debentures to be listed on BSE Wholesale Debt Market within statutory timelines

💡 Investor Takeaway
The company raised Rs. 100 crores through a secured debt instrument with 11.75% coupon, maturing in 2029.

Dev Accelerator Limited approved the allotment of 100,000 non-convertible debentures with a face value of Rs. 10,000 each, aggregating to Rs. 100 crores, on a private placement basis. The debentures carry an 11.75% coupon payable monthly, mature on August 4, 2029, and are secured by a first-ranking pari passu charge on assets with increasing security cover. Listing on BSE's Wholesale Debt Market is planned within statutory timelines.

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About Dev Accelerator Limited (DEVX)

Services · Co-Working · Listed on NSE

Market Cap: ₹321.94 Cr P/E: 27.2 ROE: 19.9% ROCE: 34.4%

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🔥 Also filed on 4 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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