Dev Accelerator (DEVX) — Board Meeting

📢 Key Event
Board approved Q1 FY2026 results, reappointed nominee director, modified ESOP 2023, and authorized ₹100 crore NCD issuance.

🔄 What Changed
Profit of ₹150 crores and EPS of ₹0.16; ESOP modifications extending benefits to group employees; ₹100 crore NCD authorization.

🔮 What's Next
6th AGM scheduled for September 25, 2026.

💡 Investor Takeaway
The company strengthened governance and capital plans while reporting modest profitability in its first fiscal quarter.

The board approved unaudited Q1 FY2026 results showing revenue of ₹5,673 crores, profit of ₹150 crores, and EPS of ₹0.16, while reappointing nominee director Jaimin Jagdishbhai Shah and modifying the ESOP 2023 to include group employees. It also cleared a ₹100 crore NCD issuance and set the 6th AGM for September 25, 2026.

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

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