Dev Accelerator (DEVX) — Announcement

📢 Key Event
Monitoring Agency Report confirms full utilization of Rs 35.00 crores raised via preferential issue

🔄 What Changed
Rs 35.00 crores fully deployed for security deposit; no material deviations from offer document

🔮 What's Next
No future deadlines or statements provided

💡 Investor Takeaway
Investors can view this as validation of disciplined fund use and progress toward expansion with no unexpected deviations.

Dev Accelerator Limited disclosed its Monitoring Agency Report for the quarter ended June 30, 2026, confirming full utilization of Rs 35.00 crores raised via a preferential issue of equity shares and convertible warrants. The funds were allocated to an interest-free refundable security deposit for a new Ahmedabad office lease, with no material deviations from disclosed objectives or timing. The report validates compliance with SEBI regulations and offer document terms, providing transparency on fund deployment and progress.

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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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