Integrated Filing — IndAS

General information about company

Scrip Code	544513
NSE Symbol	DEVX
MSEI Symbol	NOTLISTED
ISIN	INE0VOV01021
Name of company	DEV ACCELERATOR LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2026
Date of end of financial year	31-03-2027
Date of board meeting when results were approved	12-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	05-08-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	First quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting	Single segment
Description of single segment	Developing and licensing fully serviced office spaces, IT/ITES services and payroll management services, design and fitout services and related ancillary services
Start date and time of board meeting	12-08-2026 16:00:00
End date and time of board meeting	12-08-2026 17:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NotApplicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
1	Income
	Revenue from operations	4,198.42	4,198.42
	Other income	506.97	506.97
	Total income	4,705.39	4,705.39
2	Expenses
(a)	Cost of materials consumed	699.41	699.41
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.00	0.00
(d)	Employee benefit expense	437.74	437.74
(e)	Finance costs	1,371.84	1,371.84
(f)	Depreciation, depletion and amortisation expense	1,763.70	1,763.70
(f)	Other Expenses
1	Other Expenses	290.48	290.48
	Total other expenses	290.48	290.48
	Total expenses	4,563.17	4,563.17
3	Total profit before exceptional items and tax	142.22	142.22
4	Exceptional items	0.00	0.00
5	Total profit before tax	142.22	142.22
6	Tax expense
7	Current tax	17.20	17.20
8	Deferred tax	(75.39)	(75.39)
9	Total tax expenses	(58.19)	(58.19)
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	200.41	200.41
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	200.41	200.41
17	Other comprehensive income net of taxes	(2.12)	(2.12)
18	Total Comprehensive Income for the period	198.29	198.29
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1,892.64	1,892.64
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.22	0.22
	Diluted earnings (loss) per share from continuing operations	0.22	0.22
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.22	0.22
	Diluted earnings (loss) per share from continuing and discontinued operations	0.22	0.22
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	Notes: 1 The above Unaudited Standalone Financial Results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on August 12, 2026. The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed by the statutory auditors of the company. 2 The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurment principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with relevent rules issued thereunder and other accounting principles generally accepted in India and in terms of compliance with Regulation 33 of Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 . 3 The company operates in a single segment and in line with Ind AS - 108 - “Operating Segments”, the operation of the company fall under “Renting and provision of Co-working spaces” business which is considered to be the only reportable business segment. 4 The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year ending March 31, 2026 and the unaudited published year-to-date figures up to December 31, 2025 being the date of the end of the third quarter of the financial year which were subjected to limited review. 5 The Company has completed the Initial Public Offer ('IPO') of 2,35,00,000 equity shares of face value of Rs.2 each at an issue price of Rs.61 per equity share (including share premium of Rs. 59 per equity share), The equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2025. The utilisation of IPO proceeds from fresh issue of Rs. 12,737.90 lakhs (net off Issue expenses of Rs. 1597.10 lakhs in relation to fresh issue of shares) is summarised below: (Rs. in lakhs) Particulars Amount to be utilised as per prospectus Amount utilised upto June 30, 2026 Amount unutilised as at June 30, 2026 Capex for fitout in proposed centres 7,311.60 4,437.81 2,873.79 Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 - General Corporate Purposes 1,926.30 1,926.30 - TOTAL 12,737.90 9,864.11 2,873.79 The IPO proceeds which were unutilised as on June 30, 2026 are parked in Public Monitoring account, Public issue account and fixed deposits from monitoring account. 6 During the quarter ended June 30, 2026, the Company, pursuant to approval of shareholders obtained through Postal Ballot dated April 23, 2026 and in-principle approvals received from BSE Limited (June 8, 2026) and National Stock Exchange of India Limited (June 9, 2026), allotted the following securities on a preferential basis on June 16, 2026: (a) Equity Shares: 44,44,440 fully paid-up equity shares of face value Rs.2 each, at an issue price of Rs.45 per share (including premium of Rs.43), to Infibeam Projects Management Private Limited (a non-promoter entity), aggregating to Rs. 1999.99 lakhs. (b) Convertible Warrants: 33,33,330 convertible warrants of face value Rs.2 each, at an issue price of Rs.45 per warrant (including premium of Rs.43), to the Promoters of the Company namely Mr. Umesh Uttamchandani, Mr. Parth Shah & Mr. Rushit Shah, aggregating to Rs. 1499.99 lakhs. In accordance with the SEBI ICDR Regulations, 2018, the Company has received 25% of the aggregate consideration i.e. Rs.374.99 lakhs at the time of allotment of warrants and the balance 75% is receivable upon exercise of the warrants, within 18 months from the date of allotment. Each warrant, on exercise, shall be convertible into one fully paid-up equity share. Consequent to allotment and listing of the equity shares under (a) above, the issued and subscribed equity share capital of the Company increased from Rs.1803.75 lakhs (9,01,87,515 equity shares of Rs.2 each) to Rs.1892.64 lakhs (9,46,31,955 equity shares of Rs.2 each) as at June 30, 2026. The newly allotted shares rank pari-passu with existing equity shares in all respects. 7 The Company, pursuant to approval granted by its Board of Directors vide letter dated May 19, 2026, has allotted 1,00,000 (One Lakh) Senior, Secured, Rated, Listed, Redeemable, Non-Cumulative, Taxable, Transferable Non-Convertible Debentures (NCDs / Debentures) having a face value of Rs. 10,000/- (Rupees Ten Thousand only) each, aggregating to Rs. 100,00,00,000/- (Rupees One Hundred Crores only), on a private placement basis to eligible investors. The allotment was approved by the Executive Committee of the Board of Directors at its meeting held on August 04, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The said event, having occurred after the reporting period, constitutes a non-adjusting event in terms of Ind AS 10 Events after the Reporting Period, and accordingly does not require any adjustment to the financial results for the quarter ended June 30, 2026. The Company will account for the proceeds of the aforesaid Debentures, along with the associated finance costs and security arrangements, in the period in which the allotment has taken place, i.e., the quarter ending September 30, 2026. 8 The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures.

Textual Information(1)

Notes: 1 The above Unaudited Standalone Financial Results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on August 12, 2026. The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed by the statutory auditors of the company. 2 The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurment principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with relevent rules issued thereunder and other accounting principles generally accepted in India and in terms of compliance with Regulation 33 of Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 . 3 The company operates in a single segment and in line with Ind AS - 108 - “Operating Segments”, the operation of the company fall under “Renting and provision of Co-working spaces” business which is considered to be the only reportable business segment. 4 The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year ending March 31, 2026 and the unaudited published year-to-date figures up to December 31, 2025 being the date of the end of the third quarter of the financial year which were subjected to limited review. 5 The Company has completed the Initial Public Offer ('IPO') of 2,35,00,000 equity shares of face value of Rs.2 each at an issue price of Rs.61 per equity share (including share premium of Rs. 59 per equity share), The equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2025. The utilisation of IPO proceeds from fresh issue of Rs. 12,737.90 lakhs (net off Issue expenses of Rs. 1597.10 lakhs in relation to fresh issue of shares) is summarised below: (Rs. in lakhs) Particulars Amount to be utilised as per prospectus Amount utilised upto June 30, 2026 Amount unutilised as at June 30, 2026 Capex for fitout in proposed centres 7,311.60 4,437.81 2,873.79 Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 - General Corporate Purposes 1,926.30 1,926.30 - TOTAL 12,737.90 9,864.11 2,873.79 The IPO proceeds which were unutilised as on June 30, 2026 are parked in Public Monitoring account, Public issue account and fixed deposits from monitoring account. 6 During the quarter ended June 30, 2026, the Company, pursuant to approval of shareholders obtained through Postal Ballot dated April 23, 2026 and in-principle approvals received from BSE Limited (June 8, 2026) and National Stock Exchange of India Limited (June 9, 2026), allotted the following securities on a preferential basis on June 16, 2026: (a) Equity Shares: 44,44,440 fully paid-up equity shares of face value Rs.2 each, at an issue price of Rs.45 per share (including premium of Rs.43), to Infibeam Projects Management Private Limited (a non-promoter entity), aggregating to Rs. 1999.99 lakhs. (b) Convertible Warrants: 33,33,330 convertible warrants of face value Rs.2 each, at an issue price of Rs.45 per warrant (including premium of Rs.43), to the Promoters of the Company namely Mr. Umesh Uttamchandani, Mr. Parth Shah & Mr. Rushit Shah, aggregating to Rs. 1499.99 lakhs. In accordance with the SEBI ICDR Regulations, 2018, the Company has received 25% of the aggregate consideration i.e. Rs.374.99 lakhs at the time of allotment of warrants and the balance 75% is receivable upon exercise of the warrants, within 18 months from the date of allotment. Each warrant, on exercise, shall be convertible into one fully paid-up equity share. Consequent to allotment and listing of the equity shares under (a) above, the issued and subscribed equity share capital of the Company increased from Rs.1803.75 lakhs (9,01,87,515 equity shares of Rs.2 each) to Rs.1892.64 lakhs (9,46,31,955 equity shares of Rs.2 each) as at June 30, 2026. The newly allotted shares rank pari-passu with existing equity shares in all respects. 7 The Company, pursuant to approval granted by its Board of Directors vide letter dated May 19, 2026, has allotted 1,00,000 (One Lakh) Senior, Secured, Rated, Listed, Redeemable, Non-Cumulative, Taxable, Transferable Non-Convertible Debentures (NCDs / Debentures) having a face value of Rs. 10,000/- (Rupees Ten Thousand only) each, aggregating to Rs. 100,00,00,000/- (Rupees One Hundred Crores only), on a private placement basis to eligible investors. The allotment was approved by the Executive Committee of the Board of Directors at its meeting held on August 04, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The said event, having occurred after the reporting period, constitutes a non-adjusting event in terms of Ind AS 10 Events after the Reporting Period, and accordingly does not require any adjustment to the financial results for the quarter ended June 30, 2026. The Company will account for the proceeds of the aforesaid Debentures, along with the associated finance costs and security arrangements, in the period in which the allotment has taken place, i.e., the quarter ending September 30, 2026. 8 The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures.

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2026	01-04-2026
Date of end of reporting period		30-06-2026	30-06-2026
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	2.83	2.83
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	(0.71)	(0.71)
5	Total Other comprehensive income	(2.12)	(2.12)

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising	Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	15-09-2025
Amount Raised	14,335.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	Infomerics Valuation and Rating Limited
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review	The Company has raised funds from the fresh issue amounting to 14335 Lakhs. The total issue expenses in relation to the Issue is 1597.10 Lakhs, resulting in net proceeds of 12,737.90 Lakhs.
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Capital expenditure for fit-outs in the Proposed Centers	Not Applicable	7,311.60	0.00	4,437.81	0.00
2	Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures	Not Applicable	3,500.00	0.00	3,500.00	0.00
3	General corporate purposes	Not Applicable	1,926.30	0.00	1,926.30	0.00

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	16-06-2026
Amount Raised	3,499.99
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	Infomerics Valuation and Rating Limited
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review	The Company has raised funds through issue of 44,44,440 Equity shares and 33,33,330 Convertible warrants through Preferential Issue. The Company has received full amounts towards equity shares and 25% of warrants subscription price.
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Interest Free Refundable Security Deposit	Not Applicable	3,499.90	0.00	2,374.99	0.00

Signatory Details

Name of signatory	Umesh Uttamchandani
Designation of person	Managing Director
Place	Ahmedabad
Date	12-08-2026