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 Consolidated
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



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 Consolidated Consolidated
1 Income
Revenue from operations 5,377.31 5,377.31
Other income 295.76 295.76
Total income 5,673.07 5,673.07
2 Expenses
(a) Cost of materials consumed 1,351.66 1,351.66
(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 613.90 613.90
(e) Finance costs 1,399.75 1,399.75
(f) Depreciation, depletion and amortisation expense 1,767.84 1,767.84
(f) Other Expenses
1 Other Expenses 383.88 383.88
Total other expenses 383.88 383.88
Total expenses 5,517.03 5,517.03
3 Total profit before exceptional items and tax 156.04 156.04
4 Exceptional items 0.00 0.00
5 Total profit before tax 156.04 156.04
6 Tax expense
7 Current tax 39.95 39.95
8 Deferred tax (32.74) (32.74)
9 Total tax expenses 7.21 7.21
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 148.83 148.83
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 1.60 1.60
16 Total profit (loss) for period 150.43 150.43
17 Other comprehensive income net of taxes (2.69) (2.69)
18 Total Comprehensive Income for the period 147.74 147.74
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 148.22 148.22
Total profit or loss, attributable to non-controlling interests 2.21 2.21
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 145.54 145.54
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2.20 2.20
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 0.16 0.16
Diluted earnings (loss) per share from continuing operations 0.16 0.16
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 0.16 0.16
Diluted earnings (loss) per share from continuing and discontinued operations 0.16 0.16
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 Consolidated Financial Results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Holding 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. 2 The Unaudited Consolidated Financial Results includes financial results of the following entities: Sr. No. Type of Holding Name 1 Subsidiary Neddle and Thread Designs LLP 2 Subsidiary Saasjoy Solutions Private Limited 3 Associate Janak Urja Private Limited 4 Associate Finclave Accel LLP 5 Associate Swadesh Venture Fund LLP 6 Associate Eezily Networks Private Limited 3 The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 are prepared in accordance with principles and procedures as set out in the Ind AS 110 Consolidated Financial Statements prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 4 The Group operates in a single segment and in line with Ind AS - 108 - “Operating Segments”, the operation of the group fall under “Renting and provision of Co-working spaces” business which is considered to be the only reportable business segment. 5 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. 6 The Holding 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 Holding 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 deposit from monitoring account. 7 During the quarter ended June 30, 2026, the Holding 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 Holding 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 Holding 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 Holding 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. 8 The Holding 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 Holding 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. 9 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 Consolidated Consolidated
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 Consolidated Consolidated
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 3.68 3.68
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 (0.99) (0.99)
5 Total Other comprehensive income (2.69) (2.69)