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ACCELERATOR LIMITEDMain BoardEquity2025-04-012026-03-312026-05-192026-05-12INRLakhsQuarterlyFourth quarterSingle segmentDeveloping and licensing fully serviced office spaces, IT/ITES services and payroll management services, design and fitout services and related ancillary services2026-05-1916:30:002026-05-1917:30:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-05-19https://www.devx.work/true1falseNot Applicable2026-01-012026-03-31AuditedStandalone4695500003933700050888700013774100000309000001026670001459960002377100044107500067812000-11457000563550001700600021624000386300000177250000000177250001930001791800018037500020.230.23000.230.231 The above Audited 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 May 19, 2026. The audit 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. <BR> 2 The Audited 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 . <BR> 3 The company 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. <BR> 4 The figures in respect of results for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures of the third quarter of the respective financial year which were subject to limited review by Auditors. <BR> 5 The Government of India has notified the implementation of the four new Labour Codes, consolidating and rationalising 29 existing labour laws, with effect from November 21, 2025. <BR> Pursuant to the said implementation, the Company has restructured and realigned its wage structure, including modification and redistribution of various wage components, to align with the provisions of the new Labour Codes. <BR> The Company continues to monitor the finalization of Central and State Rules and further clarifications from the Government on various aspects of the Labour Codes. Appropriate accounting impact, if any, arising from such developments shall be recognised as and when required. <BR> 6 During the year ended March 31, 2026, the Company ceased operations at one of its centres and recognised the impact arising from modification/termination of lease arrangements relating to the said property. The Company also recognised related incidental expenses in the standalone statement of profit and loss. The net impact has been disclosed separately as an exceptional item in the financial results. <BR> 7 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. 12,738.00 lakhs (net off Issue expenses of Rs. 1597.00 lakhs in relation to fresh issue of shares) is summarised below: <BR> (Rs. in lakhs) <BR> Particulars Amount to be utilised as per prospectus Amount utilised upto March 31, 2026 Amount unutilised as at March 31, 2026 <BR> Capex for fitout in proposed centres 7,312.00 3,836.00 3,476.00 <BR> Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 - <BR> General Corporate Purposes 1,926.00 1,926.00 - <BR> TOTAL 12,738.00 9,262.00 3,476.00 <BR> <BR> * The IPO proceeds which were unutilised as on March 31, 2026 are parked in Public Monitoring account, Public issue account and fixed deposit from monitoring account. <BR> 8 The Board of Directors of the Company at its meeting held on March 24, 2026, has approved the allotment of 77,77,770 Convertible warrants convertible into 77,77,770 Equity Shares having face value of Rs. 2/- each, at a price of Rs. 45, aggregating to Rs. 3,500 Lakhs by way of a preferential allotment on a private placement basis to Mr. Shah Parth Naimeshbhai, Mr. Uttamchandani Umesh Satishkumar and Mr. Rushit Shardulkumar Shah, Promoters of the Company, and Infibeam Projects Management Private Limited, a Non-Promoter Entity subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the ensuing ExtraOrdinary General Meeting to be held at a later date. <BR> 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. <BR> 2025-04-012026-03-31AuditedStandalone1709111000946800001803791000303115000001078380004400370005877980002635180001702306000101485000180900010329400020379000565370007691600002637800000002637800066200027040000180375000215755870000.340.34000.340.34Other Expenses23771000Other Expenses263518000645428000697837000192252600003336400029630000048630400002621000396902000885827000849600002847410004557646000028600018773400020794700034199900047756800066100001222144000137251000215698000157509300061327390002161500001575587000179173700017917370008109450000002216666000302761100000030276110005597250009681200015645500025326700047280500012857970002587500017190000013133910000043410020006132739000Other financial assets396902000Other non-current assets284741000Other financial assets6610000Other current assets215698000Lease Liabilities1792022000Other financial liabilities420966000Provisions3678000Lease Liabilities464897000Other financial liabilities7908000Other current liabilities2587500043926400001200840000118250000-125267000-10101600000202870000-4528900005877980000-556500011780000-33205000-25000077938000023960000-52070000-17989000258000009035560001006850000000-17750000100862500000000000528380001030988000142600000341268000000000000009769800000001341500000-1261101000001219038000000001040100000943651000670767000019938000000445340000192864000019286400015082000207946000Items that will not be reclassified to profit or loss257000257000Items that will not be reclassified to profit or loss8840008840006400022200000193000662000Dev Accelerator Limited******Finex Accounting Services Private Limited******A Company in which relative of Chairman and Whole Time Director is a DirectorSale of goods or services30000000Nil110300000Dev Accelerator Limited******Rivet Global Services LLP******A LLP in which relative of Managing Director is a Designated PartnerSale of goods or services50000000Nil234600000Dev Accelerator Limited******Swadesh Venture Fund LLP******Associate CompanySale of goods or services50000000Nil540001410000Dev Accelerator Limited******Neddle & Thread Designs LLP******SubsidiarySale of goods or services90000000Nil220460004926000027885000Dev Accelerator Limited******Saasjoy Solutions Private Limited******Wholly Owned SubsidiarySale of goods or services90000000Nil766600016610004786000Dev Accelerator Limited******Dhyey Consulting Services Private Limited******A Company in which director of the Company is a directorSale of goods or services30000000Nil243000900023000Dev Accelerator Limited******Dev Information Technology Limited******Promoter CompanyPurchase of goods or services30000000Nil730000693000207000Dev Accelerator Limited******Umesh Satishkumar Uttamchandani******Managing DirectorRemuneration10000000Nil165000000Dev Accelerator Limited******Parth Naimeshbhai Shah******Chairman and Whole Time DirectorRemuneration10000000Nil165000000Dev Accelerator Limited******Rushit Shradulkumar Shah******Whole Time DirectorRemuneration10000000Nil165000000Dev Accelerator Limited******Neha Uttamchandani******Promoter GroupRemuneration10000000Nil87500000Dev Accelerator Limited******Naimesh Chandrakant Shah******Promoter GroupRemuneration10000000Nil87500000Dev Accelerator Limited******Nisha S Shah******Promoter GroupRemuneration10000000Nil87500000Dev Accelerator Limited******Parulben Naimesh Shah******Promoter GroupRemuneration10000000Nil87500000Dev Accelerator Limited******Saasjoy Solutions Private Limited******Wholly Owned SubsidiaryLoan90000000NIl124520007104000806000Loan0.115UnsecuredBusiness ActivitiesDev Accelerator Limited******Janak Urja Private Limited******Associate CompanyLoan140000000Nil4789400028518900033083000Loan0.115UnsecuredBusiness ActivitiesDev Accelerator Limited******Saasjoy Solutions Private Limited******Wholly Owned SubsidiaryInterest received90000000Nil370000542000849000Dev Accelerator Limited******Scaleax Advisory Private Limited******Associate CompanyInterest received90000000Nil6200037000116000The Company has transferred 38% of its equity investment in Scaleax Advisory Private Limited on February 18, 2026. Thus, Scaleax Advisory Private Limited has ceased to be an associate company. Dev Accelerator Limited******Saasjoy Solutions Private Limited******Wholly Owned SubsidiaryPurchase of goods or services90000000Nil419400011990000Dev Accelerator Limited******Janak Urja Private Limited******Associate CompanyInterest received140000000Nil210810003490200052868000The Audit Committee at its meeting held on January 31, 2026 has considered and approved revision of omnibus limit for related party transaction with Janak Urja Private Limited from Rs. 900 Lakhs to Rs. 1400 Lakhs for Finanacial year 2025-2026.Dev Accelerator Limited******Neddle & Thread Designs LLP******SubsidiaryPurchase of goods or services90000000Nil793100008566000Dev Accelerator Limited******Neddle & Thread Designs LLP******SubsidiaryAny other transactionCommission Received90000000Nil1140000114000Dev Accelerator Limited******Eezily Network Private Limited******Associate CompanySale of goods or services50000000Nil180000002040000The Audit Committee at its meeting held on January 31, 2026 has granted omnibus limit for related party transaction with Eezily Network Private Limited foramounting of Rs. 500 Lakhs for Finanacial year 2025-2026.Dev Accelerator Limited******Eezily Network Private Limited******Associate CompanyLoan50000000Nil59650002026-01-3116950000016950000Loan0.115UnsecuredBusiness ActivitiesThe Audit Committee at its meeting held on January 31, 2026 has granted omnibus limit for related party transaction with Eezily Network Private Limited foramounting of Rs. 500 Lakhs for Finanacial year 2025-2026.Dev Accelerator Limited******Eezily Network Private Limited******Associate CompanyInterest received50000000Nil2860000286000The Audit Committee at its meeting held on January 31, 2026 has granted omnibus limit for related party transaction with Eezily Network Private Limited foramounting of Rs. 500 Lakhs for Finanacial year 2025-2026.Saasjoy Solutions Private Limited******Dev Accelerator Limited******Parent CompanyAny other transactionRepayment of Loan90000000Nil225460007103000806000Dev Accelerator Limited******Umesh Satishkumar Uttamchandani******Managing DirectorAny other transactionBorrowings90000000Nil02373500020598000Dev Accelerator Limited******Parth Naimeshbhai Shah******Chairman and Whole Time DirectorAny other transactionBorrowings90000000Nil087010006810000Dev Accelerator Limited******Rushit Shradulkumar Shah******Whole Time DirectorAny other transactionBorrowings90000000Nil097450007627000Dev Accelerator Limited******Neddle & Thread Designs LLP******SubsidiaryAny other transactionCorporate gaurantee Given90000000Nil4900000000Dev Accelerator Limited******Neddle & Thread Designs LLP******SubsidiaryAny other transactionSecurity Provided90000000Nil500000000232318000AuditedtrueM/s. Nisarg J. Shah & Co.true2027-05-31Public Issues2025-09-1514335000002026-03-31trueInfomerics Valuation and Rating LimitedfalseThe 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.Umesh UttamchandaniManaging DirectorAhmedabad2026-05-19Capital expenditure for fit-outs in the Proposed CentersNot Applicable73116000003836000000Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debenturesNot Applicable35000000003500000000General corporate purposesNot Applicable19263000001926000000