5445132026-04-012026-06-305445132026-06-305445132026-04-012026-06-30in-capmkt:OtherExpenses1Member5445132026-06-30Statement15445132026-04-012026-06-30Statement15445132026-06-30Statement25445132026-04-012026-06-30Statement25445132026-06-30StatementDynamic1I1Statement15445132026-06-30StatementDynamic1I2Statement15445132026-06-30StatementDynamic1I3Statement15445132026-06-30StatementDynamic2I1Statement2iso4217:INRxbrli:pureiso4217:INRxbrli:shares544513DEVXNOTLISTEDINE0VOV01021DEV ACCELERATOR LIMITEDMain BoardEquity2026-04-012027-03-312026-08-122026-08-05INRLakhsQuarterlyFirst quarterSingle segmentDeveloping and licensing fully serviced office spaces, IT/ITES services and payroll management services, design and fitout services and related ancillary services2026-08-1216:00:002026-08-1217:30:00Not applicabletrue2falseNotApplicable2026-04-012026-06-30UnauditedStandalone4198420005069700047053900069941000004377400013718400017637000029048000456317000142220000142220001720000-7539000-5819000020041000000020041000-2120001982900018926400020.220.22000.220.22Notes: <br /> 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. <br /> 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 . <br /> 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. <br /> 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. <br /> 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: <br /> (Rs. in lakhs) <br /> Particulars Amount to be utilised as per prospectus Amount utilised upto June 30, 2026 Amount unutilised as at June 30, 2026 <br /> Capex for fitout in proposed centres 7,311.60 4,437.81 2,873.79 <br /> Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 - <br /> General Corporate Purposes 1,926.30 1,926.30 - <br /> TOTAL 12,737.90 9,864.11 2,873.79 <br /> <br /> 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. <br /> 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: <br /> <br /> (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. <br /> (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. <br /> 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. <br /> 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. <br /> 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. <br /> 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." <br /> 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. <br /> Other Expenses29048000283000-71000-212000Public Issues2025-09-1514335000002026-06-30trueInfomerics 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 DirectorAhmedabad2026-08-12Preferential Issues2026-06-163499990002026-06-30trueInfomerics Valuation and Rating LimitedfalseThe 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.Capital expenditure for fit-outs in the Proposed CentersNot Applicable73116000004437810000Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debenturesNot Applicable35000000003500000000General corporate purposesNot Applicable19263000001926300000Interest Free Refundable Security DepositNot Applicable34999000002374990000