5445132026-04-012026-06-305445132026-04-012026-06-30in-capmkt:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares

544513

DEVX

NOTLISTED

INE0VOV01021

DEV ACCELERATOR LIMITED

Main Board

Equity

2026-04-01

2027-03-31

2026-08-12

2026-08-05

INR

Lakhs

Quarterly

First quarter

Single segment

Developing and licensing fully serviced office spaces, IT/ITES services and payroll management services, design and fitout services and related ancillary services

2026-08-12

16:00:00

2026-08-12

17:30:00

Not applicable

2026-04-01

2026-06-30

Unaudited

Consolidated

537731000

29576000

567307000

135166000

61390000

139975000

176784000

38388000

551703000

15604000

3995000

-3274000

721000

14883000

160000

15043000

-269000

14774000

14822000

221000

14554000

220000

189264000

0.16

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.

Other Expenses

38388000

368000

-99000

-269000