Announced Tue, 16 Jun · 13:56 IST
Board approves warrants & equity allotments; appoints auditors
Management Changes View source PDF
DEVX · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹36.37
prior close
₹36.75
base price
In-mkt
timing
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AI summary
Dev Accelerator's board allotted 33.33 lakh convertible warrants to 3 promoters at Rs 45 each (~Rs 15 Cr total) and 44.44 lakh equity shares to Infibeam Projects Management (non-promoter) at Rs 45 each (~Rs 20 Cr total). Paid-up capital rose from Rs 18.04 Cr to Rs 18.93 Cr. Grant Thornton Bharat LLP appointed as Internal Auditor for FY26-27; M/s Murtuza Mandorwala & Associates appointed as Secretarial Auditor for 5 years (2026-31), subject to shareholder approval.
Likely market impact
Fund raise of ~Rs 35 Cr strengthens capital base; ~4.7% dilution from non-promoter allotment. Auditor appointments are routine.