Dev Accelerator Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2026 for Issuance of Non Convertible Debentures on Private Placement basis
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Dev Accelerator Limited reported strong audited financial results for FY26 ended March 2026. Consolidated revenue grew 48.4% to Rs. 2,359.2 crore from Rs. 1,588.7 crore in FY25. Profit after tax (attributable to owners) surged over 400% to Rs. 8.8 crore from Rs. 1.75 crore, driven by higher co-working revenue and improved operational efficiency. The company completed its IPO in September 2025 raising Rs. 127.38 crore (net); Rs. 92.62 crore utilized as of March 2026. The Board also approved issuance of up to 1 lakh Senior Secured Listed Redeemable NCDs aggregating Rs. 100 crore on private placement basis. Auditors issued unmodified opinion with no going concern or qualification issues. Exceptional items of Rs. 1.14 crore were recorded due to closure of one centre and lease modifications.
The company demonstrates robust financial growth with nearly 50% revenue increase and multi-fold PAT growth, indicating strong operational performance post-IPO. The NCD issuance will help refinance existing debt and support expansion plans, potentially positive for equity holders.