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

Revenue Growth 20pctPat Growth 25pctExceptional ItemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹40.32

prior close

₹42.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.4% vs market

Diversified Commercial Services peers, median of 72sector+0.3%-1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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AI summary

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.

Likely market impact

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.