Dev Accelerator Limited has informed the Exchange regarding a press release dated April 13, 2026, titled "DevX Locks in ₹ 110 Crore Enterprise Deal, Signals Institutional Shift to Managed Workspaces".
DEVX · price
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Dev Accelerator Limited (DevX) has signed a 9-year managed workspace agreement worth around ₹110 crore with Manubhai and Shah LLP, covering roughly 1,00,000 sq. ft. at its Capital One campus in Ahmedabad. The deal includes over 1,000 seats in Phase 1 out of a 2,000-seat capacity, and the company calls it one of the largest enterprise-led flexible workspace deals in a Tier-II city. The same campus already houses tenants from IT, healthcare and other sectors, including Openxcell, Tatvic, Aqkode, Advanced Clinical, Patel Greentech, Walter P Moore, and Ignosi. DevX currently runs 28 centres across India with 14,000+ seats and 8.6 lakh sq. ft. under management, and says the long-tenure deal strengthens recurring revenue visibility.
Positive for the stock in the near term – the deal locks in long-duration, annuity-style revenue and supports the company's growth story in non-metro cities, though execution and renewal risk over the 9-year period remain key things to watch.