Dev Accelerator Limited has informed the Exchange regarding Corrigendum to the Postal Ballot Notice dated March 24, 2026.
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Dev Accelerator Limited (DEVX) has issued a corrigendum to its March 24, 2026 Postal Ballot Notice regarding a proposed preferential share issuance. The Stock Exchanges (NSE and BSE) had requested clarifications on April 17, 2026, prompting this correction. The company is proposing to issue up to 33,33,330 equity shares (Rs. 2 each) through warrant conversion and up to 44,44,440 fully paid-up equity shares on a preferential basis. The corrigendum specifically addresses the pricing justification by incorporating a revised valuation report dated April 21, 2026, prepared by registered valuer Mr. Rishit Jain. A revised Practicing Company Secretary's Certificate from M/s. Murtuza Mandorwala & Associates has also been uploaded to the company's website.
This preferential share issuance will result in dilution of existing shareholders' stakes. The revised valuation report ensures regulatory compliance for the pricing of new shares. Shareholders should carefully review the corrigendum before exercising their voting rights on the postal ballot.