Dev Accelerator Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DEVX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Accelerator Limited has successfully passed two special resolutions through postal ballot voting. First, the issuance of Convertible Warrants on a Preferential Basis to the Promoters was approved with 100% of valid votes in favor (17.06 million shares). Second, the issuance of Equity Shares on a Preferential Basis was also approved with 100% of valid votes in favor (35.66 million shares). The voting took place from March 25 to April 23, 2026, with nearly 40% of total shares voted. Notably, promoters did not vote on the warrants resolution as they were interested parties, but participated in the equity shares resolution.
Shareholders should note significant dilution may occur as both warrants and equity shares are issued on preferential basis to promoters and others. This increases share count and may dilute existing shareholders' stakes. The warrants, once converted, will further increase equity capital.