Announced Fri, 6 Nov, 2026 · 17:55 IST
Dev Accelerator plans 97,075 sq. ft. of capacity expansion
DEVX · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The company signed leases to add 13,075 sq. ft. in Kochi by February or March 2027 and 84,000 sq. ft. in Ahmedabad by November 2026. Each expansion requires up to Rs. 3 crore, financed through internal accruals or debt. Existing capacity is 1.16 million sq. ft. with 91% utilization as of September 2026.
Likely market impact
The expansion may support business growth and revenue, but up to Rs. 6 crore of investment could increase debt or reduce cash reserves.