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Dev Accelerator Limited has issued a corrigendum to its postal ballot notice dated March 24, 2026, following clarifications requested by stock exchanges regarding the company's proposed preferential issuance of convertible warrants and equity shares. The corrigendum was filed on April 21, 2026, and addresses specific valuation report requirements for the preferential issue.
Stock Exchange Clarifications
The National Stock Exchange of India Limited and BSE Limited requested certain clarifications on April 17, 2026, regarding the proposed preferential issue detailed in the original postal ballot notice. The company had filed applications for in-principle approval for the issuance of up to 33,33,330 equity shares pursuant to conversion of warrants and up to 44,44,440 fully paid-up equity shares on a preferential basis.
Proposed Issuance Details: Specifications Convertible Warrants: Up to 33,33,330 equity shares Direct Equity Shares: Up to 44,44,440 shares Share Value: ₹2 each Issuance Type: Preferential basis
Valuation Report Updates
The corrigendum specifically addresses amendments to Item No. 1 and Item No. 2 of the explanatory statement, focusing on the basis for pricing of the proposed issuance. According to Article 16(1)(c) of the company's Articles of Association, shares offered to any persons through special resolution require pricing determined by a registered valuer's report.
Valuation Details: Information Valuer Name: Mr. Rishit Jain Registration Number: IBBI/RV/06/2019/11822 Report Date: April 21, 2026 Compliance: SEBI ICDR Regulations & Companies Act, 2013
Document Availability and Compliance
The revised valuation report and updated practicing company secretary's certificate from M/s. Murtuza Mandorwala & Associates are now available on the company website. The corrigendum was filed in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Filing Details: Information BSE Script Code: 544513 NSE Trading Symbol: DEVX Website: https://www.devx.work/investor-relations Filed By: Anjan Trivedi, Company Secretary
Previous Postal Ballot Results
The company had successfully concluded its postal ballot process with shareholders overwhelmingly approving both special resolutions. The voting results showed 99.98% approval for convertible warrants issuance and 99.995% approval for equity shares issuance, with significant participation from the shareholder base of 20,212 members as of the March 20, 2026 record date.
Dev Accelerator Limited has announced the resignation of a key senior management personnel, marking a significant leadership transition for the technology company.
Resignation Details
Ms. Monika Handa, Vice President – Operations and Facility, has tendered her resignation from Dev Accelerator Limited. The resignation was formally submitted through a letter dated April 11, 2026, and subsequently accepted by the company management on April 16, 2026.
Parameter: Details Position: Vice President – Operations and Facility Resignation Date: April 11, 2026 Acceptance Date: April 16, 2026 Last Working Day: April 30, 2026 Reason: To pursue new challenges and opportunities
Regulatory Compliance
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all necessary disclosure requirements under the SEBI Listing Regulations, including submission of the resignation letter and required details to both BSE Limited and National Stock Exchange of India Limited.
Leadership Transition
In her resignation letter, Ms. Handa stated that the decision was made after careful consideration to pursue opportunities more closely aligned with her long-term career goals and aspirations. She expressed gratitude for the trust placed in her and acknowledged the platform provided to drive impact at scale during her tenure at Dev Accelerator Limited.
Ms. Handa emphasized her commitment to ensuring a smooth and structured transition of responsibilities before her departure. She highlighted the significant experiences, challenges, and achievements during her journey with the company, noting they will remain an important part of her professional path.
Company Information
Dev Accelerator Limited, formerly known as Dev Accelerator Private Limited, is headquartered in Ahmedabad, Gujarat. The company trades on BSE with script code 544513 and on NSE with trading symbol DEVX. Additional information regarding this announcement is available on the company's investor relations website.
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