‘There is decent investor demand’: OnEMI’s Chairman
27 Apr 2026
Dev Accelerator Limited has successfully concluded its postal ballot process with shareholders approving both special resolutions for the issuance of convertible warrants and equity shares on a preferential basis. The voting results, announced on April 23, 2026, showed overwhelming support from shareholders with 99.98% approval for convertible warrants issuance and 99.995% approval for equity shares issuance. The scrutinizer's report was submitted by Murtuza Mandorwala, Practicing Company Secretary, confirming compliance with Section 108 and 109 of the Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations.
Voting Results Summary
The postal ballot process was conducted through remote e-voting from March 25, 2026 to April 23, 2026, with the record date fixed as March 20, 2026. A total of 20,212 shareholders were eligible to vote, with significant participation across all categories.
Resolution Votes in Favor Votes Against Approval Percentage Convertible Warrants 1,70,59,100 2,680 99.98% Equity Shares 3,56,56,805 1,622 99.995%
Category-wise Voting Breakdown
The voting participation was distributed across promoter group, public institutions, and public non-institutions. For the convertible warrants resolution, public non-institutions cast 1,62,39,420 votes in favor against 2,680 votes against, while public institutions voted 8,19,680 shares entirely in favor. Promoters did not participate in voting on this resolution as they are interested parties.
Category Shares Held Votes Polled Votes in Favor Votes Against Promoter Group 3,32,01,850 0 0 0 Public Institutions 57,73,111 8,19,680 8,19,680 0 Public Non-Institutions 5,12,12,554 1,62,42,100 1,62,39,420 2,680
Background and Previous Corrigendum
The company had initially issued a postal ballot notice on March 24, 2026, followed by a corrigendum on April 21, 2026, addressing clarifications requested by stock exchanges regarding valuation report requirements. The corrigendum specifically amended Item No. 1 and Item No. 2 of the explanatory statement, focusing on pricing basis determined by registered valuer Mr. Rishit Jain (IBBI/RV/06/2019/11822) in compliance with SEBI ICDR Regulations and Companies Act, 2013.
Key Details
Particulars Details BSE Script Code 544513 NSE Trading Symbol DEVX ISIN INE0VOV01021 Proposed Warrants Up to 33,33,330 equity shares Proposed Equity Shares Up to 44,44,440 shares Share Value ₹2 each Scrutinizer Murtuza Mandorwala & Associates
The scrutinizer's report and detailed voting results are available on the company's website at https://www.devx.work/investor-relations . The filing was made in compliance with Regulation 30 and 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
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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