Dev Accelerator MD, chairman, board of directors and AGM
NSE: DEVXBSE: 544513Commercial Services & SuppliesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹41.96.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹379 Cr2,057th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 37.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 2.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 12 Aug 2026
- 5.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 15.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.78
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,02,71290.3% delivered
Dev Accelerator board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonShah Parth Naimeshbhai
- Company Secretary and Compliance OfficerAnjan Trivedi
10 directors5 independent3 executive2 non-executive
- Shah Parth Naimeshbhai · ChairpersonExecutive · joined Aug 2020 · 1 listed board · 1 committee seat
- Uttamchandani Umesh SatishkumarExecutive · joined Aug 2020 · 1 listed board · 1 committee seat
- Rushit Shardulkumar ShahExecutive · joined Aug 2020 · 1 listed board
- Jaimin Jagdishbhai ShahNominee, non-executive · joined Aug 2020 · 4 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Shah Yash HimanshuNon-executive · joined May 2024 · 1 listed board · 1 committee seat, 1 as chair
- Trivedi GopiIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Praveen KumarIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Pathik Shailesh PatwariIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- Anish Alerk PatelIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Anand Anilbhai PatelIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 16 Jun 202610 of 10 present5 independent · 27 days in between
- 19 May 202610 of 10 present5 independent · 55 days in between
- 24 Mar 202610 of 10 present5 independent · 51 days in between
- 31 Jan 202610 of 10 present5 independent
Audit Committee
Chair Praveen Kumar
Anand Anilbhai Patel, Uttamchandani Umesh Satishkumar, Trivedi Gopi
- 16 Jun 20264 of 4 present3 independent · 27 days in between
- 19 May 20264 of 4 present3 independent · 65 days in between
- 14 Mar 20264 of 4 present3 independent · 41 days in between
- 31 Jan 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Anish Alerk Patel
Pathik Shailesh Patwari, Shah Yash Himanshu
- 14 Mar 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Shah Yash Himanshu
Shah Parth Naimeshbhai, Anish Alerk Patel
- 14 Mar 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Nisarg J. Shah & Co.Peer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Dev Accelerator AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Dev Accelerator share news and announcements
Annual general meeting, 25 Sep 2026
18,596 shareholders on the register on 18 Sep 2026; present: 2 promoters and 48 others; votes counted by Murtuza Mandor / Murtuza Mandorwala & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a. The Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.10% · promoters 100.00% · institutions 11.81% · other public 27.03%
- To appoint a director in place of Mr. Yash Himanshu Shah (DIN: 06698067), who retires by rotation and, being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
- To re- appoint Mr. Jaimin Jagdishbhai Shah (DIN: 00021880) as a Nominee Director of the Company on behalf of Dev Information Technology Limited.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 36.25% · promoters 56.01% · institutions 0.00% · other public 27.03%
- Appointment of M/s Murtuza Mandorwala and Associates, Practicing Company Secretary as the Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
- To alter the Object Clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
- To alter the Articles of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
- To approve Loans, Guarantees, or Security under Section 185 of the Companies Act, 2013SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 45.14% · promoters 81.33% · institutions 0.00% · other public 27.03%
- Ratification of the Pre-IPO ESOP Scheme 'Dev Accelerator Limited Employee Stock Option Plan – 2023’Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
- To approve the proposed modifications in the Dev Accelerator Limited Employee Stock Option Plan – 2023Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
To approve extension of benefits of the amended Dev Accelerator Limited Employee Stock Option Plan – 2023 to the eligible employees of the company’s group companies including subsidiary companies and associate companiesMoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.69% · promoters 100.00% · institutions 0.00% · other public 27.03%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 23 Apr 2026, 2 resolutions
20,212 shareholders on the register on 20 Mar 2026; votes counted by Murtuza Mandor / Murtuza Mandorwala & Associates.The company's voting result (opens in a new tab)
- ISSUANCE OF CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS TO THE PROMOTERS OF THE COMPANYSpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 18.92% · promoters 0.00% · institutions 14.20% · other public 31.72%
- ISSUANCE OF EQUITY SHARES ON A PREFERENTIAL BASISSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 39.54% · promoters 56.01% · institutions 14.20% · other public 31.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Public IssuesSep 2025, checked by Infomerics Valuation and Rating Limited | 143.35 | Capital expenditure for fit-outs in the Proposed Centers | 73.12 | 44.38 | No | Audit committee: The Company has raised funds from the fresh issue amounting to 14335 Lakhs. The total issue expenses in relation to the Issue is 1597.10 Lakhs, resulting in net proceeds of 12,737.90 Lakhs. |
| Public IssuesSep 2025, checked by Infomerics Valuation and Rating Limited | 143.35 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of non-convertible debentures | 35.00 | 35.00 | No | Audit committee: The Company has raised funds from the fresh issue amounting to 14335 Lakhs. The total issue expenses in relation to the Issue is 1597.10 Lakhs, resulting in net proceeds of 12,737.90 Lakhs. |
| Public IssuesSep 2025, checked by Infomerics Valuation and Rating Limited | 143.35 | General corporate purposes | 19.26 | 19.26 | No | Audit committee: The Company has raised funds from the fresh issue amounting to 14335 Lakhs. The total issue expenses in relation to the Issue is 1597.10 Lakhs, resulting in net proceeds of 12,737.90 Lakhs. |
| Preferential IssuesJun 2026, checked by Infomerics Valuation and Rating Limited | 35.00 | Interest Free Refundable Security Deposit | 35.00 | 23.75 | No | Audit committee: The Company has raised funds through issue of 44,44,440 Equity shares and 33,33,330 Convertible warrants through Preferential Issue. The Company has received full amounts towards equity shares and 25% of warrants subscription price.MoreLess |