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Dev Accelerator Limited — Declaration of Voting Results & Voting Rights Announcements 2026
Apr 23, 2026
60155_rns_2026-04-23_062095e2-55e0-4bf0-9608-a1cc896741bb.pdf
Declaration of Voting Results & Voting Rights Announcements
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Dev Accelerator Limited
(Formerly known as Dev Accelerator Private Limited)
C-01, The First Commercial Complex, B/h Keshavbaug Party Plot,
Nr. Shivalik High-street, Vastrapur, Ahmedabad- 380015, Gujarat
☎ +9174348 83388 | ✉ [email protected]
CIN: L74999GJ2020PLC115984
DEVX
accelerating innovation
April 23, 2026
| To,
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai 400 001 | To
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G Block,
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051 |
| --- | --- |
| Script Code: 544513 | Trading Symbol: DEVX |
Dear Sir/ Madam,
Sub: Intimation of the Scrutinizer report pursuant to Regulation 30 & 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
In furtherance to our communication dated March 24, 2026 and April 21, 2026, regarding Postal Ballot Notice and corrigendum to Postal Ballot Notice, respectively, seeking the approval of the members of Dev Accelerator Limited (“the Company”), we would like to inform that members of the Company have duly passed the special resolution(s) for the items as set out in the Postal Ballot Notice approving the following:
- Issuance of Convertible Warrants on a Preferential Basis to the Promoters of the Company
- Issuance of Equity Shares on a Preferential Basis
Further, please find enclosed the scrutinizer report and details of the voting results pursuant to Regulation 44 of the SEBI Listing Regulations.
The voting results along with the scrutinizer's report are available on the website of the Company at https://www.devx.work/investor-relations
We request you to kindly take the same on record.
Thanking you
Yours faithfully,
For Dev Accelerator Limited
(Formerly Known as Dev Accelerator Private Limited)
ANJAN PARESHKUMAR
TRIVEDI
Anjan Trivedi
Company Secretary & Compliance Officer
Encl: As above
Startup Accelerator Program
Collaborative Work Space
Corporate Innovation Partnerships
University Collaboration
www.devx.work
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
Scrutinizer's Report
[Pursuant to Section 108 and 109 of the Companies Act, 2013 and Rule 20(4) (xii) and Rule 22 of Companies (Management and Administration) Rules, 2014]
To,
The Chairman,
DEV ACCELERATOR LIMITED
(CIN NO: L74999GJ2020PLC115984)
Regi off: C-01, The First Commercial Complex,
B/s Keshavbaug Party Plot, Vastrapur, Ahmedabad - 380015,
Gujarat, India.
SUB: Scrutinizer's Report on Resolutions proposed through Postal Ballot including voting by Electronic Means in respect of the resolutions (businesses) contained in the Postal Ballot Notice dated 24th March, 2026
Dear Sir,
- I, Murtuza Kaizar Mandorwala, Practicing Company Secretary, having office at B-503, Sivanta One, Near. V.S Hospital, Pritam Char Rasta, Ellisbridge, Paldi - 380006, Ahmedabad, have been appointed as a scrutinizer by the Board of Directors of Dev Accelerator Limited for the purpose of scrutinizing the e-voting process and ascertaining the requisite majority on remote e-voting process carried out as per 108 and 110 of the Companies Act, 2013 read with Rule 20(4)(xii) and Rule 22 of the Companies (Management and Administration) Rules, 2014 (Rules) on the resolutions contained in the Postal Ballot Notice as detailed below:
| No | Type of Resolution | Particulars |
|---|---|---|
| 1. | Special Resolution | Issuance of Convertible Warrants on a Preferential Basis to the Promoters of the Company |
| 2. | Special Resolution | Issuance of Equity Shares on a Preferential Basis |
- For the above mentioned resolutions, the Company has provided facility for voting by E-Voting to the members. The chairman of the Board has appointed me as the Scrutinizer for the same.
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
A Satisfied Client Is The Best Business Strategy Of Ours
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
-
The Management of the Company is responsible to ensure compliance with the requirements of the relevant provisions of (i) The Companies Act, 2013 and the Rules made thereunder; (ii) The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 and (iii) Secretarial Standard-2 on General Meetings issued by the Institute of Company secretaries of India, relating to voting by electronics means (Remote E-Voting). My responsibilities as a Scrutinizer is restricted to give a Scrutinizer Report on the Votes cast by the members for the resolutions (Businesses) contained in the Postal Ballot Notice dated 24th March, 2026.
-
Further to the above, I submit my reports as under:
(i) In compliance with the requirements under Section 108, 110 and other applicable provisions, if any, of the Companies Act, 2013 ("Act"), Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 ("Rules"), including any statutory amendment(s), modification(s), variation(s) or re-enactment(s) thereto, for the time being in force and in accordance with the guidelines prescribed by the Ministry of Corporate Affairs ("MCA") for holding general meetings / conducting postal ballot through e-voting, vide the General Circular No. 03/2025 dated September 22, 2025 issued by the MCA read together with previous circulars issued by MCA from time to time, Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("SEBI Listing Regulations"), Secretarial Standard on General Meetings ('SS-2') issued by the Institute of Company Secretaries of India and subject to other applicable laws, rules and regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force and as amended from time to time if any, approval of the Members of the Company is sought for the proposals contained in the resolutions forming part of Notice of Postal Ballot. The company has dispatched the postal ballot notice dated 24th March, 2026 to the members of the company, whose name appeared on the register of member/ list of beneficiaries as on cut-off date Friday, 20th March, 2026
(ii) The e-voting period remained open from Wednesday, 25th March, 2026 at 9:00 a.m. (IST) and ended at Thursday, 23rd April, 2026 at 5.00 pm (IST).
(iii) The shareholders holding shares as on the "cut off" date i.e. Friday, 20th March, 2026 were entitled to vote on the proposed resolutions Item No. 1 and Item No. 2 as set out in the Postal Ballot Notice dated 24th March, 2026.
(iv) The votes were unblocked on Thursday, 23 April 2026 around 5:09 P.M in the presence of two witnesses Mr. Gaurang Shelke and Mr. Mayur Nagar who are not in the employment of the Company. They have signed below in confirmation of the votes being unblocked in their presence.
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
[email protected]
+91 6352255699
[email protected]
A Satisfied Client Is The Best Business Strategy Of Ours
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
(v) Thereafter the details containing inter alia, list of Equity Share Holders, who voted "for" / "against" each of the resolutions that were put to vote, were generated from the e-voting website of National Securities Depository Limited, ie. https://www.evoting.nsdl.com.
(vi) The result of the voting by electronic means in respect of resolutions (businesses) contained in Postal Ballot notice dated 24th March, 2026 is as under:
A) RESOLUTION NO. 1 - (SPECIAL RESOLUTION): ISSUANCE OF CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS TO THE PROMOTERS OF THE COMPANY:
i. Voted in favor of the resolution:
| Voting Description | Number of Members who voted | Number of shares for which votes casted. | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 83 | 17059100 | 100% |
| Total | 83 | 17059100 | 100% |
ii. Voted against the resolution:
| Voting Description | Number of Members who voted | Number of shares for which votes casted. | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 14 | 2680 | 100% |
| Total | 14 | 2680 | 100% |
iii. Invalid/Abstain Votes:
| Voting Description | Number of Members who voted | Number of shares for which votes casted | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 5 | 20577652 | 0 |
| Total | 5 | 20577652 | 0 |
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
A Satisfied Client Is The Best Business Strategy Of Ours
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
B) RESOLUTION NO. 2 - (SPECIAL RESOLUTION): ISSUANCE OF EQUITY SHARES ON A PREFERENTIAL BASIS:
iv. Voted in favor of the resolution:
| Voting Description | Number of Members who voted | Number of shares for which votes casted. | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 89 | 35656805 | 100% |
| Total | 89 | 35656805 | 100% |
v. Voted against the resolution:
| Voting Description | Number of Members who voted | Number of shares for which votes casted. | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 12 | 1622 | 100% |
| Total | 12 | 1622 | 100% |
vi. Invalid/Abstain Votes:
| Voting Description | Number of Members who voted | Number of shares for which votes casted. | % of total number of valid votes casted |
|---|---|---|---|
| Ballot paper | 0 | 0 | 0 |
| Remote E- voting | 1 | 1981005 | 0 |
| Total | 1 | 1981005 | 0 |
(vii) The Register, all other papers and relevant records relating to electronic voting shall remain in our safe custody until the Chairman considers, approves and signs the Minutes of the aforesaid General Meeting and the same will be handed over to the Company Secretary for safe keeping.
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
A Satisfied Client Is The Best Business Strategy Of Ours
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
Thanking you,
Yours Faithfully,
For, Murtuza Mandorwala Associates
Practicing Company Secretary
MANDORWALA MURTUZA KAIZARBHAI
CS MURTUZA MANDOR
M. NO. : F10745
C. P. NO : 14284
PLACE : Ahmedabad
DATE : 23rd April, 2026
P. R No : 1615/2021
UDIN : F010745H000188549
& Counter Signed by
SHAH PARTH NAIMESHBHAI
PGRUIN AGRADE DISABILIZATION
PARTH NAIMESHBHAI SHAH
CHAIRMAN AND WHOLE TIME DIRECTOR
DEV ACCELERATOR LIMITED
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
079 3560 6563
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
| General information about company | |
|---|---|
| Scrip code | 544513 |
| NSE Symbol | DEVX |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0VOV01021 |
| Name of the company | Dev Accelerator Limited |
| Type of meeting | Postal Ballot |
| Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot) | 23-04-2026 |
| Start time of the meeting | |
| End time of the meeting |
| Scrutinizer Details | |
|---|---|
| Name of the Scrutinizer | Murtuza Mandor |
| Firms Name | Murtuza Mandorwala & Associates |
| Qualification | CS |
| Membership Number | F10745 |
| Date of Board Meeting in which appointed | 24-03-2026 |
| Date of Issuance of Report to the company | 23-04-2026 |
| Voting results | |
|---|---|
| Record date | 20-03-2026 |
| Total number of shareholders on record date | 20212 |
| No. of shareholders present in the meeting either in person or through proxy | |
| a) Promoters and Promoter group | |
| b) Public | |
| No. of shareholders attended the meeting through video conferencing | |
| a) Promoters and Promoter group | |
| b) Public | |
| No. of resolution passed in the meeting | |
| 2 | |
| Disclosure of notes on voting results |
| Resolution(1) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Special | |||||||
| Whether promoter/promoter group are interested in the agenda/resolution? | Yes | |||||||
| Description of resolution considered | ISSUANCE OF CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS TO THE PROMOTERS OF THE COMPANY | |||||||
| Category | Mode of voting | No. of shares held | No. of votes polled | % of Votes polled on outstanding shares | No. of votes - in favour | No. of votes - against | % of votes in favour on votes polled | % of Votes against on votes polled |
| (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)= [(5)/(2)]*100 | ||
| Promoter and Promoter Group | E-Voting | 33201850 | 0 | 0 | 0 | 0 | 0 | 0 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 33201850 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Public-Institutions | E-Voting | 5773111 | 819680 | 14.1982 | 819680 | 0 | 100 | 0 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 5773111 | 819680 | 14.1982 | 819680 | 0 | 100 | 0 | |
| Public- Non Institutions | E-Voting | 51212554 | 16242100 | 31.7151 | 16239420 | 2680 | 99.9835 | 0.0165 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 51212554 | 16242100 | 31.7151 | 16239420 | 2680 | 99.9835 | 0.0165 | |
| Total | 90187515 | 17061780 | 18.9181 | 17059100 | 2680 | 99.9843 | 0.0157 | |
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | |
|---|---|
| Category | No. of Votes |
| Promoter and Promoter Group | 18596640 |
| Public Insitutions | 0 |
| Public - Non Insitutions | 1981012 |
| Resolution(2) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Special | |||||||
| Whether promoter/promoter group are interested in the agenda/resolution? | No | |||||||
| Description of resolution considered | ISSUANCE OF EQUITY SHARES ON A PREFERENTIAL BASIS | |||||||
| Category | Mode of voting | No. of shares held | No. of votes polled | % of Votes polled on outstanding shares | No. of votes - in favour | No. of votes - against | % of votes in favour on votes polled | % of Votes against on votes polled |
| (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)= [(5)/(2)]*100 | ||
| Promoter and Promoter Group | E-Voting | 33201850 | 18596640 | 56.0109 | 18596640 | 0 | 100 | 0 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 33201850 | 18596640 | 56.0109 | 18596640 | 0 | 100 | 0 | |
| Public-Institutions | E-Voting | 5773111 | 819680 | 14.1982 | 819680 | 0 | 100 | 0 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 5773111 | 819680 | 14.1982 | 819680 | 0 | 100 | 0 | |
| Public- Non Institutions | E-Voting | 51212554 | 16242107 | 31.7151 | 16240485 | 1622 | 99.99 | 0.01 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total | 51212554 | 16242107 | 31.7151 | 16240485 | 1622 | 99.99 | 0.01 | |
| Total | 90187515 | 35658427 | 39.5381 | 35656805 | 1622 | 99.9955 | 0.0045 | |
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | |
|---|---|
| Category | No. of Votes |
| Promoter and Promoter Group | 0 |
| Public Institutions | 0 |
| Public - Non Institutions | 1981005 |