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Dev Accelerator Limited Regulatory Filings 2026
60155_rns_2026-05-27_1e71edd8-bd92-412e-8cce-7c576a92f1ae.pdf
Regulatory Filings
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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
May 27, 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: Annual Secretarial Compliance Report
Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, from M/s Murtuza Mandorwala & Associates.
Kindly take the same on your 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
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
SECRETARIAL COMPLIANCE REPORT
OF
DEV ACCELERATOR LIMITED
FOR THE FINANCIAL YEAR ENDED 31st MARCH, 2026
[Pursuant to Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015]
I, Murtuza Kaizarbhai Mandorwala, Proprietor of Murtuza Mandorwala & Associates, Practicing Company Secretaries, have examined:
(a) All the documents and records made available to us and the explanation provided by DEV ACCELERATOR LIMITED CIN L74999GJ2020PLC115984 and having registered office at C-01, The First Commercial Complex, B/s Keshavbaug Party Plot, Vastrapur, Ahmedabad, Ahmedabad, Gujarat, India, 380015 hereinafter referred to as “the listed entity”
(b) the filings/ submissions made by the listed entity to the Stock Exchanges,
(c) website of the listed entity,
(d) any other document/ filing, as may be relevant, which has been relied upon to make this certification, for the year ended 31st March, 2026 (“Review Period”) in respect of compliance with the provisions of:
a. the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) and the Regulations, circulars, guidelines issued thereunder; and
b. the Securities Contracts (Regulation) Act, 1956 (“SCRA”), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India (“SEBI”);
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
[email protected]
[email protected]
A Satisfied Client Is The Best Business Strategy Of Ours
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
The specific Regulations, whose provisions and the circulars/ guidelines issued thereunder, have been examined, include: -
(a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
(b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
(c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; Not applicable to the Company during the Reporting Period
(e) Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; -
(f) Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; Not applicable to the Company during the Reporting Period
(g) Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021; Not applicable to the Company during the Reporting Period
(h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
(i) SEBI (Depositories and Participants) Regulations, 2018;
and circulars/ guidelines issued thereunder;
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
[email protected]
[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)
I/We hereby report that, during the Review Period the compliance status of the listed entity is appended as below:
| Sr No | Particulars | Compliance Status (Yes/No/NA) | Observations /Remarks by PCS* |
|---|---|---|---|
| 1. | Secretarial Standards: | ||
| The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI), as notified by the Central Government under section 118(10) of the Companies Act, 2013 and mandatorily applicable. | Yes | Complied | |
| 2. | Adoption and timely Updation of the Policies: | ||
| • All applicable policies under SEBI Regulations are adopted with the approval of board of directors of the listed entities | |||
| • All the policies are in conformity with SEBI Regulations and have been reviewed & updated on time, as per the regulations/circulars/guidelines issued by SEBI | Yes | Complied | |
| 3. | Maintenance and disclosures on Website: | ||
| • The Listed entity is maintaining a functional website | |||
| • Timely dissemination of the documents/information under a separate section on the website | Yes | Complied |
B-503, Sivanta One, Pritamnagar Cross Road, 079 3560 6563 [email protected]
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006 +91 6352255699 [email protected]
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
lMA
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
| • Web-links provided in annual corporate governance reports under Regulation 27(2) are accurate and specific which re- directs to the relevant document(s)/section of the website | |||
|---|---|---|---|
| 4. | Disqualification of Director: | ||
| None of the Director(s) of the Company is/ are disqualified under Section 164 of Companies Act, 2013 as confirmed by the listed entity. | Yes | Complied | |
| 5. | Details related to Subsidiaries of listed entities have been examined w.r.t.: | ||
| a) Identification of material subsidiary companies | |||
| b) Disclosure requirement of material as well as other subsidiaries | Yes | Company has Two subsidiary i.e | |
| 1. Saasjoy Solutions Private Limited | |||
| 2. Neddle and Thread Designs LLP | |||
| During the financial year under review Nedlle and Thread Designs LLP was Material Subsidiary of the listed entity. | |||
| 6. | Preservation of Documents: | ||
| The listed entity is preserving and maintaining records as prescribed under SEBI Regulations and disposal of records as per Policy of Preservation of Documents and Archival policy prescribed under SEBI LODR Regulations, 2015. | Yes | Complied |
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
079 3560 6563
+91 6352255699
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
lMA
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
| 7. | Performance Evaluation: The listed entity has conducted performance evaluation of the Board, Independent Directors and the Committees at the start of every financial year/during the financial year as prescribed in SEBI Regulations. | Yes | Complied |
|---|---|---|---|
| 8. | Related Party Transactions: a) The listed entity has obtained prior approval of Audit Committee for all related party transactions; or b) The listed entity has provided detailed reasons along with confirmation whether the transactions were subsequently approved/ratified/rejected by the Audit Committee, in case no prior approval has been obtained. | Yes | Complied |
| 9. | Disclosure of events or information: The listed entity has provided all the required disclosure(s) under Regulation 30 along with Schedule III of SEBI LODR Regulations, 2015 within the time limits prescribed thereunder. | Yes | Complied |
| 10. | Prohibition of Insider Trading: The listed entity is in Compliance with Regulation 3(5) & 3(6) SEBI (Prohibition of Insider Trading) Regulations, 2015. | Yes | Complied |
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
079 3560 6563
+91 6352255699
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
| 11. | Actions taken by SEBI or Stock Exchange(s), if any: | ||
| No action(s) has been taken against the listed entity/ its promoters/ directors/ subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under SEBI Regulations and circulars/ guidelines issued thereunder except as provided under separate paragraph herein. | No | Complied | |
| 12. | Additional Non-compliances, if any: | N. A | There were No such Transactions during the Review period |
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)
Compliances related to resignation of statutory auditors from listed entities and their material subsidiaries as per SEBI Circular CIR/CFD/CMD1/114/2019 dated 18th October, 2019:
| Sr No | Particulars | Compliance Status (Yes/No/NA) | Observations/Remarks by PCS |
|---|---|---|---|
| 1. | Compliances with the following conditions while appointing/re-appointing an auditor | ||
| i. If the auditor has resigned within 45 days from the end of a quarter of a financial year, the auditor before such resignation, has issued the limited review/audit report for such quarter; or | |||
| ii. If the auditor has resigned after 45 days from the end of a quarter of a financial year, the auditor before such resignation, has issued the limited review/audit report for such quarter as well as the next quarter; or | |||
| iii. If the auditor has signed the limited review/audit report for the first three quarters of a financial year, the auditor before such resignation, has issued the limited review/audit report for the last quarter of such financial year as well as the audit report for such financial year. | N. A | The current Statutory Auditor of the company M/s Nisarg J Shah & Co, Chartered Accountants, Ahmedabad, FRN No. 128310W has been appointed as a Statutory Auditor of the company for a term of 5 years i.e. from the conclusion of 04th Annual general meeting till the conclusion of 9th Annual General Meeting for the year ending 31st March, 2029 i.e. for the year 2024-2025 to 2028-2029. |
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
lMA
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
| 2. | Other conditions relating to resignation of statutory auditor | ||
| i. Reporting of concerns by Auditor with respect to the listed entity/its material subsidiary to the Audit Committee: | |||
| a. In case of any concern with the management of the listed entity/material subsidiary such as non-availability of information / non-cooperation by the management which has hampered the audit process, the auditor has approached the Chairman of the Audit Committee of the listed entity and the Audit Committee shall receive such concern directly and immediately without specifically waiting for the quarterly Audit Committee meetings. | |||
| b. In case the auditor proposes to resign, all concerns with respect to the proposed resignation, along with relevant documents has been brought to the notice of the Audit Committee. In cases where the proposed | N. A | During the Year under review Auditor has not resigned |
B-503, Sivanta One, Pritamnagar Cross Road, Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
079 3560 6563
+91 6352255699
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
lMA
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
resignation is due to non-receipt of information / explanation from the company, the auditor has informed the Audit Committee the details of information/explanation on sought and not provided by the management, as applicable.
c. The Audit Committee / Board of Directors, as the case may be, deliberated on the matter on receipt of such information from the auditor relating to the proposal to resign as mentioned above and communicate its views to the management and the auditor.
ii. Disclaimer in case of non-receipt of information:
The auditor has provided an appropriate disclaimer in its audit report, which is in accordance with the Standards of Auditing as specified by ICAI / NFRA, in case where the listed entity/ its material subsidiary has not provided information as required
B-503, Sivanta Oye, The auditor, cross Road, Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
① 079 3560 6563
③ +91 6352255699
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
() The listed entity has complied with the provisions of the above Regulations and circulars/ guidelines issued thereunder, except** in respect of matters specified below:
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
www.csmkmurtuza.com
079 3560 6563
+91 6352255699
[email protected]
[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)
| Sr. No. | Compliance Requirement (Regulations/ circulars/ guide- lines including specific clause) | Regulati on/ Circular No. | Deviati ons | Actio n Take n by | Type of Actio n | Details of Violati on | Fine Amount | Observations / Remarks of the Practicing Company Secretary | Management Response | Re- marks |
|---|---|---|---|---|---|---|---|---|---|---|
| N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A |
The listed entity has taken the following actions to comply with the observations made in previous reports:
| Sr. No. | Compliance Requirement (Regulations/ circulars/ guide- lines including specific clause) | Regulati on/ Circular No. | Deviati ons | Action Taken by | Type of Action | Details of Violati on | Fine Amount | Observations / Remarks of the Practicing Company Secretary | Management Response | Re- marks |
|---|---|---|---|---|---|---|---|---|---|---|
| N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A | N. A |
M
MURTUZA MANDORWALA & ASSOCIATES
Practicing Company Secretaries
CS MURTUZA MANDOR
(CS, M.com, LLB, DLP)
For, Murtuza Mandorwala & Associates
Practicing Company Secretary
MANDORWALA
MURTUZA
KAIZARBHAI
MURTUZA
MANDOR
M. NO. : F10745
C. P. NO : 14284
PLACE : Ahmedabad
DATE : 26th May, 2026
UDIN : F010745H000490281
P. R NO : 1615/2021
This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report.
B-503, Sivanta One, Pritamnagar Cross Road,
Near V.S Hospital, Ellisbridge, Ahmedabad - 380006
079 3560 6563
@[email protected]
+91 6352255699
[email protected]
www.csmkmurtuza.com
A Satisfied Client Is The Best Business Strategy Of Ours