The board of directors of Dev Accelerator Limited, in its meeting held on May 19, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. For the quarter ended March 31, 2026, the company reported revenue from operations of Rs 5,925.96 Lakhs, compared to Rs 5,919.80 Lakhs in the previous quarter (ended December 31, 2025) and Rs 6,540.40 Lakhs in the corresponding quarter of the previous year (ended March 31, 2025). The company’s total income for the quarter ended March 31, 2026, stood at Rs 6,334.85 Lakhs (derived from Rs 5,925.96 Lakhs revenue and Rs 408.89 Lakhs other income). A comparative analysis of the financial results is presented below:

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Note: The financial results in the notice were provided in Rs. Lakhs. YoY change calculation is based on the comparison between the quarter ended March 31, 2026, and the quarter ended March 31, 2025.

Dev Accelerator Limited, popularly known as DevX, is a prominent player in India’s flexible workspace industry. The company provides managed office spaces, coworking solutions, and end-to-end design and execution services for startups, SMEs, and large corporations. Established in 2017, the company has expanded its footprint across multiple major Indian cities, offering customized office infrastructure and business acceleration programs. In addition to its financial results, the board also approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable Non-Convertible Debentures (NCDs) on a private placement basis to raise up to Rs 100 Crores.