Dev Accelerator Limited issued a Postal Ballot Notice on March 24, 2026 to seek member approval for two preferential issue resolutions.
Item 1 proposes 33,33,330 convertible warrants to three promoters at ₹45 each, aggregating up to ₹14.99 crore; Item 2 proposes 44,44,440 equity shares to Infibeam Projects Management at ₹45 each, raising up to ₹20 crore.
Combined proceeds of ~₹35 crore are earmarked exclusively for an interest-free refundable security deposit for a new ~4,50,000 sq ft co-working centre in Ahmedabad.
Post full conversion, promoter holding rises from 36.81% to 37.29% and total shares increase from 9,01,87,515 to 9,79,65,285.