Key Quantitative Figures

The preferential issue involves:

  • 44,44,440 equity shares of ₹2 each to be issued to non-promoters at a price not less than ₹45 per share
  • 33,33,330 warrants convertible into equity shares of ₹2 each to be issued to promoters at a price not less than ₹45 per warrant

Dates of Action

  • NSE approval letter dated: June 09, 2026 (Reference: NSE/LIST/54231)
  • BSE approval letter dated: June 08, 2026 (Reference: LOD/PREF/KS/FIP/343/2026-27)
  • Company intimation date: June 09, 2026

Parties Involved

  • Issuer: Dev Accelerator Limited
  • Regulatory authorities: National Stock Exchange of India Limited, BSE Limited
  • Signatories: Anjan Trivedi (Company Secretary & Compliance Officer) for Dev Accelerator Limited; Pooja Pashte (Manager) for NSE; Marian D'souza (Assistant Vice President) and Karan Shah (Deputy Manager) for BSE
  • Counterparties: Promoters and non-promoters (allottees)
  • Other entities: National Securities Depository Limited, Central Depository Services Limited

Conditions for Approval

The in-principle approval is subject to the following conditions:

1. Filing the listing application at the earliest from the date of allotment

2. Receipt of statutory and other approvals from SEBI, RBI, MCA, and other statutory authorities

3. Compliance with all applicable guidelines, regulations, and directions of the Exchange and statutory authorities

4. Compliance with SEBI (LODR) Regulations, 2015, Companies Act, 1956/2013, and other applicable laws

5. Submission of required documents to NSE/BSE and payment of applicable fees

Additional Compliance Requirements

The company must strengthen internal controls to monitor trades by proposed allottees and:

  • Obtain undertakings from allottees confirming they will not do intra-day trading or any sale in the company's scrip until the allotment date
  • Verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
  • Note that any non-compliances observed post-undertaking may impact listing of shares

Timeline Requirements

The company must make application for listing within twenty days from the date of allotment as per SEBI circular dated June 21, 2023.

Reservations and Limitations

The exchanges reserve the right to withdraw in-principle approval if information submitted is found to be incomplete, incorrect, misleading, false, or in contravention of any rules, regulations, or guidelines. This approval does not constitute approval under any other Act/Regulation/rule/byelaws.

#Tags: #DevAccelerator #PreferentialIssue #SEBILODR #RegulatoryCompliance #CapitalRaising #Neutral