Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dev Accelerator Limited

Meeting Details

  • Type of Meeting: 6th Annual General Meeting (AGM)
  • Date: Friday, September 25, 2026
  • Time: 01:00 PM to 01:21 PM (21 minutes duration)
  • Location: Conducted through Video Conferencing/Other Audio Video Means
  • Record Date: September 18, 2026
  • Total Shareholders on Record Date: 18,596

Voting Process and Methods

  • Remote E-voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • Voting Methods: Remote e-voting and e-voting at meeting through electronic voting system
  • Votes Unblocked: September 25, 2026 at approximately 2:30 PM in presence of witnesses Mr. Samoil Lokhandwala and Mr. Mayur Nagar
  • Scrutinizer: Murtuza Mandorwala of Murtuza Mandorwala & Associates (Practicing Company Secretary)
  • Scrutinizer Appointment Date: August 12, 2026
  • Scrutinizer Report Date: September 25, 2026

Shareholder Participation

  • Promoters/Promoter Group attended through VC: 2 members
  • Public shareholders attended through VC: 48 members
  • Physical attendance: 0 members from both promoter and public categories

Resolution Summary and Voting Outcomes

The AGM considered and passed 10 resolutions with the following details:

Resolution 1: Ordinary Business - Ordinary Resolution

Description: To receive, consider and adopt: a) The Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports; b) The Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors report

Voting Results:

  • Total shares voted: 49,303,487 (52.1003% of outstanding shares)
  • Votes in favor: 49,302,814 (99.9986% of votes polled)
  • Votes against: 673 (0.0014% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 2: Ordinary Business - Ordinary Resolution

Description: To appoint Mr. Yash Himanshu Shah (DIN: 06698067) as director who retires by rotation

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,038 (99.9985% of votes polled)
  • Votes against: 729 (0.0015% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 3: Special Business - Special Resolution

Description: To re-appoint Mr. Jaimin Jagdishbhai Shah (DIN: 00021880) as Nominee Director on behalf of Dev Information Technology Limited

Promoter Interest: Yes

Voting Results:

  • Total shares voted: 34,307,557 (36.2537% of outstanding shares)
  • Votes in favor: 34,306,828 (99.9979% of votes polled)
  • Votes against: 729 (0.0021% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 4: Special Business - Ordinary Resolution

Description: Appointment of M/s Murtuza Mandorwala and Associates as Secretarial Auditors

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,043 (99.9985% of votes polled)
  • Votes against: 724 (0.0015% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 5: Special Business - Special Resolution

Description: To alter the Objects Clause of the Memorandum of Association

Promoter Interest: No

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,038 (99.9985% of votes polled)
  • Votes against: 729 (0.0015% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 6: Special Business - Special Resolution

Description: To alter the Articles of Association of the Company

Promoter Interest: No

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,911,988 (99.9984% of votes polled)
  • Votes against: 779 (0.0016% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 7: Special Business - Special Resolution

Description: To approve Loans, Guarantees, or Security under Section 185 of Companies Act, 2013

Promoter Interest: No

Voting Results:

  • Total shares voted: 42,713,887 (45.1369% of outstanding shares)
  • Votes in favor: 42,713,179 (99.9983% of votes polled)
  • Votes against: 708 (0.0017% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 8: Special Business - Special Resolution

Description: Ratification of the Pre-IPO ESOP Scheme 'Dev Accelerator Limited Employee Stock Option Plan - 2023'

Promoter Interest: No

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,089 (99.9986% of votes polled)
  • Votes against: 678 (0.0014% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 9: Special Business - Special Resolution

Description: To approve proposed modifications in the Dev Accelerator Limited Employee Stock Option Plan - 2023

Promoter Interest: No

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,089 (99.9986% of votes polled)
  • Votes against: 678 (0.0014% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Resolution 10: Special Business - Special Resolution

Description: To approve extension of benefits of amended ESOP Plan to eligible employees of group companies including subsidiary and associate companies

Promoter Interest: No

Voting Results:

  • Total shares voted: 48,912,767 (51.6874% of outstanding shares)
  • Votes in favor: 48,912,089 (99.9986% of votes polled)
  • Votes against: 678 (0.0014% of votes polled)
  • Invalid votes: 0

Outcome: Passed

Category-wise Voting Breakdown

Total Outstanding Shares: 94,631,955

Shareholding Pattern:

  • Promoter and Promoter Group: 33,201,850 shares (35.08%)
  • Public Institutions: 3,308,729 shares (3.50%)
  • Public Non-Institutions: 58,121,376 shares (61.42%)

Scrutinizer's Findings and Conclusions

Mr. Murtuza Mandorwala, Practicing Company Secretary, confirmed:

  • The e-voting process complied with Section 108 of Companies Act, 2013 and Rule 20(4)(xii) of Companies (Management and Administration) Rules, 2014
  • The voting was conducted in accordance with SEBI Listing Regulations and Secretarial Standard-2 on General Meetings
  • All votes were properly scrutinized and validated
  • The register and records relating to electronic voting will remain in safe custody until minutes are approved

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • Secretarial Standards issued by ICSI

Additional Information

The voting results are also available on the company's website at https://www.devx.work/investor-relations