Dev Accelerator's board meeting greenlit the Q1 consolidated financial results and reappointed a Nominee Director. The company is also set to alter its Memorandum and Articles of Association and ratify its employee stock option plan.
DEVX Board approves allotment of ~Rs. 15 Cr warrants and ~Rs. 20 Cr equity shares via preferential issue. Appoints Grant Thornton Bharat LLP as Internal Auditor for FY27 and Murtuza Mandorwala & Associates as Secretarial Auditor for 5 years.
DEVX board met and approved the financial results. They also greenlit fundraising via up to ₹100 crore in Non-Convertible Debentures (NCDs) through private placement.
DEVX board meeting outcome: Approved audited financial results (consolidated & standalone). Will raise Rs. 100 Cr via Non-Convertible Debentures (NCDs) on private placement basis.
DEVX's Board meeting outcome: Approves issuance of warrants and equity shares via preferential allotment to promoters and a non-promoter entity. Appointed a scrutineer for the postal ballot process.
