Dev Accelerator Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2025

Notes:
1 The above standalone unaudited financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meeting held on January 31, 2026. The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed by the statutory auditors of the company.
2 The standalone unaudited financial results for the quarter and Nine months ended December 31, 2026 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3 The company operates in a single segment and in line with Ind AS - 108 - “Operating Segments”, the operation of the group fall under “Renting and provision of Co-working spaces” business which is considered to be the only reportable business segment.
4 The Statement includes the results for the quarter ended December 31, 2024 are balancing amounts between the unaudited standalone financial statements for the nine months ended December 31, 2024 and the special purpose audited standalone financial statements for the six months ended September 30, 2024. The Unaudited Standalone Financial Results for the quarter ended December 31, 2024 have not been subjected to limited review or audit.
5 The Government of India has notified the implementation of four new Labour Codes by consolidating and rationalizing 29 existing labour laws. These Codes have been made effective from November 21, 2025. The corresponding all supporting rules under these codes are yet to be notified. On preliminary review of above code it is found that there will be no material impact on financials. The detailed exercise is yet to be over, the impact of the same if any, will be accounted for in the next quarter after finalisation of Central/ State Rules and clarifications from the Government on all the aspects of the Codes.
6 During the quarter ended December 31, 2025, the company ceased operations at one of its centres’. The company has accounted for gains and losses on account of lease termination through the standalone profit and loss account. The same has been disclosed as exceptional items in the results. The Company has considered such income as exceptional item and disclosed separately in the standalone statements of profit and loss.
7 The Company has completed the Initial Public Offer ('IPO') of 2,35,00,000 equity shares of face value of Rs.2 each at an issue price of Rs.61 per equity share (including share premium of Rs. 59 per equity share), The equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2025. The utilisation of IPO proceeds from fresh issue of Rs. 12,738.00 lakhs (net off Issue expenses of Rs. 1597.00 lakhs in relation to fresh issue of shares) is summarised below:
(Rs. in lakhs)
Particulars Amount to be utilised as per prospectus Amount utilised upto December 31, 2025 Amount unutilised as at December 31, 2025
Capex for fitout in proposed centres 7,312.00 3,317.59 3,994.41
Repayment / Prepayment of certain borrowings 3,500.00 3,500.00 -
General Corporate Purposes 1,926.00 1,926.00 -
TOTAL 12,738.00 8,743.59 3,994.41*
* The IPO proceeds which were unutilised as on December 31, 2025 are parked in Public Monitoring account, Public issue account, current account and fixed deposit from monitoring account.
8 The figures of previous quarters / year are reclassified, regrouped and rearranged wherever necessary so as to make them comparable with current period's figures.