Dev Accelerator Ltd

📊 Dev Accelerator Ltd Seeks Shareholder Approval for Capital Raise via Warrant and Equity Issuance

- Issuance of up to 3,333,330 convertible warrants to three promoters at ₹45 per warrant, totaling ₹14,99,99,850

- Promoters receiving warrants: Shah Parth Naimeshbhai (1,111,110), Uttamchandani Umesh Satishkumar (1,111,110), Rushit Shardulkumar Shah (1,111,110)

- Warrants convertible into equity shares within 18 months

- Issuance of up to 4,444,440 equity shares to non-promoter Infibeam Projects Management Private Limited at ₹45 per share, totaling ₹19,99,99,800

- Pricing set at ₹45 per share/warrant based on March 24, 2026 valuation date

- Warrants require 25% upfront payment and 75% upon conversion

- Both equity shares and warrants subject to lock-in periods