Notice of the 6th Annual General Meeting and the Integrated Annual Report for the financial year 2025-26

September 01, 2026 To, To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block, Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Script Code: 544513 Trading Symbol: DEVX Dear Sir/ Madam, Sub: Notice of the 6th (Sixth) Annual General Meeting and the Integrated Annual Report for the financial year 2025-26 We would like to inform that the 6th (Sixth) Annual General Meeting (“AGM”) of the Company will be held on Friday, September 25, 2026 at 01:00 P.M. (IST) through Video Conferencing/ Other Audio-Visual Means in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. Pursuant to Regulation 34(1) and 58(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Notice of AGM and Integrated Annual Report of the Company for the financial year 2025-26, which are being sent only through electronic mode to all the members and debenture holders whose e-mail address is registered with the Company / Registrar and Share Transfer Agent / Depository Participant(s). The aforesaid Notice and Integrated Annual Report is also available at the website of the Company i.e. https://www.devx.work/investor-relations . This is for your information and records. Thanking you Yours faithfully, For Dev Accelerator Limited (Formerly known as Dev Accelerator Private Limited) Anjan Trivedi Company Secretary & Compliance Officer Encl: As above Dev Accelerator Limited Annual Report 2025-26 Across the Pages Corporate Overview 02-28 Performance Highlights 02 Managing Director’s Message 04 Board of Directors 06 India is Moving. DevX is Building. 08 DevX Ecosystem 10 The Model 14 Enterprise Growth Engine 16 Asset-Light Expansion Architecture 20 Financial Highlights 24 Sustainability and Governance 26 Corporate Information 28 Statutory Reports 29-108 Notice 29 Director’s Report 58 Management Discussion and Analysis 72 Corporate Governance Report 79 Financial Statements 109-232 Standalone 109 Investor Information Consolidated 172 Market Capitalisation (as of March 31, 2026) `278 Crores L74999GJ2020PLC115984 Scan this QR Code to BSE Code 544513 access the Investor Relations page NSE Symbol DEVX Disclaimer Bloomberg Code This document contains statements about expected future events and financials of Dev Accelerator Limited (‘The Company’), which are DEVX:IN ‘forward-looking’. By their nature, forward-looking statements require Dividend Declared the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, Not Applicable predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance AGM Date on forward-looking statements as several factors could cause September 25, 2026 assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this AGM Mode document is subject to the disclaimer and qualified in its entirety VC/OAVM - Video Conference and Other by the assumptions, qualifications and risk factors referred to in the Audio-Visual Means Management Discussion and Analysis section of this Annual Report. The Ecosystem for Modern Work Every growing enterprise eventually faces the same question: where do we go next? A new market may offer talent, customers and opportunity. But growth can only move as quickly as the infrastructure behind it. Teams need spaces that are ready. Businesses need flexibility without compromising quality. Expansion needs to happen without the delays, complexity and capital intensity that often come with building a new presence from the ground up. Our Company was founded around But our proposition does not stop this understanding: workspace is not at the workspace. Around it, we simply where business happens. It is have built an integrated ecosystem infrastructure that enables business spanning development, design, to happen. execution, operations, technology and enterprise services. What we That belief has shaped both our learn from occupiers shapes what model and our markets. we build next. In-house capabilities As India’s economic growth bring greater speed and consistency broadens beyond its largest to execution. Technology simplifies metros, Tier-II cities are becoming everyday workplace management. increasingly important centres for Enterprise services deepen manufacturing, technology, Global engagement beyond the Capability Centres and domestic physical space. enterprises. Yet the availability Each part makes the others stronger. of institutional-grade office infrastructure has not always kept A land parcel becomes institutional- pace with this ambition. grade infrastructure. That infrastructure enables an enterprise We saw an opportunity to bridge to establish its next regional hub. that gap differently. That hub creates the environment By partnering with landowners to for people to connect, collaborate create Grade A+ workspaces without and build. And every new location owning the underlying land or adds knowledge, capability and funding construction on our balance scale to the platform. sheet, we have built a model that This is the larger idea behind brings together two complementary our Company. ambitions. Landowners gain the opportunity to unlock greater long- We are not merely creating flexible term value from their assets, while offices. We are building the enterprises gain access to high- infrastructure layer that can help quality, ready-to-use infrastructure enterprises move faster into India’s in markets where they increasingly emerging growth markets, and a want to grow. For us, this creates a platform designed to grow stronger capital-efficient platform that can with every enterprise, every partner expand with opportunity. and every city it enables. Performance Highlights Progress through Disciplined Execution We continued to strengthen our FY 2025-26 Key Highlights ecosystem through sustained growth, strong occupier confidence and disciplined Crores capital-efficient expansion. Consolidated Revenue 90.31 Occupancy Rate Net Churn 99.7 Seat Retention Centres Across 12 Cities Lacs Sq. Ft. Managed Workspace Portfolio 2 Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements IPO Highlights 143.35 Issue Size Crores Issue Price `61.00 Face Value Per Share Listing Premium `59.00 63.88 Oversubscription x Shareholder Base 20,000 approx. (Post IPO) Dev Accelerator Limited 3 Managing Director’s Message Leading the Next Era of Modern Work Today, India is home to more than 1,800 GCCs, employing over 1.6 Million professionals. This workforce is expected to exceed 2.0 Million over the coming years. At the same time, Tier-II cities are emerging as the country’s next growth hubs, supported by improving infrastructure, deep talent pools and significantly lower operating costs than metropolitan markets. As enterprises increasingly prioritise flexibility, speed and capital efficiency, managed workspaces are becoming an integral part of their expansion strategy rather than simply a real estate decision. However, across many emerging markets, the supply of high- quality commercial office infrastructure continues to lag enterprise demand. We believe this structural gap presents a compelling long-term opportunity for us to support India’s expanding business landscape. Building an Integrated Platform Umesh Uttamchandani From the very beginning, we recognised that enterprises needed more than flexible workspaces. Managing Director They require partners who can simplify expansion, reduce execution complexity and deliver consistent quality across locations. This conviction has shaped the integrated platform Dear Shareholders, we have built. Our close engagement with enterprises provides valuab [Showing first 8,000 characters — download PDF for full document]