Press Release

November 04, 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: Trading Symbol: DEVX (Equity: 544513, Debt: 978033) Dear Sir/ Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Press Release Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time), please find enclosed Q2 and H1 FY27 Press Release on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The above information will also be available on the website of the Company viz. https://www.devx.work/investor-relations We request you to kindly take the same on record. Thanking you Yours faithfully, For Dev Accelerator Limited Anjan Trivedi Company Secretary & Compliance Officer Q2 and H1 FY27 Press Release DevX achieved highest ever Q2 FY27 Performance with Revenue Growth of 54.8% YoY to Rs. 80.2 crore; PAT triples to Rs. 5.5 crore Q2 FY27 Cash EBIT more than doubles to Rs. 19.1 crore at a 23.8% margin H1 FY27 revenue up 25% to Rs. 134.0 crore; PAT up 3.7x YoY to Rs. 7.0 crore Occupancy 91.2%; pipeline takes the platform to 4.16 million sq. ft. Ahmedabad, 3 November2026:Dev AcceleratorsLimited (“DevX” or the “Company”) (BSE: 544513 | NSE: DEVX), an enterprise-focused managed workspace platform with one of India's largest Tier-2 flex footprints and integrated design, technology and facility services, has announced its unaudited financial results for the quarter and half year ended 30 September 2026. Q2 FY27 Financial Performance: Rs.Crore Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% H1 FY27 H1 FY26 YoY% Revenue from Operations 80.2 51.8 54.8% 53.8 49.2% 134.0 107.5 24.7% EBITDA 40.8 26.4 54.3% 30.3 34.7% 71.1 52.8 34.5% Margin% 50.8% 51.0% (14) bps 56.3% (547) bps 53.0% 49.2% 388 bps Cash EBIT (EBITDA less 19.1 9.1 109.9% 12.5 53.1% 31.5 19.2 64.4% lease rent paid) Cash EBIT margin% 23.8% 17.5% 625 bps 23.2% 61 bps 23.5% 17.9% 568 bps PBT 6.3 1.7 3.7x 1.6 4.0x 7.9 2.6 3.0x Margin% 7.7% 3.1% 455 bps 2.8% 489 bps 5.7% 2.4% 330 bps PAT 5.5 1.8 3.1x 1.5 3.7x 7.0 1.9 3.7x Margin% 6.7% 3.2% 345 bps 2.7% 402 bps 5.0% 1.7% 333 bps Q2 FY27 Revenue Contribution: Q2 and H1 FY27 Press Release Commenting on the performance Mr. Parth Shah, Chairman said: “This wasour highest everquarter forrevenue,withgrowthof54.8%and profit after taxmorethan tripling. The performance reflects increasing occupancy at centres opened over the past year and greater client adoption ofour integratedservices,spanning designand build,technologyand facility management. With occupancy above 91.2%, we have a strong operating base from which to expand. Our integrated offering positions us to support global companies, including mid-sized Global Capability Centres, as they establishand grow theiroperations in India,particularlyin fast-growing Tier 2cities. Our development management model enables us to partner with landowners to create institutional quality workspaces without investing in land or construction. This approach supports capital-efficient expansion while allowing us toapplyour operatingexpertiseand client relationships acrossalargerportfolio. Looking ahead, our pipeline of 17 new centres covering approximately 2.81 million sq. ft. is expected to take our platform to 4.16 million sq. ft. across 49 centres. Over the coming quarters, our focus is on phased commissioning, converting leasing opportunities into occupied space and expanding our GCC services business. By combining a larger workspace portfolio with deeper client engagement, we aim to translatethis scale into sustainedearningsgrowthand long-termshareholdervalue.” Commenting on the financials Mr. Parin Shah, Chief Financial Officer said: “Profit growth significantly outpaced revenue as we expanded without a corresponding increase in overheads. During H1 FY27, other expenses declined from 11.1% to 7.7% of revenue, while employee costs remained broadly unchanged. After deducting all lease rental payments, Cash EBIT more than doubled toRs.19.1crorein Q2FY27,withamarginof23.8%. We raised Rs. 100 crore through secured, rated and listed NCDs to support our signed expansion pipeline, while net debt remains below equity. Our priority for the second half is to translate growth into strongercashgeneration byacceleratingbillingand collections.” Business Highlights: • Integrated Platform:Managedworkspaces complemented bydesignandbuild capabilitiesthroughNeddle & Thread and technology services through SaaSJoy, expanding client engagement and cross-selling opportunities • GCC Opportunity: Building an integrated offering of payroll, talent sourcing and IT infrastructure services forsmallandmid-sizedglobal companiesestablishing operationsin India • Capital-Efficient Expansion: Development management partnerships with landowners enable growth withoutinvestmentin landorconstruction,includinganapproximately 8.6lakhsq.ft.project in Ahmedabad • Expansion Visibility: Pipeline of 17 new centres covering approximately 2.81 million sq. ft., expected to taketheplatformto4.16million sq.ft.across 49centres • Strong Core Profitability: Standalone EBITDA margin expanded by 311 bps YoY to 69.7% in Q2 FY27, among thehighest in thelistedflexibleworkspace sector • Growth Funding: Allotted Rs. 100 crore of secured, rated and listed NCDs in August 2026 to support expansion plans Q2 and H1 FY27 Press Release Our Platform Connects Landlords, Clients and Vendor Partners – Creating a Powerful Network Effect for All Q2 and H1 FY27 Press Release Q2 and H1 FY27 Earnings Conference Call Conference Call Details: Wednesday, November 4, 2026, at 4:00 PM IST Diamond Pass Click Here Universal Access +91 22 6280 1106 | +91 22 7115 8007 Number The number listed above is universally accessible from all networks and all countries. Toll Free Number HK: 800 964 448 | SG: 800 101 2045 AboutDevAcceleratorsLimited: Dev Accelerator Limited is an enterprise-focused, full-solution managed workspace platform and has been recognised among the “India’s Fastest-Growing Companies 2026” by Statista. The company designs, builds, and operates custom offices end-to-end covering site selection, bespoke fit-outs, technology integration, and facility management under a single SLA. With one of India’s largest Tier-2 footprints by operational flex stock, DevX serves enterprises, startups, and global corporations with collaborative, customizable work environments across the country. The company operates 28 centres across multiple Indian cities with over 17,000 seats and 1.2 million sq. ft. under management. This is complemented by design-and-build and allied services that ensurefast handovers and consistentstandards. For more information, please contact:www.devx.work For Further Information Please contact: www.devx.work Simran Malhotra / Mohammed Petiwala +91 70414 82004 +91 73032 11037 investor.relations@devx.work devx@churchgatepartners.com Disclaimer: Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, expansion plans, new centres and their expected timing, and the Company's financial performance, are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. Cash EBIT is a non-GAAPmeasure;figuresareunauditedand subject tolimit [Showing first 8,000 characters — download PDF for full document]