The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 04, 2026 for Parth Shah, Rushit ....

Date: August 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort Bandra-Kurla-Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 E-mail: corp.relations@bseindia.com Email: takeover@nse.co.in Dev Accelerator Limited C-01, The First Commercial Complex, behind Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat -380015, India E-mail: compliance@devx.work Dear Sir/Madam, Subject: Disclosure under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”). This disclosure is being made by Parth Shah (“Guarantor 1”), Rushit Shah (“Guarantor 2”) and Umesh Uttamchandani (“Guarantor 3” together with the Guarantor 1 and the Guarantor 2, the “Guarantors”) in relation to the creation of an encumbrance (as defined under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) over equity shares of Dev Accelerator Limited (“DAL” or the “Company”) held by the Guarantors, in connection with issue of up to 1,00,000 (One Lakh) senior, listed, secured, rated, redeemable, non-cumulative, taxable, transferable, non-convertible debentures of face value Rs. 10,000 (Rupees Ten Thousand Only) each, aggregating up to Rs. 100,00,00,000 (Rupees One Hundred Crores Only) issued by the Company, on a private placement basis, inter alia under the terms of: (i) a debenture trust deed dated July 31, 2026 executed between DAL and Catalyst Trusteeship Limited (“Debenture Trustee”) (“Debenture Trust Deed”); and (ii) a deed of personal guarantee dated July 31, 2026 executed by the Guarantors in favour of the Debenture Trustee (“Deed of Personal Guarantee”). Pursuant to the Deed of Personal Guarantee and the Debenture Trust Deed, inter alia: (i) the Guarantors shall not, at any time prior to the Final Redemption Date: (A) reduce their collective shareholding in the Company such that the aggregate shareholding of the Guarantors in the Company falls below 19% (nineteen percent) of the total issued and paid- up share capital of the Company (on a fully diluted basis); or (B) cease to hold executive positions and directorships in the Company; and (ii) DAL may not undertake any amalgamation, demerger, merger, consolidation or corporate reconstruction, spin-off, reorganisation, restructuring or implement any transaction or action of a similar nature, without the prior written consent of the Debenture Trustee; (collectively, the “Encumbrance”). Given the nature of the obligations and covenants undertaken by the Guarantors under the Deed of Personal Guarantee and the Debenture Trust Deed, the Encumbrance is likely to fall within the definition of the term ‘encumbrance’ provided under Chapter V of the Takeover Regulations, which extends to any covenant, transaction, condition or arrangement, including non-disposal undertakings and covenants restricting the disposal of, or control over, shares, having an economic effect similar to security. The enclosed disclosure is being made under Regulation 31 read with Securities and Exchange Board of India's Master circular dated February 16, 2023, bearing reference no. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 in relation to the above considering the definition of the term "encumbrance" for the purposes of Chapter V of the Takeover Regulations. Yours faithfully, Signature of the Guarantors Parth Shah Chairman and Whole Time Director DIN: 07496443 Rushit Shah Whole Time Director DIN: 07496984 Umesh Uttamchandani Managing Director DIN: 07496423 Encl.: a/a ANNEXURE – 1 Disclosure by the Promoters to the Stock Exchanges and to the Target Company for encumbrance of shares/invocation of encumbrance/release of encumbrance, in terms of Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Dev Accelerator Limited Names of the stock exchanges where the equity shares of the target company are listed BSE Limited and National Stock Exchange of India Limited Date of reporting August 04, 2026 1. Mr. Parth Shah Names of the promoters or PAC on whose shares encumbrance has been created/ released/ invoked 2. Mr. Rushit Shah 3. Mr. Umesh Uttamchandani Details of the creation of encumbrance: Post event holding of Promoter holding in the Promoter holding Details of events pertaining to encumbrance encumbered shares target company (1) already encumbered (2) (3) {creation [(2)+(3)]/release [(2)-(3)]/invocation [(1)-(3)]} Name of the promoter(s) Date of Name of the or PACs with him* Type of event Type of encumbrance % of % of total % of total creation/ % of entity in whose (creation / (pledge/ lien/ non Reasons for total Number share Number share release/ Number share favour shares Number release / disposal encumbrance** share capital capital invocation of capital encumbered invocation) undertaking/ others) capital encumbrance *** 61,98,880 Mr. Parth Shah 61,98,880 6.55 - - (Please refer to the 6.55 61,98,880 6.55 Catalyst July 31, 2026 Note 1 below) Trusteeship (date of 61,98,880 Limited, the Mr. Rushit Shah 61,98,880 6.55 - - execution of the (Please refer to the 6.55 61,98,880 6.55 Debenture Creation of Deed of Personal Others Please refer to Note 1 below) Trustee acting for encumbrance Guarantee and (Please refer to the the Note 1 61,98,880 the benefit of the the Debenture Note 1 below) below (Please refer to the Debenture Mr. Umesh Uttamchandani 61,98,880 6.55 - - Trust Deed) Note 1 below) 6.55 61,98,880 6.55 Holders (Please refer to (Please refer to Note 1 below) the Note 1 below) Jaimin Jagdishbhai Shah - - - - - - - - - - - - - Pranav Niranjan Pandya - - - - - - - - - - - - - Amisha Jaimin Shah - - - - - - - - - - - - - Kruti Pranav Pandya - - - - - - - - - - - - - Neha Uttamchandani - - - - - - - - - - - - - Ashaben S Uttamchandani - - - - - - - - - - - - - Trisha Uttamchandani - - - - - - - - - - - - - Himanshu Uttamchandani - - - - - - - - - - - - - Ravi Uttamchadani - - - - - - - - - - - - - Prakash Relumal Atlani - - - - - - - - - - - - - Rekhaben Prkashbhai Atlani - - - - - - - - - - - - - Jaykishan Prkashbhai Atlani - - - - - - - - - - - - - Parin Kamal Mehta - - - - - - - - - - - - - Nilaxiben Shardulbhai Shah - - - - - - - - - - - - - Sonu Jigarkumar Mehta - - - - - - - - - - - - - Nisha S Shah - - - - - - - - - - - - - Kamal Vasantlal Mehta - - - - - - - - - - - - - Suvarna Kamal Mehta - - - - - - - - - - - - - Khushalee Ashokkumar - - - - - - - - - - - - - Dave Naimesh Chandrakant - - - - - - - - - - - - - Shah Parulben Naimesh Shah - - - - - - - - - - - - - Aadhhya Parth Shah - - - - - - - - - - - - - Margi Mohit Shah - - - - - - - - - - - - - Ashok Navnitlal Dave - - - - - - - - - - - - - Nitaben Ashokkumar Dave - - - - - - - - - - - - - Ramya Ashokkumar Dave - - - - - - - - - - - - - Priya Ashokkumar Dave - - - - - - - - - - - - - Jayshreeben Jagdishbhai - - - - - - - - - - - - - Shah Rakhi S Shah - - - - - - - - - - - - - Vyom Shah - - - - - - - - - - - - - Vinisha Shah - - - - - - - - - - - - - Chirag Mahendrabhai Shah - - - - - - - - - - - - - Mona Mahendrabhai Shah - - - - - - - - - - - - - Shilpa Pragneshkumar - - - - - - - - - - - - - Pandya Manisha Mahendrakumar - - - - - - - - - - - - - Shah Shruti Savio Gonsalves - - - - - - - - - - - - - Devashish Pranav Pandya - - - - - - - - - - - - - Mehar Pranav Pandya - - - - - - - - - - - - - Pratibhaben Mohanlal - - - - - - - - - - - - - Desai Jaimin Jagdishbhai Shah - - - - - - - - - - - - - Pranav Niranjan Pandya - - - - - - - - - - - - - Dev Information 1,46,05,210 - - - - - - - - - - - Technology Limited 15.44 Finex Accounting Services - - - - - - - - - - - - - Private Limited Dhyey Consulting Services - - - - - - - - - - - - - Private Limited Minddefft Technologies - - - - - - - - - - - - - Private Limited Confiable Advisory LLP - - - - - - - - - - - - - Byte Technosys Private - - - - - - - - - - - - - Li [Showing first 8,000 characters — download PDF for full document]