Agreements

August 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Plot No C/1, G Block Dalal Street, Fort Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai- 400051 Scrip Code: 544513 T rading Symbol: DEVX Dear Sir/Ma’am Sub: Intimation under Regulations 30 and 30A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”) read with Clause 5A, Para A, Part A, Schedule III of the SEBI Listing Regulations and relevant SEBI Master Circular This is to inform that Dev Accelerator Limited (“Company” / “Issuer”) and Catalyst Trusteeship Limited (as the debenture trustee, acting for the benefit of the debenture holders) have entered into a debenture trust deed dated July 31, 2026 (“Debenture Trust Deed”) with respect to issuance of up to 100,000 (one lakh) senior, listed, secured, rated, redeemable, non-cumulative, taxable, transferable, non- convertible debentures of face value of Rs. 10,000 (Rupees Ten Thousand only) each, aggregating up to Rs. 100,00,00,000 (Rupees One Hundred Crore only), on a private placement basis. We would like to inform you that the Company has received intimations from its promoters viz. Mr. Parth Shah, Mr. Rushit Shah and Mr. Umesh Uttamchandani, pursuant to Regulation 30A(1) of the SEBI Listing Regulations, on today i.e. August 04, 2026, in connection with the execution of a deed of personal guarantee dated July 31, 2026 executed by them in favour of Catalyst Trusteeship Limited (the “Deed of Personal Guarantee”). The information required to be disclosed by the Company pursuant to its obligations under Regulations 30 and 30A of the SEBI Listing Regulations read with Clause 5A, Para A, Part A, Schedule III of the SEBI Listing Regulations, is enclosed herewith as Annexure A. We request you to kindly take the above information on record. Thanking you. Yours faithfully, For Dev Accelerator Limited (Formerly known as Dev Accelerator Private Limited) Anjan Trivedi Company Secretary & Compliance Officer ANNEXURE A Disclosure under Regulations 30 and 30A of the SEBI Listing Regulations read with Clause 5A, Para A, Part A, Schedule III of the SEBI Listing Regulations and the Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued by SEBI on January 30, 2026 # Particulars Details a) If the listed entity is a party to the Dev Accelerator Limited (the “Company”) is not a agreement: party to the deed of personal guarantee dated July 31, i. Details of the counterparties 2026 (“Deed of Personal Guarantee”) executed by (including name and relationship Parth Shah, Rushit Shah and Umesh Uttamchandani with the listed entity) (the “Guarantors”) in favour of Catalyst Trusteeship Limited (the “Debenture Trustee”). Therefore, not applicable. b) If listed entity is not a party to the The following parties are party to the Deed of agreement: Personal Guarantee: i. Name of the party entering into such an agreement and the relationship Name of the Party Relationship with Dev with the listed entity Accelerator Limited ii. Details of the counterparties to the Guarantors agreement (including name and Mr. Parth Shah He is a Promoter and Chairman and Whole relationship with the listed entity) Time Director of the Company. Mr. Rushit Shah He is a Promoter and Whole Time Director of the Company. Mr. Umesh He is a Promoter and Uttamchandani Managing Director of the Company. Debenture Trustee Catalyst Trusteeship It is not a related party of Limited or related to the Company. iii. Date of entering into the agreement The Deed of Personal Guarantee was entered into on July 31, 2026. The obligations and covenants undertaken by the Guarantors under the Deed of Personal Guarantee are binding on and affect the Company as the listed entity from the date of execution of the Deed of Personal Guarantee. c) Purpose of entering into the agreement The Deed of Personal Guarantee has been entered into, inter alia, to secure the payment obligations of the Company under the debenture trust deed dated July 31, 2026 (“Debenture Trust Deed”) entered into between the Company (as the issuer) and the Debenture Trustee (acting on behalf of and for the benefit of the debenture holders, for the issuance of up to 1,00,000 (one lakh) senior, listed, secured, rated, redeemable, non-cumulative, taxable, transferable, non-convertible debentures of a face value of Rs. 10,000 (Rupees Ten Thousand) each, aggregating up to Rs. 100,00,00,000 (Rupees One Hundred Crore), on a private placement basis by the Company. d) Shareholding, if any, in the entity with The Company does not have any shareholding in any whom the agreement is executed of the parties to the Deed of Personal Guarantee. e) Significant terms of the agreement (in The Deed of Personal Guarantee contains customary brief) affirmative and negative covenants requiring each Guarantor to, inter alia, maintain all requisite approvals and authorisations, furnish specified financial information and notifications to the Debenture Trustee, comply with monitoring and servicing requests, and perform such further acts and deeds as may be required in relation to the Deed of Personal Guarantee. The Guarantors are also subject to customary restrictions, inter alia, in relation to voluntary insolvency, disposal of assets, compromise with creditors, assumption of third- party liabilities, reduction of their shareholding in the Company below the prescribed threshold, cessation of executive positions and directorships in the Company, changes to the general nature of their business/employment, and creation of encumbrances over their assets. f) Extent and the nature of impact on No direct impact on the day-to-day management or management or control of the listed control of the Company, save that, the Guarantors entity 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 Issuer. g) Details and quantification of the No direct liabilities have been imposed directly on the restriction or liability imposed upon the Company under the Deed of Personal Guarantee, as listed entity the guarantee and related covenants are personal obligations of the Guarantors. The quantification of the restrictions arising from the covenants undertaken by the Guarantors are not ascertainable as they are in the nature of covenants such maintenance of minimum shareholding in the Company, continuity on the board of the Company and restrictions on disposal of assets. Pursuant to the terms of the Deed of Personal Guarantee, each of the Guarantor, in their capacity as promoters of the Company, has agreed and undertaken the following, which are binding on and affect the Company as the listed entity: 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 Issuer. h) Whether, the said parties are related to Please refer to our response to paragraphs (b)(i) and promoter / promoter group / group (b)(ii) above. Each of the Guarantors is related to the companies in any manner. If yes, nature Company as a promoter and member of the promoter of relationship group of the Company. i) Whether the transaction would fall No. The Deed of Personal Guarantee does not classify within related party transactions? If yes, as a related party transaction under the SEBI Listing whether the sa [Showing first 8,000 characters — download PDF for full document]