The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

Ref. No: CTL/SAST/26-27/00902 Date:04 August 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, B/S Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat -380015, India E-mail: compliance@devx.work Dear Sir / Madam, Subject: Disclosure under Regulation 29(1) read with Regulation 29(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended . This disclosure is being made by Catalyst Trusteeship Limited (in its capacity as the Debenture Trustee, acting for the benefit of the debenture holders, under the Debenture Trust Deed (as defined below)) in relation to the creation of an encumbrance (as defined under Chapter V of the SEBI (Substantial Takeover Regulations DAL Company Guarantor 1 Guarantor 2 Guarantor 3 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 INR 10,000 (Indian Rupees Ten Thousand) each, aggregating up to INR 100,00,00,000 (Indian Rupees One Hundred crore) issued by the Company, on a private placement basis, inter alia under the terms of: (i) a debenture trust deed dated 31 July 2026 executed between DAL and Catalyst Trusteeship Limited Debenture Trustee Debenture Trust Deed 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; (collectiv Encumbrance Given the nature of conditions and/or arrangements under the Deed of Personal Guarantee and the Debenture Trust Deed, the Encumbrances and other conditions therein are likely to fall within the Accordingly, this disclosure is being made under Regulation 29(1) read with Regulation 29(4) of the Takeover Regulations. Kindly take the above on record. Thanking you Yours faithfully For and on behalf of Catalyst Trusteeship Limited Authorised Signatory Name:Deesha Srikkanth Designation:Senior Vice President Place:Mumbai Date:August 04, 2026 Encl: As above Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ) Part A-Details of acquisition Name of the Target Company (TC) Dev Accelerator DAL Name(s) of the acquirer and Persons Acting in Catalyst Trusteeship Limited (in its capacity as the Concert (PAC) with the acquirer Debenture Trustee under the Debenture Trust Deed, acting for the benefit of the debenture holders) Whether the acquirer belongs to Promoter/ No Promoter group Name(s) of the Stock Exchange(s) where the BSE Limited shares of TC are Listed National Stock Exchange of India Limited % w.r.t. total % w.r.t. total share/ voting Details of the acquisition/ disposal as diluted share/ Number capital follows voting capital of wherever the TC (**) applicable (*) Before the acquisition under consideration, holding: a) Shares carrying voting rights Nil Nil Nil b) Shares in the nature of encumbrance Nil Nil Nil (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by Nil Nil Nil shares d) Warrants/ convertible securities / any Nil Nil Nil other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) Nil[Refer to Nil[Refer to Nil[Refer to Note 2 below] Note 2 below] Note 2 below] Details of acquisition/ sale a) Shares carrying voting rights acquired/ Nil Nil Nil sold b) VRs acquired /sold otherwise than by Nil Nil Nil shares c) Warrants/ convertible securities/ any Nil Nil Nil other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered/ invoked/ releasedby 1,85,96,640 19.65% 19.65% the acquirer e) Total (a+b+c+d) 1,85,96,640 19.65% 19.65% [Refer to Note [Refer to Note 1 [Refer to Note 1 1 below] below] below] After the acquisition/sale, holding of: a) Shares carrying voting rights Nil Nil Nil b) Shares encumbered with the acquirer 1,85,96,640 19.65% 19.65% c) VRs otherwise than by shares Nil Nil Nil d) Warrants/ convertible securities / any Nil Nil Nil other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 1,85,96,640 19.65% 19.65% [Refer to Note [Refer to Note [Refer to Note 1and Note 2 1and Note 2 1and Note 2 below] below] below] Mode of acquisition/ sale (e.g. open market/ Creation of encumbrance public issue/ rights issue/ preferential allotment / inter-se transfer/ encumbrance etc.) Salient features of the securities acquired Not applicable including till redemption, ratio at which it can be converted into equity shares etc. Date of acquisition / sale of shares/ VR or date 31July 2026 (Refer to Note below) of receipt of intimation of allotment of shares, whichever is applicable Equity share capital /total voting capital of the Equity Share Listed Capital: 18,92,63,910 TC before the said acquisition/ sale (representing 9,46,31,955equity shares of 2each) Equity share capital/total voting capital of the Equity Share Listed Capital: 18,92,63,910 TC after the said acquisition/ sale (representing 9,46,31,955 equity shares of 2each) Total diluted share/voting capital of the TC Equity Share Listed Capital: 19,59,30,570 after the said acquisition.[Refer Note 3] (representing 9,79,65,285equity shares of 2each) Note 1: This disclosure is being made by Catalyst Trusteeship Limited (in its capacity as the Debenture Trustee, acting for the benefit of the debenture holders, under the Debenture Trust Deed (as defined below))in relation to the creation of an encumbrance (as defined under Chapter V of the SEBI (Substantial Takeover Regulations DAL Company Guarantor 1 Guarantor 2 Guarantor 3 Guarantors secured, rated, redeemable, non-cumulative, taxable, transferable, non-convertible debentures of face value INR 10,000 (Indian Rupees Ten Thousand) each, aggregating up to INR 100,00,00,000 (Indian Rupees One Hundred crore) issued by the Company, on a private placement basis, inter alia under the terms of: (i) a debenture trust deed dated 31 July 2026 executed between DAL and Catalyst Trusteeship Limited Debenture Trustee Debenture Trust Deed 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; (collectiv Given the nature of conditions [Showing first 8,000 characters — download PDF for full document]