Outcome of Board Meeting dated August 12, 2026

August 12, 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: Outcome of the Board Meeting Pursuant to Regulation 30 and 33 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”) we would like to inform you that the Board of Directors at its meeting held on today i.e. Wednesday, August 12, 2026, which commenced at 04.00 P.M. IST and concluded at 05.30 P.M. IST, inter alia, considered and approved the following: Financial Results Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 along with Limited Review Report issued by M/s. Nisarg J Shah & Co., the Statutory Auditors of the Company. The said results along with copies of Limited Review Report for the quarter ended June 30, 2026 are attached and marked as Annexure – A. Re- appointment of Nominee Director Re- appointment of Mr. Jaimin Jagdishbhai Shah (DIN: 00021880) as a Nominee Director of the Company on behalf of Dev Information Technology Limited, subject to approval of members of the Company. The details as required under Regulations 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are attached and marked as Annexure – B. Alteration of Memorandum of Association and Articles of Association Alteration of main Object Clause of Memorandum of Association and Alteration of Articles of Association of the Company as per the provisions of the Companies Act, 2013, subject to approval of members of the Company. The details as required under Regulations 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are attached and marked as Annexure – C and D respectively. Employee Stock Option Plan Scheme a) Ratification of the pre-IPO ESOP Scheme - 'Dev Accelerator Limited Employee Stock Option Plan – 2023’, subject to approval of members of the Company. The Equity Shares of the Company were listed on the BSE Limited and National Stock Exchange of India Limited with effect from September 17, 2025. Pursuant to Regulation 12 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, any employee stock option scheme and the corresponding resolutions approved by the members prior to listing are required to be ratified by the members post-listing in order to remain valid and enforceable. Accordingly, in compliance with the said Regulation, the Board of Directors proposed the ratification of the “Dev Accelerator Limited Employee Stock Option Plan – 2023” for the consideration and approval of the members of the Company; b) Modifications in the ‘Dev Accelerator Limited Employee Stock Option Plan – 2023’, subject to approval of members of the Company. c) Extension of benefits of the amended ‘Dev Accelerator Limited Employee Stock Option Plan – 2023’ to the eligible employees of the Company’s group companies including subsidiary companies and associate companies, subject to approval of members of the Company. Giving loans or guarantees or providing security in connection with loan Giving loans or guarantees or providing security in connection with loan availed by Neddle and Thread Designs LLP (LLPIN: AAR-1928), a subsidiary of the Company, pursuant to Section 185 of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws, as amended from time to time, subject to approval of members of the Company. The Company shall make relevant disclosures in respect of giving loans or guarantees or providing security in connection with loan in accordance with Regulations 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Annual General Meeting The Notice convening the 6th Annual General Meeting (AGM) of the Company proposed to be held on Friday, September 25, 2026, at 01:00 P.M. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM), deemed to be held at the Registered Office of the Company. Further, in compliance with the provisions of SEBI Listing Regulations, the Companies Act, 2013 and Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India, the Notice convening the 6th AGM, along with the Annual Report for the Financial Year 2025-2026 will be sent to the Members of the Company and submitted to the Stock Exchanges in due course of time. The above information will also be available on the website of the Company viz. https://www.devx.work/investor-relations. Thanking you Yours faithfully, For Dev Accelerator Limited (Formerly known as Dev Accelerator Private Limited) Anjan Trivedi Company Secretary & Compliance Officer Encl: As above NISARG J. SHAH & CO CHARTEIHm ACCOL!NTA'ffS 3SF Ratnam, C.G. Road, Phone:07926462476 Ahmedabad: 380006 Email: info@njshah.com Independent Auditor's review report on Quarterly Unaudited Consolidated Financial Results of Dev Accelerator Limited Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Dev Accelerator Limited (Fo1merly known as Dev Accelerator Private limited) I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Dev Accelerator Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and associate entities for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting'' ("Ind ,A.S 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: Sr. No. Type of Holding Name I Subsidiary Neddie and Thread Designs LLP 2 Subsidiary Saas [Showing first 8,000 characters — download PDF for full document]