Investor Presentation

August 13, 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: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investor Presentation 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 the investor presentation on the financial results (standalone and consolidated) of the Company for the quarter ended June 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 (Formerly Known as Dev Accelerator Private Limited) Anjan Trivedi Company Secretary & Compliance Officer Encl: As above (BSE: 544513 | NSE: DEVX) Q1 FY27 Earnings Presentation August 2026 DevX: Business Overview Our Platform Connects Landlords, Clients and Vendor Partners – Creating a Powerful Network Effect for All Who We Partner With 12 8 1.13 Mn Sq. ft. Udaipur Noida Non-institutional Landlords Vendor Partners 2 7 27 Gandhinagar Jaipur One stop solution with Access to assuredfootfalls Centers guaranteed results and projects Ahmedabad Clients 10 17,294 Rajkot Seats Who We Serve 3 11 91.9% Vadodara Indore Occupancy Enterprise Clients Client Employees Flexible, efficient offices in Access to world class 3.5 Yrs Surat Hyderabad just75-90 days amenities Avg. Client Tenure 2.3 Yrs Mumbai Pune Avg. Lockin Tenure By Sq. ft. Tier 1 Tier 2 Managed Office Space Design & Build Rs. 226 Cr Rs. 109 Cr Rs. 9 Cr 14% Rs 89 Cr Development GCC FY26 Revenue FY26 EBITDA FY26 PAT FY26 ROCE FY26 Net Debt Management Consolidated Financial Metrics (IND AS) Rs Cr Revenue EBITDA and Margin % 47.4% 54.9% 56.3% (3.3)% +14.7% 59.3 32.5 30.3 55.6 26.4 53.8 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 23.2% 34.7% 27.4% 1.7% 16.6% 2.8% +17.9% +66.5% 22.0 10.5 15.6 13.2 Q1 FY26 Q4 FY26 Q1 FY27 Margin % Q1 FY26 Q4 FY26 Q1 FY27 Note: EBITDA excludes Other Income; PBT after Exceptional Items and Share of Profit / (Loss) of Associates 2 Consolidated Financial Metrics (IGAAP) Rs Cr Revenue EBITDA and Margin % 18.1% 25.2% 23.2% (3.3)% +24.0% 59.3 55.6 14.9 12.5 53.8 10.0 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIT and Margin % PBT and Margin % 16.4% 26.5% 22.7% 7.6% 19.1% 12.5% +37.9% +64.9% 16.8 12.1 12.9 9.3 7.1 Q1 FY26 Q4 FY26 Q1 FY27 Margin % Q1 FY26 Q4 FY26 Q1 FY27 Note: EBITDA excludes Other Income; PBT after Exceptional Items and Share of Profit / (Loss) of Associates 3 Chairman’s Message Dev Accelerator delivered a steady performance during the quarter, supported by continued demand for managed office spaces from enterprise clients in our core markets. The Company reported Revenue from Operations of Rs. 53.8 Cr crore compared to Rs. 55.6 crore in Q1 FY26. EBITDA was at Rs. 30.3 crore with a growth of 14.7% YoY and PAT of Rs. 1.5 crore, a growth of 15x compared to the same period last year. The Company currently operates 27 centers across 12 tier 1 and tier 2 cities in India. The total managed office space increased to 1.13 Mn sq. ft., a growth of 31.4% YoY and with an overall occupancy of 91.9%. Enterprise clients continued to account for the majority of the Company’s Revenues, with increasing demand for highly customised and technology-enabled workspaces. Mr. Parth Shah We continue to develop a technology-led real estate ecosystem through the AI Infrastructure Launchpad, which invites AI and PropTech innovators to develop solutions aimed at improving operational efficiency, automating processes, Chairman and Wholetime Director enhancing customer experience and enabling data-driven decision-making. Recent building tokenisation initiatives and access to global capital are expected to support expansion plans in this area. The partnership with a leading pan-India Rs. 53.8 Cr media organisation will also provide access to a wider innovation network and help identify scalable technology solutions. Q1 FY27 Revenue Dev Accelerator is also leveraging its investment in Eezily to gain access to broker networks, real estate market intelligence and demand insights, creating synergies between AI, data and its operating platform. With dedicated teams Rs. 30.3 Cr and resources in place, the Company remains focused on converting these initiatives into commercially viable business Q1 FY27 EBITDA propositions while expanding its presence across identified markets and improving utilisation across its portfolio. We have also raised Rs. 100 crore through non-convertible debt, further diversifying our sources of capital and providing Rs. 1.6 Cr additional resources to support our planned expansion. Further, upon conversion of the recently issued preferential warrants, the promoter shareholding is expected to increase from the current 36.81% to approximately 37.29%. Q1 FY27 PBT With its continued focus on expanding its presence across Tier 1 and Tier 2 cities, the Company is improving occupancy rates across recently operationalised centers and maintaining disciplined execution of its expansion plans. With 2.36x sustained demand from corporates and Global Capability centers, Dev Accelerator remains focused on adding 2.38 Mn sq ft in the pipeline, in addition to the 0.11 Mn sq ft under fit out, taking the total to 3.62 Mn sq ft by FY29.” Q1 FY27 Revenue / Rent Operating KPIs Operating KPIs Units Q1 FY27 Q1 FY26 Q4FY26 Total Super Built up Area (SBA) Mn Sq. ft. 1.13 0.86 0.89 Mature Centers1 SBA Mn Sq. ft. 0.79 0.58 0.58 Cities No. 12 11 12 Managed Office Centers No. 27 28 28 Operational Seats No. 17,294 14,144 13,304 Occupied Seats No. 15,899 12,534 12,019 Occupancy % 91.9 88.6 90.3 Mature Center Occupancy % 69.8 62.9 70.4 Revenue to Rent Ratio2 x 2.36 2.38 2.28 Brokerage % Revenue from Operations % 1.8 1.1 1.4 Enterprise Client % Revenue from Operations % 70 52 55 1 Mature Centers are office centers operating at a 100% occupancy 2 Previously reported as ‘Rent to Revenue’; underlying metric remains unchanged 5 Consolidated Capital Structure Gross Debt / Equity (x) (Rs Cr) FY25 FY26 Q1 FY27 2.39 Long Term Debt 99 81 88 0.78 0.66 Short Term Debt 32 64 46 FY 25 FY26 Q1 FY27 Net Debt / Equity (x) Gross Debt 131 145 135 2.32 Less: Cash and Cash Equivalents 3 55 54 0.48 0.40 Net Debt / (Cash) 127 89 81 FY 25 FY26 Q1 FY27 Credit Rating Net Debt / EBITDA (IGAAP) (x) 5.90 ACUITE BBB Stable Outlook 2.10 1.04 Long Term Borrowings FY 25 FY26 Q1 FY27 Q1 FY27 Revenue Contribution By Segment By State By Tier 2% 3% 6% 26% Q1 FY27 Q1 FY27 Q1 FY27 Rs. 53.8 Cr Rs. 53.8 Cr Rs. 53.8 Cr 66% 66% Managed Space Services Gujarat Designing & Execution Maharashtra Co-Working Space Telangana Tier 1 Tier 2 IT/ ITES Services Rajasthan Payroll Management Services Uttar Pradesh Facility Management & Other Services Madhya Pradesh Revenue Contribution: By Segment (Consolidated), By State (Standalone), By Tier (Standalone) Core Workspace: Managed Space Services, Co-working Space, Payroll Management Services and Facility Management Services; Neddle & Thread: Designing & Execution; SaaSJoy: IT / ITES Services 7 Q1 FY27 Core Workspace Customer Profiles By Industry By Geography By Usage 2% 1% 10% 2% e 26% s 14% 388 388 388 C Customers 44% Customers Customers N 74% IT and ITES Consulting Services Gujarat Maharashtra Real Estate Manufacturing Rajasthan Uttar Pradesh Co-working Space Managed Space Others Telangana Madhya Pradesh 4% 7% 1% s 8% t a 6% 4% e 11% 15,899 15,899 15,899 u Seats Seats Seats Single Delivery Platform for GCC (1/2) Managed Office Space + Design & Build (18%) Development Management (80%) End to End Interior Fit-Out Solutions Man [Showing first 8,000 characters — download PDF for full document]