Press Release

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 – Press Release 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 Q1 FY27 Press Release on the unaudited 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 Q1 FY27 Press Release Q1 FY27 Revenue from Operations of Rs. 53.8 Cr Q1 FY27 EBITDA of Rs. 30.3 Cr with margins of 56.3% 1.13 Mn SBA with 15,899 Occupied Seats Ahmedabad, 13th August 2026:Dev AcceleratorsLimited (“DevX” or the “Company”) (BSE: 544513 | NSE: DEVX), amongst the largest flex space operators in Tier-1 and Tier-2 cities, offering managed and co-working spaces, along with design & execution, payroll & facility management, and IT/ITeSservices, has announced its unaudited consolidated financial results for the quarter ending 30th June2026. Q1 FY27 Financial Performance: Rs. Crore Q1 FY27 Q1 FY26 Y-o-Y (%) Q4 FY26 Q-o-Q (%) Revenue fromOperations 53.8 55.6 (3.3)% 59.3 (9.3)% EBITDA 30.3 26.4 14.7% 32.5 (6.9)% Margin% 56.3% 47.4% 886 bps 54.9% 141 bps PBT 1.6 0.9 66.5% 10.5 (85.0)% Margin% 2.8% 1.7% 112 bps 16.6% nm PAT 1.5 0.1 nm 8.0 (81.1)% Margin% 2.7% 0.2% 241 bps 12.6% (992) bps Q1 FY27 Revenue Contribution: Q1 FY27 Press Release Commenting on the performance Mr. Parth Shah, Chairman said: 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 thesameperiodlast 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 customisedandtechnology-enabledworkspaces. 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, 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 media organisation will also provide access to a wider innovation networkandhelp identifyscalable technology solutions. 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 and resources in place, the Company remains focused on converting these initiatives into commercially viable business propositions while expanding its presence across identified marketsandimprovingutilisation acrossits portfolio. We have also raised Rs. 100 crore through non-convertible debt, further diversifying our sources of capital and providing 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%toapproximately37.29%. 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 sustained demand from corporates and Global Capability centers, Dev Accelerator remains focused on adding 2.31 Mn sq ft in the pipeline, in addition to the 0.19 Mn sq ft under fitout,takingthetotalto3.63MnsqftbyFY29.” Q1 FY27 Press Release Our Platform Connects Landlords, Clients and Vendor Partners –Creating a Powerful Network Effect for All Q1 FY27 Press Release Q1 FY27 Earnings Conference Call Conference Call Details: Thursday August 13, 2026, at 4:00 PM IST DiamondPass ClickHere Universal Access +912262801106|+912271158007 Number The number listed above is universally accessible from all networks and all countries. TollFreeNumber HK:800964448|SG:8001012045 About DevAccelerators Limited: Dev Accelerator Limited is an enterprise-focused, full-solution managed workspace platform and has been recognised among the “India’s Fastest-Growing Companies 2026” by Hurun India. The company designs, builds, and operates custom offices end-to-end covering site selection, bespoke fit-outs, technology integration, and facility management under a single SLA. With one of India’s largest Tier-2 footprints by operational flex stock, DevX serves enterprises, startups, and global corporations with collaborative, customizable work environments across the country. The company operates 28 centres across multiple Indian cities with over 17,000 seats and 1.2 million sq. ft. under management. This is complemented by design-and- build and allied servicesthatensurefasthandovers and consistentstandards For Further Information Please contact: www.devx.work Simran Malhotra / Mohammed Petiwala +91 70414 82004 Contact: +91 99454 72589 investor.relations@devx.work devx@churchgatepartners.com Disclaimer: Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward- looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements toreflectactualresults,changedassumptionsorother factors Registered Address: The First Commercial Complex, Behind KeshavbaugParty Plot, Vastrapur, Ahmedabad, Gujarat –380015