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July 08, 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: Monthly Newsletter – June 2026 Edition A Monthly Newsletter of June 2026 edition issued by the Company is attached. 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 View in browser June'26 The DevX Six months in: the wins, the numbers, and where Signal the CRE is going. From the Desk Dear Shareholders, Halfway through the year is a good time to pause. The market has quietly made up its mind about something. For years, our industry counted one thing: supply. How much was built. How much was leased. How much was left. Those numbers still get reported. But they no longer tell the real story. Today, two buildings on the same road can live in two different markets. One stays full. It holds its rent. It has a waiting list. The other negotiates. The difference is rarely the address. It is what happens inside. The light, the air, the upkeep. The person who answers when something breaks. There is a phrase for this now: the flight to quality. What it really means is that the details finally matter. People have stopped renting square feet and started choosing how their days feel. And that is exactly the kind of workspace we love building. Designed with details, designed with care. Lalit Nagrani Head of Design Big News DevX wins big at DevX adds two Crafting Bharat 2026 premium Blr offices DevX was honoured with the Our Bengaluru presence just went Excellence in Co-working Startup of big. DevX has opened 1.11 lakh sq ft the Year award at the Crafting across two premium Prestige Group Bharat Business Conclave & Awards addresses on the ORR corridor, 2026. An honour that reflects the adding 1,200+ seats in India's trust our clients and partners place largest & most competitive office in what we are building. market. Two landmark homes, one flagship market. Read The Full Story More on Our Socials MARKET WATCH One Office Market Is Emptying. The Other Is Setting Records The global office market is telling two very different stories right now. In the United States, office vacancy crossed 20% in 2024. That is the highest on record. It has stayed near that level since. Older towers in New York, Chicago, and San Francisco are struggling to fill up again. (Moody's Analytics) India is moving in the opposite direction. Gross office leasing hit a record 79.0 million sq. ft. in 2024. It rose again to 82.6 million sq. ft. in 2025, setting a new all-time high. The pace has continued into 2026, with 45.5 million sq. ft. leased in the first half of the year alone, the strongest first half ever recorded. (CBRE) The numbers point in opposite directions. The underlying trend does not. Across both markets, demand is concentrating in the best buildings. Companies want newer offices with better amenities, stronger sustainability credentials and locations that help attract employees back to the workplace. Older, undifferentiated buildings are losing pricing power and, in many cases, tenants. The office is becoming a premium product. The gap between great buildings and average ones is widening, and that gap is now defining the market. Read the full CBRE report → Did You Know? Since 2021, about three out of four square feet of new office space taken in India has been in green-certified buildings. (JLL) INDUSTRY WATCH How to Invest in an Office Without Buying India has introduced a new way to invest in office buildings called SM REITs Small and Medium Real Estate Investment Trusts). Instead of buying a whole property, investors can now invest in small, listed units backed by income-generating office buildings. In return, they receive a share of the rental income these properties earn. The minimum investment is around ₹10 lakh, so it is aimed at serious individual investors and institutions, not casual retail investors. The system is still at an early stage in 2026, but it expands how office real estate can be owned and financed in India, bringing more properties into the formal investment market. Why does this matter? According to CBRE, more than 500 million sq. ft. of office, retail and logistics assets in India could eventually come under the SM REIT framework, representing a potential market of over US$75 billion. For India's office market, this marks the next step in making commercial real estate more accessible and transparent. More about SM REITs here CXO CORNER Real Estate's New Advantage Isn't the Building There is an old belief in real estate. The asset is the advantage. Own the right building, in the right location, and the rest takes care of itself. That belief is losing. Look at any Indian metro today. Grade A supply is no longer scarce. Good locations have five good buildings, not one. The marble and the glass look the same everywhere. If everyone can build it, it is not an advantage. What cannot be copied is the operation. Whether the internet holds during a client call. Whether the meeting room is ready at 9 am. Whether the front desk knows your name. None of it shows up in a brochure. All of it shows up in renewals. This is where the managed office model quietly wins. We do not just hand over space. We run it, every single day. Our product is not the building. It is the experience of working inside it. Occupiers understand this. They are no longer choosing between buildings. They are choosing between operators. And that is a race that rewards care, not just capital. Rushit Shah Whole-time Director Dev Accelerator Limited WELCOME ABOARD A Warm Welcome to Our Newest Clients Every new office marks more than a business milestone. It marks fresh ideas, growing teams, and the excitement of stepping into a new chapter. This month, two such journeys found a home at DevX. We welcomed Tatvic and Walter P Moore to our DevX Capital One, Ahmedabad centre. While Tatvic continues helping businesses turn data into meaningful decisions, Walter P Moore brings its engineering expertise to solving complex challenges for the built environment worldwide. Two companies, two new beginnings, one shared belief: that the right workspace creates the foundation for teams to do their best work. Events at DevX AU Bank Event, DevX Udaipur DevX Udaipur hosted an AU Bank engagement this month, an afternoon that brought trusted financial expertise directly to our community. Coworkers explored exclusive insurance and investment plans, sat down with advisors for on-site consultations, and gained practical financial awareness, all within their own workspace. Grateful to AU Bank for a valuable and lasting partnership. International Yoga Day Event, DevX Rajkot DevX Rajkot marked International Yoga Day this month with a Chair Yoga session in partnership with Nisha's Yoga Studio, an evening that brought our community together to pause, breathe, and reset. For a while, laptops closed and shoulders relaxed as our community moved through a session designed to ease tension and restore focus. Grateful to Nisha's Yoga Studio for a refreshing collaboration. Art of Living, DevX Udaipur DevX Udaipur marked International Yoga Day this month with a session led by The Art of Living, an experience that brought our community together to breathe, move, and reset. Blending gentle yoga with mindful breathwork, the session offered a quiet pause from the workday and a moment to recentre. Proof that a few quiet minutes can change the whole day. What weʼre reading this week Colliers' "Global Investor Outlook 2026" India Residential Market Outlook 2026 De [Showing first 8,000 characters — download PDF for full document]