Dev Accelerator Limited Secures Funding via Debenture Trust Deed and Promoter Personal Guarantees
Dev Accelerator Limited has entered into a debenture trust deed with Catalyst Trusteeship Limited, which acts as the debenture trustee for the issuance of unsecured corporate debt. Concurrently, the company’s promoters have executed a Deed of Personal Guarantee to support the financial obligations arising from this debt structure.The agreement involves the private placement of up to 100,000 senior, listed, secured, rated, redeemable, non-cumulative, taxable, transferable, nonconvertible debentures. Each debenture has a face value of Rs. 10,000, aggregating up to Rs. 100 Crore.The personal guarantee was executed on July 31, 2026, by...