Dev Accelerator Secures In-Principle Approval from NSE and BSE for Preferential Share Issue

Dev Accelerator Secures In-Principle Approval from NSE and BSE for Preferential Share Issue​

Dev Accelerator Limited, formerly known as Dev Accelerator Private Limited, has secured in-principle approvals from both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) concerning its planned preferential issue of equity shares. The approval pertains to an issuance involving both warrant conversions and dedicated preferential allotments.

The company received the necessary In-Principle approvals on June 9, 2026, from the NSE and BSE, enabling it to proceed with the capital raise as stipulated by the exchanges.

The approved issue structure varies across the two exchanges, reflecting specific tranches for warrant conversion and dedicated preferential allotments for non-promoters and promoters.

Key details of the In-Principle approvals granted by both stock exchanges are summarized below:


The In-Principle approval from the National Stock Exchange of India Limited granted consent for both the warrant conversion and preferential share issuance. Similarly, the BSE grant confirmed the in-principle status of the issuance structured for different shareholder categories at specific pricing tiers.

Dev Accelerator is now proceeding with the allotment of securities subsequent to these approvals, while noting that the successful listing of the shares remains subject to due compliance with all applicable guidelines and formalities.

DEVX Stock Price Movement​

Dev Accelerator Limited shares slipped by 0.25% in the post-market session today, settling at ₹36.62. The stock saw a traded volume of 40,885 shares during the close.