Slide 1: Regulation 30 disclosure cover letter
May 20, 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 Reg
Slide 2: Q4 FY26 Investor Presentation – Accelerating Innovation
Q4 FY26 Accelerating Innovation Dev Accelerator Ltd. I n v e s t o r P r e s e n t a t i o n | M a y 2 0 2 6
Slide 3: Disclaimer
Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of DEV ACCELERATOR LIMITED (“DEV ACCELERATOR”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connect
Slide 4: Agenda
Agenda 1. Company Overview 2. Business Overview 3. Operational Highlights 4. Financial Highlights 5. Way Forward
Slide 5: Company Overview
Company Overview
Slide 6: Financial Snapshot – FY26
FINA NC IA L PERFO RM A NC E Financial Snapshot – FY26 Standalone Highlights Revenue EBITDA Cash EBIT PBT* ₹171 Cr ₹103.5 Cr ₹36.5 Cr ₹10.2 Cr +34% YoY +36% YoY +113% YoY +922% YoY EBITDA Margin: 60.5% Margin: 21.4% Normalized PBT as per IGAAP - ₹ 20 Cr PBT positive for the past 2 years Consolidated
Slide 7: About Us
About Us Ind ia's Lead ing T ier - 2 Fl e xib l e W o rk sp a c e Pro v id e r 0.83* 28 13,304+ Mn Sq.ft. AUM Centers Total Seats 90.31% 12 335 12,015+ Occupancy Cities Clients Occupied Seats Peak Levels Pan-India Our Value Proposition Largest Tier-2 Footprint Enterprise Focus 65% Revenue 75-90 Day
Slide 8: What Sets DevX Apart
What Sets DevX Apart where growth, margins, cash flows and ROCE improve together Design with Purpose Innovation in Every Detail Better > Unique Build Beyond Boundaries Enterprise-led demand creates Capital discipline translates revenue durability scale into rising ROCE Focuses on long-term contracts
Slide 9: Business Overview
Business Overview
Slide 10: DevX Ecosystem
DevX Ecosystem 01 Create quality assets and accelerate transactions Pillar Development Management Asset Tokenization Fun Tech-led Ee@Zily s2epi Sourcing Capture Requirements Supply Owners & Developers Develop & Build Asset Enhance experience, productivity and decisions for occupiers .d Offices Gec S
Slide 11: Single Platform for GCC
Single Platform for GCC DEVX – CORE WORKSPACE NEEDLE & THREAD Managed office solutions for enterprises, GCCs & MNCs End-to-end interior fit-out for DevX & external clients ₹170.9Cr ~61.0% 3.5-5 yrs ~ 335 ₹52.3 Cr 7.2% ~ 60 10 Lacs Sq.ft. Revenue EBITDA % Avg Lease Clients Revenue EBITDA % Projects A
Slide 12: Managed Office Solutions
Managed Office Solutions (Including Co-working) Enterprise - g rad e private wo rk spac es with end - to - end servic es ₹151.63 Cr 67.12% ₹103.5Cr 90.3% FY26 Revenue Of Total Revenue EBITDA Occupancy ~29% YoY Core Offering 60.5% Margin Format Options Lease Structure Services Included • Private mana
Slide 13: Workspace Solutions
Workspace Solutions O ur Pl atfo rm co nnects Landl o rds, Cl ients and Vendo r Partners – Creating a Po werf ul Netwo rk Ef f ec t f o r A l l . Who we partner with…. Non-institutional Vendor Partners Landlords Access to assured footfalls One stop solution with and Projects guaranteed results Who w
Slide 14: Asset Procurement Strategy
Asset Procurement Strategy Fl exib l e M o d el s O ptimiz ing C apital Ef f ic ienc y & Risk M anag ement We leverage our network across key markets with multiple procurement models to balance growth, capital efficiency, and risk. Development Straight Lease Furnished by Landlord Revenue Share OpCo–
Slide 15: Structured Onboarding Approach
Structured Onboarding Approach Identification of Cities & Submarkets Search for Suitable Space Owners Signing of Definitive Agreements • Comprehensive research and analysis to assess the • Combination of direct sourcing and broker network • Negotiations focus on key commercial terms such viability o
Slide 16: Pan-India Presence with Peak Occupancy
Pan-India Presence with Peak Occupancy Present across 12 cities, with average overall occupancy levels of 90.31%+ ₹ Our Presence Tier & City wise % of Total Revenue – FY26 13,333 sq. ft. Udaipur 196 seats 36,948 sq. ft. Location % of Revenue Revenue Noida 753 seats Total Tier 1 28.37% 48.49 Gandhina
Slide 17: Operational Presence & Signed Pipeline
Operational Presence & Signed Pipeline As on 31st March 2026 3.52 Mn sq.ft 40 Centres 50,930 Seats 0.83 13,304 9 3 0.43 28 31,737 5,889 2.26 Operational Centres Under fit-out Signed Pipeline Operational Centres Under fit-out Signed Pipeline Operational Centres Under fit-out Signed Pipeline DevX Grou
Slide 18: Operational Highlights
Operational Highlights
Slide 19: Historical Key Operating KPIs
Historical Key Operating KPIs ₹ Particulars FY26 FY25 FY24 AUM in SBA (Mn Sq.ft.) 0.83 0.86 0.81 Number of Cities by AUM 12 11 11 Number of Centers by AUM 28 28 25 Active stock (Mn Sq.ft.) 0.83 0.86 0.86 Number of seats (under active stock) 13,304 13,759 12,543 Centres (under active stock) 28 25 25
Slide 20: Industry Overview
Industry Overview Ind ia Fl exib l e O f f ic e Spac e M ark et – A $1 1 .4 Bn O ppo rtunity b y 2 0 3 0 India Flexible Office Space Market $5.99 Bn ~13.7% CAGR $11.39 Bn 2025 5 Years 2030 Hybrid Work Cost Advantage Enterprise Demand GCCs driving 72% of flex seat absorption; projected Post-pandemic
Slide 21: Building Bharat
Building Bharat Ho w Tier - 2 Cities Are Reshaping India's Gro wth Map "India's growth is shifting beyond metros Tier-2 cities like Ahmedabad, Indore, Jaipur, Kochi, and Lucknow are emerging as new economic engines." 21% 5% → 20% 800K+ 10-35% Hiring Growth YoY GCC Share Skilled Professionals Lower C
Slide 22: Financial Highlights
Financial Highlights
Slide 23: Management Comment
Management Comment “FY26 has been an eventful year for us, marked with several major milestones. The year marked our first complete financial year as a listed company. Our Tier-2-focused strategy translated into measurable financial outcomes, deeper enterprise client commitments and the largest sing
Slide 24: Standalone Financial Metrics
Standalone Financial Metrics ₹ Q4 FY26 Revenue EBITDA* & EBITDA Margin Cash EBIT & Margin PBT & PBT Margin ₹ 14 ₹ 47 ₹ 28.4 ₹7 ₹ 10 -26.8% 14.4% 5.74% -2.38% 30.8% ₹ 27.7 2035.8% ₹ 44 63.9 % 21.3% -0.8% 59.02% -₹ 0.35 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 FY26 Revenue EBITD
Slide 25: Consolidated Financial Metrics
Consolidated Financial Metrics ₹ Q4 FY26 Revenue EBITDA* & EBITDA Margin Cash EBIT & Margin PBT & PBT Margin ₹ 65 ₹ 17 ₹ 33 ₹ 12 (9.4%) (11.04%) 3.64% ₹ 15 347.2% 19.7% ₹ 59 ₹ 31 25.5% 48.0% 25.0% ₹3 54.9% 4.0% Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 FY26 Revenue EBITDA* & EB
Slide 26: Segment-Wise Revenue Contribution
Segment-Wise Revenue Contribution Q4 FY26 Revenue - mix % FY26 Revenue - mix % 6.80% 3.15% 3.17% 2.47% 25.59% 29.80% 52.36% 0.97% 61.08% 6.04% 3.14% 5.42% Managed Space Services Co-working Space Managed Space Services Co-working Space Payroll Management Service Designing & Execution Payroll Manageme
Slide 27: Consolidated Income Statement
Consolidated Income Statement ₹ Particulars Q4 FY26 Q4 FY25 YoY % Q3 FY26 FY26 FY25 YoY % Revenue from operations 59.26 65.40 59.20 225.92 158.87 Other income 4.09 2.94 1.52 9.57 19.01 Total Income 63.35 68.35 -7.31% 60.72 235.49 177.89 32.38% Cost of Goods and Services 17.48 25.93 18.57 64.93 48.31
Slide 28: Standalone Income Statement
Standalone Income Statement ₹ FY26 FY25 Q4FY26 Particulars IndAS IndAS Adj IGAAP IndAS IndAS Adj IGAAP IndAS IndAS Adj IGAAP Revenue from Operation 170.91 170.91 127.26 127.26 43.50 43.50 Other Income 9.47 9.47 21.60 21.60 2.21 2.21 Expenses Cost of Goods and Services 30.31 30.31 24.87 24.87 5.98 5.
Slide 29: Consolidated Balance Sheet
Consolidated Balance sheet ₹ Particulars FY 2026 FY 2025 FY 2024 1. ASSET Non-Current Assets Property, plant and equipment 330.93 293.84 269.27 Other non-current assets 116.48 137.93 74.71 Total Non-Current Assets 447.41 431.77 343.98 Current Assets Inventories 0.03 Trade receivables 27.29 42.27 11.
Slide 30: Historical Financials
Historical Financials Revenue from Operations EBITDA Margin % Total Assets (Rs. Cr) (Rs. Cr.) 644 60% 226 540 51% 48% 418 159 108 FY 2024 FY 2025 FY 2026 FY 2024 FY 2025 FY 2026 FY 2024 FY 2025 FY 2026 ROCE % Debt-Equity (X) Occupancy Rate % 14% 3.51 90% 12% 89% 2.39 83% 5% 0.78 FY 2024 FY 2025 FY 2
Slide 31: Consolidated Income Statement
Consolidated Income Statement ₹ Particulars FY 2026 FY 2025 FY 2024 Revenue from operations 225.92 158.87 108.09 Other income 9.57 19.01 2.65 Total Income 235.49 177.89 110.73 Operational expenses 64.93 48.31 20.22 Employee benefit expenses 19.69 13.21 7.54 Finance costs 44.44 44.55 31.00 Depreciati
Slide 32: Way Forward
Way Forward
Slide 33: Way Forward
Way Forward Enhancing Client Offerings • One-stop solution for businesses setting up operations in India - Infrastructure, Interiors, Technology Enablement & Staffing Expansion into New & Existing Markets • Bespoke enterprise tech solutions: ERP integration, mobile • India's largest single managed o
Slide 34: Thank You
Thank You For more information please contact, DEV Accelerator Limited AdfactorsPR www.devx.work . Ms. Ashama Rajawat/ Mr. Shubham Sangle Ashama.Rajawat@adfactorspr.com Shubham.sangle@adfactorspr.com