Dev Accelerator will hold its 6th Annual General Meeting virtually. The company's Annual Report for FY25-26 is now accessible on its website, with web-links also being dispatched to members and debenture holders who haven't registered their emails.
DevX announced its Q1 FY27 results: Revenue at ₹53.8 Cr, EBITDA ₹30.3 Cr (56.3% margin). Spaces under management grew to 1.13 Mn sq ft. Raised ₹100 Cr debt to fund expansion.
Company engaged Churchgate Advisory Private Limited for Investor Relations Advisory Services. This move aims to enhance stakeholder communication.
DevX expands in Bengaluru, adding 1.11 lakh sq ft across two Grade A+ assets with Prestige Group. The expansion will add over 1,200 seats and is projected to generate ₹2.2 Cr monthly revenue.
DevX reports 34.3% YoY revenue growth for FY26, with standalone EBITDA margin at 60.5%. Secured 8.1 lakh sq. ft. under Development Management, adding ~₹100 Cr investment and potential ₹120 Cr revenue.
