Dev Accelerator Ltd.

We are one of the largest flex space operators in terms of operational flex stock in Tier 2 markets (Source: JLL Report). Specializing in complete Built to Suit Managed Office Solutions for enterprises, we have established a presence across 15 submarkets in India across Tier 1 markets of Delhi NCR, Hyderabad, Mumbai, Pune and Tier 2 markets of Ahmedabad (including Gandhinagar), Indore, Jaipur, Udaipur, and Vadodara (Source: JLL Report). In addition to these, we also have an operational Centre in Rajkot. We commenced our operations in 2017 offering comprehensive office space solutions tailored to the needs of diverse businesses. We provide integrated services from sourcing office spaces, customizing designs, developing spaces and providing technology solutions to providing complete asset management. As on August 31, 2024, we service over 230 clients and have 25 Centers across 11 cities in India, with 12,691 seats covering a total area under management of 806,635 square feet. In addition, we have entered into signed letters of intent (“LOI”) with space owners for 3 additional Centers, including one international Center in Sydney, Australia, and have also entered into a lease deed for setting up a Center in Surat. These upcoming centers will have 11,500 seats aggregating to 897,341 sq. ft.

Projects

1. Project Name: Capital expenditure for fit-outs in the Proposed Centers

Project Cost: 879.1

2. Project Name: Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company

Project Cost: 400