DevX to Add 97,075 sq. ft. of Managed Workspace Capacity Across Ahmedabad and Kochi, Including a New Centre at Million Minds Tech City

12^th November 2026: Dev Accelerators Limited (“DevX” or the “Company”) (BSE: 544513 | NSE: DEVX), an enterprise-focused managed workspace platform with one of India's largest Tier-2 flex footprints and integrated design, technology and facility services, has entered into lease deeds for an additional 97,075 sq. ft. across Ahmedabad and Kochi. The expansion involves a planned investment of up to approximately Rs. 6 crores.

The capacity addition builds on the Company’s existing operational portfolio of 1.16 million sq. ft., with capacity utilisation of 91% as of September 30, 2026.

As part of its growth strategy, DevX continues to expand its managed workspace platform to support enterprise requirements and increase its operational capacity. The proposed additions will be undertaken in two phases:

•            Phase I: Ahmedabad: Addition of 84,000 sq. ft., including a new centre at M-ONE, Million Minds Tech City, within November 2026, with an investment of up to approximately Rs. 3 crores

•            Phase II: Kochi: Addition of 13,075 sq. ft. by February/March 2027, with an investment of up to approximately Rs. 3 crores

Launched in May 2026, the development is positioned as a destination for IT, ITeS and Global Capability Centre (GCC) occupiers and lies within the Ahmedabad–Gandhinagar–GIFT City corridor.

The Government of Gujarat has introduced the Gujarat IT/ITeS Policy (2022–27) and the Gujarat Global Capability Centre Policy (2025–30), which are intended to encourage IT, ITeS and GCC operations in the State. The Company believes this creates a supportive backdrop for enterprise demand for managed workspace in Ahmedabad.

At the Ahmedabad centre, DevX will offer customised managed workspaces supported by its integrated design, technology and facility services.

The proposed investments will be financed through a combination of internal accruals and debt. The additions form part of the Company’s continued focus on expanding operational capacity in line with business growth.

Commenting on the expansion plan, Mr. Umesh Uttamchandani, Managing Director, Dev Accelerator Limited said: “This expansion marks another step in scaling DevX’s managed workspace platform. With capacity utilisation at 91% as of September 2026, our focus is on adding capacity that supports business growth and meets the evolving requirements of enterprise customers. The Ahmedabad addition, at Million Minds Tech City, will expand our offering in the near term, followed by Kochi in the coming months. With Gujarat’s IT/ITeS and GCC policies encouraging technology operations in the State, we see Million Minds Tech City as a strong address for enterprises looking to establish or scale up in Ahmedabad. Our approach goes beyond adding space. We aim to provide enterprises with customised work environments supported by our integrated design, build and operating capabilities. As we expand, we remain focused on delivering a consistent customer experience and building long term enterprise relationships.”