Accel Ltd — Others, 07-07-2025: AGM/EGM

Accel Limited has announced a board meeting on [date TBD] to seek shareholders' approval for the Scheme of Amalgamation of its subsidiary, Accel Media Ventures Limited, into itself. The merger aims to consolidate operations, reduce legal and regulatory compliances, and leverage combined resources to enhance shareholder value. Post-merger, shareholders of the subsidiary (other than Accel Limited) will receive one equity share of Accel Limited for every two shares held in Accel Media Ventures. This consolidation will also help resolve liquidity issues faced by the subsidiary and optimize administrative costs. The scheme, approved by both companies’ boards, includes transfer of all assets, liabilities, contracts, and employees to Accel Limited, which will continue running the amalgamated business. Voting will be conducted via e-voting and at an Extraordinary General Meeting to consider this amalgamation. The Board has also approved the financial results for the quarter and half-year ending March 31, 2025, reporting standalone net profit of Rs. 26.44 Cr and earnings per share of Rs. 0.46. The company proposed a final dividend of Rs. 0.30 per equity share, subject to shareholder approval. The auditors issued a qualified opinion citing significant overdue loans to its subsidiary and impairment on investment in an associate, though management believes recoverability and valuation are not impaired. The merger is expected to streamline the corporate structure, deliver operational efficiency, and unlock value for stakeholders over the long term.