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Accel Limited has announced a meeting of unsecured creditors to consider and approve a Scheme of Amalgamation involving its wholly owned subsidiary, Accel Media Ventures Limited (AMVL). The scheme proposes merging AMVL's business, which includes media content production, IT and media education (Accel Academy), and digital content (Accel TV), into Accel Limited, the listed parent company. The merger aims to consolidate operations, optimize resources, reduce overheads, streamline legal compliances, and leverage combined IP and managerial expertise to enhance shareholder value and improve financial stability. Under the scheme, shareholders of AMVL (excluding Accel Limited) will receive one equity share of Accel Limited (face value INR 2) for every two AMVL shares (face value INR 10). The merger is expected to address AMVL’s current liquidity issues and generate tax benefits. The transfer of assets, liabilities, employees, contracts, and licenses to Accel Limited will be effective from April 1, 2024. Post-merger, AMVL will dissolve without winding up. The Board of Directors of both companies supports the scheme, and a fairness opinion has confirmed that the share exchange ratio is fair from a financial perspective. The meeting will be chaired by a retired High Court judge, with scrutinizers appointed to oversee voting.