Accel Ltd — Others, 28-07-2025: AGM/EGM

Accel Limited has issued an addendum to its EGM notice for the proposed merger with Accel Media Ventures. Shareholders will vote on the amalgamation on August 9, 2025. The update includes details on approx. 7.5 Cr in outstanding legal and tax disputes against the company, plus a 1 Cr SEBI penalty on a promoter, currently under appeal. Accel Media Ventures, the target, had a negative net worth of about 5.99 Cr and FY24 revenue of 0.97 Cr. Post-merger, Accel Limited's pro-forma assets are estimated at 187.92 Cr and net worth at 40.08 Cr. The merger is anticipated to yield a 3.74 Cr tax benefit.