Accel Ltd — Updates, 29-07-2025: Company Update

Accel Limited has issued an addendum to its Extra Ordinary General Meeting notice for the proposed merger with Accel Media Ventures Limited, scheduled for August 9, 2025. The addendum provides crucial missing financial and operational details for shareholder review. It clarifies disputed claims against the company totaling ₹6.71 Cr and a ₹1 Cr SEBI penalty against a promoter, currently stayed. For Accel Media Ventures, FY25 figures show ₹0.96 Cr total income and a ₹0.86 Cr net loss, with a negative ₹8.01 Cr net worth. The proforma post-merger balance sheet reveals total assets of ₹187.92 Cr and total equity of ₹63.71 Cr. A potential tax benefit of ₹3.74 Cr from the merger is also highlighted. This information is vital for shareholders to assess the merger's implications.