Accel Limited has announced the incorporation of a wholly owned subsidiary following board approval on March 31, 2026. The new entity, named Infinium Techparks Private Limited, will focus on technology parks development and real estate activities, marking a strategic expansion into the real estate and technology infrastructure sector.

Board Meeting Details

The Board of Directors meeting commenced at 12:00 P.M. (IST) and concluded at 01:15 P.M. (IST) on March 31, 2026. The board exercised powers conferred under the Companies Act, 2013, to approve the incorporation of the wholly owned subsidiary.

Subsidiary Company Overview

Business Activities and Scope

The proposed subsidiary will engage in comprehensive real estate and technology infrastructure development activities. The company's business scope includes:

• Development, acquisition, ownership, operation, leasing and management of technology parks
• IT/ITES campuses and data centres development
• Co-working spaces and related built-up infrastructure
• Real estate activities including purchase, sale, lease, development and management of immovable properties
• All ancillary and incidental activities in connection with the above operations

Financial Investment Details

Regulatory Compliance

The incorporation has been approved in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no specific governmental or regulatory approvals are required for the incorporation process. The disclosure follows SEBI Master Circular guidelines dated November 11, 2024, and December 31, 2024.

This strategic move positions Accel Limited to capitalize on opportunities in the technology parks and real estate development sector through its dedicated subsidiary focused on modern infrastructure development.

Aczel Limited has secured a significant victory in its tax appeal, receiving a favorable order from the Income Tax Appellate Authority that will provide substantial financial relief to the company. The ruling pertains to Assessment Year 2018-19 and involves the allowance of Long Term Capital Loss set-off against capital gains.

Appellate Order Details

The Office of the Commissioner of Income Tax (Appeal), ADDL/JCIT (A)-5, Mumbai, passed an order under Section 250 of the Income Tax Act, 1961, dated March 13, 2026, in favor of the company. The order allows the appeal filed by Aczel Limited and deletes the disputed addition made by the Assessing Officer.

Nature of Tax Dispute

The original issue arose when the Assessing Officer (CPC) had disallowed the set-off of Long Term Capital Loss against Long Term Capital Gains in the intimation under Section 143(1) for AY 2018-19. The CPC treated the nil consideration as a mismatch in Schedule CG, leading to the disallowance of the capital loss set-off.

Financial Impact

The favorable order has a positive impact on the company's financials. The disputed addition of ₹7,38,33,247 has been completely deleted, resulting in an approximate tax benefit of ₹1.63 crores, calculated at LTCG rate of 20% plus applicable surcharge and cess. Importantly, no penalty or interest is involved in this order.

Regulatory Compliance

The company has disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as required for material events that could impact the listed entity. The disclosure was made on March 13, 2026, the same date as receiving the appellate order.