Accel Limited's Share Allotment Committee, at its meeting held on May 4, 2026, approved the allotment of equity shares pursuant to the Scheme of Amalgamation of Accel Media Ventures Limited with and into Accel Limited. The scheme was sanctioned by the Hon'ble National Company Law Tribunal, Division Bench – II, Chennai, vide its Order dated March 10, 2026 in case numbers CP/CAA/60/(CHE)/2025 and CP/CAA/58/(CHE)/2025.

Share Allotment Details

The committee approved the allotment of 6,06,250 fully paid-up equity shares of face value ₹2/- each to eligible shareholders of Accel Media Ventures Limited who held shares as on the record date of May 1, 2026. The allotment was made in the ratio of 1 fully paid-up equity share of Accel Limited for every 2 fully paid-up equity shares held in Accel Media Ventures Limited.

Updated Capital Structure

Following the share allotment, the paid-up equity share capital of Accel Limited stands increased to ₹11,63,57,302/- divided into 5,81,78,651 fully paid-up equity shares having a face value of ₹2/- each. The newly allotted equity shares shall rank pari passu with the existing equity shares of the company and are proposed to be listed and traded on BSE Limited.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The merger scheme ensures regulatory compliance for the corporate restructuring between the transferor and transferee companies.

Accel Limited has announced the cessation of Mr. S.V. Rao as Whole-Time Director upon completion of his tenure on April 26, 2026. The company informed BSE Limited about this scheduled directorship change through a regulatory filing under SEBI Listing Regulations.

Director Tenure Details

Mr. Sunkari Venkateswara Rao, holding DIN 06600739, was appointed as Whole-Time Director for a three-year term through a postal ballot process. The company members approved his appointment with results declared on May 31, 2023, for the period commencing April 27, 2023, to April 26, 2026.

Regulatory Compliance

The cessation occurs due to the natural expiry of Mr. Rao's directorship tenure rather than resignation, removal, or other circumstances. Accel Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company filed the notification on April 26, 2026, providing comprehensive details as required under Schedule III of the SEBI Listing Regulations. Company Secretary Vishnu S signed the regulatory communication, ensuring compliance with the SEBI Circular dated July 13, 2023.

Cessation Process

Mr. S.V. Rao ceases to hold the position of Whole-Time Director with effect from the close of business hours on April 26, 2026. The cessation represents the completion of his approved three-year tenure without any premature termination or extension.

The company has maintained transparency by providing timely disclosure to BSE Limited, ensuring shareholders and market participants remain informed about this board composition change. This scheduled cessation allows Accel Limited to plan for any subsequent directorship appointments or board restructuring as deemed appropriate by the company's governance framework.