Accel Limited has notified BSE Limited that the register of members and share transfer books will remain closed from September 22, 2026 to September 29, 2026 for its 40th Annual General Meeting.

The company issued the intimation on September 3, 2026 under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date is fixed at September 22, 2026. This closure period ensures that only shareholders on record during this window are eligible to participate in the meeting scheduled for September 29, 2026.

AGM Key Dates

The following schedule governs shareholder participation and remote e-voting:

Business to Be Transacted

The AGM notice, dated August 11, 2026, sets out the following ordinary business items:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, along with the Directors' and Auditors' Reports.
• Re-appointment of Mr. N. R. Panicker (DIN: 00236198), Chairman and Managing Director, who retires by rotation and is eligible for re-appointment.
• Appointment of M/s. Menon & Pai, Chartered Accountants (Firm Registration No. 008025S, Peer Review No. 025427) as Statutory Auditors for a term of five consecutive years, from the conclusion of the 40th AGM until the conclusion of the 45th AGM, in place of retiring auditors M/s. K. S. Aiyar & Co., Chartered Accountants, whose five-year term expires at the conclusion of this meeting.

E-Voting and Participation

In terms of Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (LODR) Regulations, 2015, the company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. Members whose names appear in the register of members or register of beneficial owners as on the cut-off date of September 22, 2026 are entitled to vote. Members who have cast their vote by remote e-voting may attend the AGM but shall not be entitled to vote again.

The AGM notice, Annual Report for FY 2025-26, and e-voting instructions are available on the company's website at www.accel-india.com and on NSDL's e-voting platform at www.evoting.nsdl.com . The notice forms part of the 40th Annual Report of the Company for FY 2025-26.

Dividend and Book Closure

The Board of Directors has not recommended any dividend for FY 2025-26. Accordingly, the Register of Members and Share Transfer Books need not be closed for dividend purposes, but the book closure clause is applicable for the AGM participation as per the new intimation.

Vishnu S, Company Secretary, signed the intimation letter addressed to the Manager, Corporate Relationship Department, BSE Limited, Mumbai.

Accel Limited reported a standalone net profit of ₹5.44 crore for the financial year ended March 31, 2026, a significant increase from ₹1.79 crore in FY25. The company’s revenue from operations grew marginally by 0.8% to ₹164.33 crore, while EBITDA contracted slightly to ₹16.03 crore.

The board did not recommend a dividend for FY26, choosing to conserve resources for business requirements. However, the company paid the previous year’s dividend of ₹0.30 per share during the period.

Financial Performance

The company’s top-line growth was driven by its IT services division, which remained broadly flat at ₹156.43 crore compared to ₹156.53 crore in the previous year. The Realty segment saw a sharper increase, with turnover rising 21.4% to ₹7.90 crore.

Despite the rise in net profit, operating margins faced pressure. The EBITDA margin stood at 5.0%, down from 7.33% in the prior year. Management attributed the profitability impact to the adoption of new labor codes towards the year-end, which resulted in exceptional items totaling ₹1.22 crore related to gratuity and compensated absences.

Segment Highlights

Over 70% of the company’s revenue continues to be driven by annuity-based services. Key segment performances included:

• IT Infrastructure Management Services (IMS) turnover rose to ₹66.79 crore from ₹64.06 crore.
• Warranty and Logistics Management Services (WLMS) grew to ₹46.05 crore from ₹44.15 crore.
• Managed Print Services (MPS) increased to ₹6.51 crore from ₹6.34 crore.

Cybersecurity and Systems Integration divisions performed below projections but established a strong footing for future revenues, contributing ₹3.72 crore and ₹1.86 crore respectively.

What the Numbers Show

The divergence between the sharp rise in net profit and the decline in EBITDA highlights a non-operational driver in the bottom line. While operational efficiency saw a slight dip with EBITDA falling 2.1%, the net profit surge was largely aided by a significant reduction in finance costs, which decreased by ₹1.30 crore to ₹6.53 crore. This suggests that the improved bottom line is primarily a result of lower interest expenses rather than core operational expansion.

Corporate Developments

During the year, Accel completed the amalgamation of its subsidiary, Accel Media Ventures Limited (AMVL), with the holding company following NCLT approval. The merger, effective from April 1, 2024, has been reflected in the restated financial statements. Additionally, Mr. S. V. Rao ceased to be Whole-Time Director in April 2026 after his appointment as an Additional Director was not ratified by members within the required timeframe.