Accel has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance across its business segments. The company also disclosed significant leadership changes and ongoing merger proceedings with its subsidiary.

Financial Performance

For the quarter ended September 30, 2025, Accel reported standalone revenue from operations of Rs 3,865.69 lakhs, compared to Rs 4,326.00 lakhs in the previous quarter. The company's net profit for the quarter stood at Rs 121.32 lakhs, up from Rs 89.55 lakhs in the prior quarter.

Here's a breakdown of the company's financial performance:

For the half-year ended September 30, 2025, Accel's revenue reached Rs 7,845.62 lakhs with a net profit of Rs 210.87 lakhs.

Segment Performance

Accel operates through three segments: Realty, IT Services, and Media Services. The IT Services segment continues to be the primary revenue driver for the company.

Leadership Changes

In a significant development, Rajesh K Nandhi has resigned as Chief Financial Officer of Accel, effective October 31, 2025, citing personal reasons. The Board has appointed Senthil R, previously serving as General Manager-Finance, as the new CFO with immediate effect. Senthil R brings over 15 years of experience in finance, accounts, and compliance across various verticals to his new role.

Ongoing Merger Proceedings

The company disclosed that merger proceedings with its subsidiary, Accel Media Ventures Limited, are ongoing. The final hearing for this merger is scheduled for December 10, 2025. This merger, if approved, could potentially streamline operations and create synergies within the group.

Auditor's Qualifications

The company's auditors have raised qualifications regarding two key issues:

1. Loan recoverability from subsidiaries amounting to Rs 680.02 lakhs.
2. Investment valuation concerns related to an associate company.

These qualifications highlight potential areas of financial risk that investors and stakeholders should monitor closely.

Outlook

While Accel has shown improvement in its quarterly net profit, the decline in revenue and ongoing corporate restructuring present both challenges and opportunities. The appointment of a new CFO and the pending merger with its subsidiary could potentially lead to improved financial management and operational efficiencies in the future.

Investors and stakeholders should keep a close eye on the outcome of the merger proceedings and the company's ability to address the auditor's qualifications in the coming quarters.

Accel Limited , a prominent player in the Indian market, has announced a significant change in its top management. Rajesh K Nandhi, the company's Chief Financial Officer (CFO), has tendered his resignation due to personal reasons. This development marks a notable shift in the company's financial leadership.

Key Details of the Resignation

Company's Response and Next Steps

Accel Limited has officially communicated this change to the stock exchanges, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that it is actively engaged in the process of identifying a suitable replacement for the CFO position.

Implications and Outlook

The departure of a key executive like the CFO can often have implications for a company's financial strategy and operations. Accel Limited appears to be taking proactive steps to ensure a smooth transition. The company's prompt disclosure and initiation of the replacement process demonstrate its commitment to maintaining financial leadership and transparency with its stakeholders.

As the search for a new CFO progresses, investors and market analysts will likely keep a close watch on Accel Limited's financial management and any potential impacts on the company's strategic direction.

Leadership changes, while sometimes challenging, can also bring fresh perspectives and new opportunities for organizational growth. As Accel Limited navigates this transition, the market will be keen to see how the company maintains its financial stability and pursues its strategic objectives under new financial leadership.

The company has not provided any further details about potential candidates for the CFO position or a timeline for the appointment of Nandhi's successor. Stakeholders can expect further updates from Accel Limited as the situation develops.