Accel and technology investor Prosus have announced a strategic partnership to co-invest in early-stage Indian startups through an expanded Atoms X programme. This collaboration aims to provide continuous funding support from seed stage to scale for selected startups, with a focus on LeapTech companies.

Key Highlights of the Partnership

• Target: LeapTech companies combining engineering and scientific breakthroughs to solve large-scale problems in India
• Investment Strategy: Prosus to match Accel's investments in selected startups
• Funding Continuity: Continuous support from seed stage to scale

Strengths of the Alliance

Significance of the Collaboration

This partnership marks Prosus's first collaboration of this kind globally, emphasizing the potential they see in the Indian startup ecosystem. The alliance is designed to support founders who are building solutions based on scientific and engineering principles, addressing challenges at India's scale.

The combination of Accel's expertise in early-stage startup development and Prosus's global reach and patient capital creates a support system for innovative Indian entrepreneurs. This strategic alliance has the potential to boost the growth of LeapTech startups in India, providing them with resources and guidance to scale their solutions.

As the Indian startup ecosystem evolves, collaborations between established venture capital firms and global technology investors could play a role in fostering innovation and driving technological advancements in the country.

Accel has announced significant corporate developments following its board meeting held on August 13, 2025. The company's Board of Directors convened to approve financial results and make key appointments, demonstrating its commitment to regulatory compliance and corporate governance.

Financial Results Approval

The Board of Directors of Accel has approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. This approval came upon the recommendation of the Audit Committee, adhering to Regulation 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment of Secretarial Auditors

In a move to strengthen its corporate governance framework, Accel's board has approved the appointment of J.M. Associates as the company's Secretarial Auditors. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key details of the appointment include:

• Term: Five consecutive years, from FY 2025-2026 to FY 2029-2030
• Firm Profile: J.M. Associates is a Chennai-based practicing company secretaries firm
• Expertise: Registered with the Institute of Company Secretaries of India (ICSI), providing advisory services under Companies Act 2013, SEBI regulations, FEMA, and other corporate laws

Board Meeting Details

The board meeting, which commenced at 4:00 PM (IST) and concluded at 10:30 PM (IST) on August 13, 2025, covered several important agenda items:

1. Approval of Q1 FY2026 financial results
2. Review of the Limited Review Report for the quarter ended June 30, 2025
3. Appointment of J.M. Associates as Secretarial Auditors

Regulatory Compliance

Accel has emphasized its commitment to regulatory compliance by promptly disclosing these developments to the BSE Limited, in line with Regulations 30 and 33 of the SEBI Listing Regulations. The company has submitted detailed annexures, including the financial results and the Limited Review Report, to the stock exchange.

The appointment of J.M. Associates as Secretarial Auditors reflects Accel's focus on maintaining high standards of corporate governance and ensuring compliance with regulatory requirements. As the company moves forward, shareholders will have the opportunity to ratify this appointment at the forthcoming Annual General Meeting.

Investors and stakeholders can expect further details on the company's financial performance once the Q1 FY2026 results are made public.