Accel Limited has disclosed a substantial acquisition by its promoter NR Panicker under SEBI regulations. The acquisition involves 8,500 equity shares purchased through open market transactions, demonstrating continued confidence by the company's promoter group.

Transaction Details

The share acquisition transaction presents the following key parameters:

Shareholding Changes

The acquisition has resulted in a marginal increase in the promoter's stake in the company. The shareholding comparison shows:

Company Share Capital Structure

Accel Limited's equity share capital structure remains stable following the transaction:

• Total Equity Shares: 5,75,72,401 shares
• Face Value: ₹2.00 per share
• Total Share Capital: ₹11,51,44,802.00

The company's total voting capital and diluted share capital both stand at 5,75,72,401 equity shares, indicating no outstanding convertible instruments or warrants.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary Vishnu S filed the necessary documentation with BSE Limited, ensuring full regulatory compliance. The promoter NR Panicker, residing in Chennai, submitted the required disclosure format directly to both the stock exchange and the company.

Market Implications

This open market acquisition by the promoter demonstrates continued commitment to the company. The transaction maintains the promoter's significant shareholding position while adhering to all regulatory disclosure requirements. The modest increase in shareholding percentage reflects steady confidence in the company's prospects without triggering any major regulatory thresholds.

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.