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.

Accel has announced the results of its Extra Ordinary General Meeting (EGM) held on August 9, revealing unanimous shareholder approval for a significant corporate restructuring initiative.

Key Highlights

• The EGM saw participation from 46 shareholders, including 4 promoters and 42 public shareholders.
• A special resolution for the amalgamation of Accel Media Ventures Limited with Accel received 100% approval.
• The resolution garnered 37,58,327 votes in favor, with zero votes against.
• Voting methods included remote e-voting, e-voting at the EGM, and ballot paper.

Shareholder Participation and Voting Details

The EGM, which took place at the company's registered office, saw a turnout of 46 shareholders out of a total of 12,436 shareholders on the record date. Notably, no shareholders attended through video conferencing, highlighting the in-person nature of the meeting.

The voting results, as scrutinized by Mr. F. Raymond Albyness, an advocate appointed by the National Company Law Tribunal (NCLT), Chennai, showed strong support for the proposed amalgamation:

Implications of the Amalgamation

The unanimous approval for the amalgamation of Accel Media Ventures Limited with Accel signifies a strategic move that could potentially streamline operations and enhance synergies between the two entities. While specific details of the amalgamation scheme were not provided, such corporate actions often aim to improve operational efficiency, reduce costs, and create a stronger combined entity.

Regulatory Compliance

Accel has adhered to the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company promptly filed the voting results and the scrutinizer's report with the BSE Limited, demonstrating its commitment to transparency and corporate governance.

Looking Ahead

With shareholder approval secured, Accel is now poised to move forward with the amalgamation process, subject to other regulatory approvals. Investors and stakeholders will likely be keen to observe how this corporate restructuring impacts the company's future performance and market position.

As the amalgamation process unfolds, market participants will be watching closely for any updates on the integration timeline, potential synergies, and the strategic vision for the combined entity in the evolving business landscape.