Accel Approves Q1 FY2026 Results and Appoints New Secretarial Auditors Aug 14, 2025
Accel Secures Unanimous Shareholder Approval for Amalgamation with Accel Media Ventures Aug 11, 2025
More news about Accel
09Aug 25
Accel's Unsecured Creditors and Shareholders Approve Amalgamation with Accel Media Ventures
Accel held two crucial meetings on August 9, 2025, in Chennai to seek approval for a scheme of amalgamation with Accel Media Ventures. An unsecured creditors' meeting and an Extraordinary General Meeting (EGM) were conducted, both chaired by Justice (Rtd) Ilangovan G. The unsecured creditors approved the amalgamation scheme with the requisite majority. At the EGM, Managing Director N.R. Panicker addressed shareholders about the strategic rationale behind the proposed merger. Multiple voting options were provided, including remote e-voting and e-voting during the meeting. The consolidated voting results will be available within 48 hours of the meetings' conclusion.
29Jul 25
Accel Limited Issues Addendum to EGM Notice for Amalgamation Scheme
Accel Limited released an addendum to the EGM notice, providing additional information on the proposed amalgamation with Accel Media Ventures Limited. Key points include disputed claims of INR 671.32 lakhs, a SEBI penalty of INR 1.00 crore on promoter N R Panicker (stayed by SAT), and the transferor company's negative net worth of INR 8.01 crores. The EGM is scheduled for August 9, 2025, to seek shareholder approval for the amalgamation scheme.