Accel
13.14
+0.32(+2.50%)
Market Cap₹75.64 Cr
PE Ratio41.35
Company Performance:
1D+2.50%
1M+20.11%
6M-17.10%
1Y-26.55%
5Y-12.40%
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More news about Accel
13Nov 25
Accel Reports Mixed Q2 Results, Appoints New CFO Amid Ongoing Merger Proceedings
Accel announced Q2 FY2026 results with revenue at Rs 3,865.69 lakhs, down 10.64% QoQ, but net profit up 35.48% to Rs 121.32 lakhs. Half-year revenue reached Rs 7,845.62 lakhs with Rs 210.87 lakhs net profit. Rajesh K Nandhi resigned as CFO, replaced by Senthil R. Merger proceedings with subsidiary Accel Media Ventures Limited continue, with final hearing set for December 10, 2025. Auditors raised concerns over loan recoverability and investment valuation.
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31Oct 25
Accel Limited CFO Rajesh K Nandhi Steps Down, Citing Personal Reasons
Rajesh K Nandhi, CFO of Accel Limited, has resigned due to personal reasons, effective October 31, 2025. The company is actively seeking a replacement and has informed stock exchanges in compliance with SEBI regulations. Nandhi holds no shares in the company.
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27Oct 25
Accel and Prosus Forge Alliance to Boost Indian LeapTech Startups
Accel and Prosus have formed a strategic partnership to co-invest in early-stage Indian startups through an expanded Atoms X programme. The collaboration focuses on LeapTech companies, combining engineering and scientific breakthroughs to solve large-scale problems in India. Prosus will match Accel's investments in selected startups, providing continuous funding support from seed stage to scale. This partnership, Prosus's first of its kind globally, leverages Accel's expertise in nurturing early-stage startups and Prosus's patient capital and global reach.
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14Aug 25
Accel Approves Q1 FY2026 Results and Appoints New Secretarial Auditors
Accel's Board of Directors has approved the unaudited financial results for Q1 FY2026 ending June 30, 2025. The board also appointed J.M. Associates as Secretarial Auditors for a five-year term, subject to shareholder approval. The board meeting, held on August 13, 2025, lasted from 4:00 PM to 10:30 PM IST. Accel has submitted the necessary disclosures to BSE Limited in compliance with SEBI regulations.
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11Aug 25
Accel Secures Unanimous Shareholder Approval for Amalgamation with Accel Media Ventures
Accel's Extra Ordinary General Meeting (EGM) on August 9 saw unanimous shareholder approval for the amalgamation of Accel Media Ventures Limited with Accel. The special resolution received 100% approval with 37,58,327 votes in favor and none against. The EGM had 46 shareholders participating, including 4 promoters and 42 public shareholders. The amalgamation signifies a strategic move that could streamline operations and enhance synergies between the two entities.
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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.
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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.
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Accel
13.14
+0.32
(+2.50%)
1 Year Returns:-26.55%
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