Accel
14.88
-0.02(-0.13%)
Market Cap₹85.68 Cr
PE Ratio39.21
Company Performance:
1D-0.13%
1M-1.98%
6M-8.20%
1Y-32.52%
5Y+61.74%
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More news about Accel
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.
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.
Accel
14.88
-0.02
(-0.13%)
1 Year Returns:-32.52%
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