Intimation of Revised Scrutinizers Report for the Court Convened EGM of Shareholders dated 09.08.2025 at the registered office of the Company.
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Accel Limited has filed a revised scrutinizer's report for the Extra Ordinary General Meeting (EGM) held on August 9, 2025, which was convened as per the directions of the National Company Law Tribunal (NCLT), Chennai Bench. The EGM was held to seek shareholder approval for the scheme of amalgamation of Accel Media Ventures Limited (Transferor Company) with Accel Limited (Transferee Company). The earlier report dated August 11, 2025 contained clerical errors and has been corrected. Out of 12,436 total shareholders, 46 equity shareholders attended the meeting (after an initial adjournment of 30 minutes due to lack of quorum). All valid votes cast — 4,47,69,876 shares in total (with 37,59,215 shares from public shareholders) — were in favor of the resolution, with zero votes against. Promoters and promoter group did not cast any votes. The resolution was declared passed with the requisite majority under Section 230-232 of the Companies Act, 2013.
This is a positive step for Accel Limited — the amalgamation scheme has cleared the shareholder approval stage with 100% of votes in favor, subject to final NCLT sanction. Once approved by the tribunal, the merger of Accel Media Ventures with Accel Limited will be completed, simplifying the group structure. The revision was purely to fix clerical errors and does not change the outcome of the vote.