Intimation of Revised Scrutinizers Report on Court Convened EGM of Shareholders held on Saturday, 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 Court-Convened Extra Ordinary General Meeting held on Saturday, 09 August 2025, as directed by the NCLT Chennai Bench. The sole resolution was a Special Resolution to approve the Scheme of Amalgamation of Accel Media Ventures Limited (Transferor Company) with Accel Limited (Transferee Company). Out of 37,59,215 shares polled, 100% voted in favour of the resolution with zero votes against. The company had a total of 12,436 shareholders on the record date, and 46 equity shareholders were present at the meeting. The Scrutinizer certified that the resolution was passed with the requisite majority under Section 230-232 of the Companies Act, 2013.
The merger of Accel Media Ventures Limited into Accel Limited has been approved by shareholders with overwhelming support (100% in favour). This is a positive step towards consolidation, though the scheme still requires final NCLT sanction before it becomes effective. Existing shareholders should see minimal disruption as no share-based voting opposition was recorded.