Intimation of Scrutinizers Report of Unsecured Creditors Meeting held on 09.08.2025 at 04.00 PM
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Awaiting price reaction for this filing.
Accel Limited conducted a meeting of unsecured creditors on August 9, 2025, as directed by NCLT Chennai, to seek approval for the scheme of amalgamation of Accel Media Ventures Limited (Transferor Company) into Accel Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. 10 unsecured creditors with a total outstanding amount of INR 1,09,25,618 voted in favor of the resolution, representing 100% of valid votes polled. No creditors voted against the resolution, while 2 votes were treated as invalid as the creditors did not appear on the list as of the cut-off date of December 31, 2024. The scrutinizer certified that the resolution was passed with the requisite majority by unsecured creditors.
This is a procedural step toward completing the amalgamation of Accel Media Ventures into Accel Limited. With 100% approval from unsecured creditors, the scheme now moves forward toward final NCLT sanction, after which the two entities will merge. This is an internal group restructuring and should not materially affect the share price, but it consolidates the business under one listed entity.