Outcome of Court Convened EGM of Accel Limited held on Saturday, 09.08.205 at 12.00PM.Kindly take note of the same.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Accel Limited held an Extra Ordinary General Meeting on 09 August 2025 at 12:10 PM in Chennai, convened pursuant to an order of the NCLT Chennai Bench. The meeting was presided over by Justice (Retd) Ilangovan G, appointed by NCLT, with Managing Director N. R. Panicker and other directors/KMPs in attendance. The only special business transacted was the approval of the scheme of amalgamation of Accel Media Ventures Limited (Transferor Company) with Accel Limited (Transferee Company). Voting was conducted through remote e-voting (6–8 August 2025) and e-voting during the meeting via NSDL platform, scrutinised by Adv. Raymond A appointed by NCLT. Detailed voting results will be disclosed separately within 48 working days. The Managing Director briefed shareholders on the business performance of both companies and explained the rationale for the merger.
Shareholders have been given the opportunity to vote on the proposed amalgamation of Accel Media Ventures into Accel Limited. The outcome of the vote will determine whether the scheme moves forward; if approved, the merger will consolidate operations and could simplify the group structure, but final NCLT sanction is still required.