Pursuant to Regulation 30 of SEBI(LODR) Regulations 2015, we wish to inform you that we have received the copy of the order passed by Hon''ble NCLT, Chennai on 10-03-2026, received today, ....
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The NCLT Chennai Bench has approved the Scheme of Amalgamation between Accel Media Ventures Limited (Transferor) and Accel Limited (Transferee) via order dated March 10, 2026. Accel Limited is the holding company of Accel Media Ventures, and the merger will consolidate the group under a single entity. As per the approved swap ratio, shareholders of the transferor company (other than Accel Ltd itself) will get 1 equity share of Accel Ltd (face value ₹2) for every 2 shares held in Accel Media Ventures (face value ₹10). The appointed date is April 1, 2024, and the scheme becomes effective once the NCLT order is filed with the Registrar of Companies. Upon effectiveness, Accel Media Ventures Limited will stand dissolved, with all its assets, liabilities, employees, and pending proceedings transferring to Accel Limited.
This is a group restructuring with minimal impact for existing Accel Limited shareholders since no new shares are issued to them — only minority shareholders of the transferor company receive new Accel Ltd shares. The merger simplifies the group structure and is expected to deliver operational synergies, though shareholders should note unresolved regulatory references in the order, including a prior SEBI penalty and market ban on the transferor's director and pending tax arrears of the transferor company that will now sit with Accel Ltd.