Revised outcome of Board Meeting held on 13th August 2024 at 04.00 PM.
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Awaiting price reaction for this filing.
Accel Ltd has refiled its Q1 FY26 (quarter ended 30 June 2025) results as a corrected version, after the original filing mistakenly placed consolidated results under the 'year ended 31.03.2025' header. The actual numbers remain unchanged. For Q1 FY26, standalone revenue from operations was Rs 38.66 crore (down ~1.6% YoY), while standalone net profit rose to Rs 1.21 crore from Rs 1.03 crore (~17% growth). On a consolidated basis, net profit grew ~30% YoY to Rs 1.20 crore. The statutory auditor (K.S. Aiyar & Co.) has issued a qualified review report flagging two concerns: recoverability of a Rs 6.67 crore loan to subsidiary Accel Media Ventures, and an investment in associate Secureinteli Technologies carried at Rs 4.88 crore versus fair value of Rs 1.73 crore. The Board also approved the appointment of J.M. Associates as Secretarial Auditor for 5 years (FY26-FY30), pending shareholder approval.
Strong consolidated profit growth is positive, but the auditor's qualified opinion on the subsidiary loan recovery and the ~Rs 3.15 crore gap between book value and fair value of the associate investment are governance concerns that shareholders should monitor. Pending NCLT merger with Accel Media Ventures remains a key event to watch.