The Share Allotment Committee of the Board of Directors of the Company, by way of resolution passed at the meeting held on today i.e. 04th May, 2026 has approved the allotment of 6,06,250 ....
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Accel Limited's Share Allotment Committee has approved the allotment of 6,06,250 equity shares of Rs. 2/- each to eligible shareholders of Accel Media Ventures Limited. This allotment is pursuant to the Scheme of Amalgamation (merger by absorption) approved by NCLT Division Bench-II, Chennai on 10th March 2026. The share exchange ratio is 1 equity share of Accel Limited for every 2 shares held in Accel Media Ventures Limited, with Record Date as 1st May 2026. Post-allotment, the company's paid-up equity share capital stands at Rs. 11,63,57,302 divided into 5,81,78,651 equity shares. These newly allotted shares will rank pari passu with existing equity shares and are proposed to be listed on BSE.
For shareholders of Accel Media Ventures Limited, this allotment represents the completion of the merger process with share entitlements being fulfilled. The increased share capital reflects the combined entity's expanded capital base which will now trade on BSE.