This is to inform you that a Meeting of Secured Creditors of the Company is scheduled to be held on Saturday, 09th August 2025, at 11.30 AM at the Registered Office for transacting the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Accel Ltd has informed the stock exchange that a Meeting of Secured Creditors of the Company is scheduled to be held on Saturday, 09 August 2025, at 11:30 AM at the Registered Office. A meeting of secured creditors is typically convened under the Insolvency and Bankruptcy Code (IBC) once an insolvency petition is admitted by the NCLT, where the Resolution Professional presents the resolution plan for creditor approval. The truncated text does not disclose the specific agenda items, but the very fact that such a meeting is being called strongly suggests the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP).
This is a negative development for shareholders, as insolvency proceedings often result in significant equity dilution, restructuring, or in worst cases liquidation. Existing equity holders are last in the priority list and may end up with little or no value. The stock is likely to face selling pressure on confirmation of IBC proceedings.