Accel Ltd

AGM Details

• AGM held on 29 September 2026 at 3:00 PM IST via VC/OAVM.
• Meeting concluded at 3:30 PM IST.
• Remote e-voting was available 26 Sep 2026 9:00 AM to 28 Sep 2026 5:00 PM.
• Scrutinizer appointed to oversee voting.

Ordinary Business – resolutions and outcomes

• Adoption of standalone financial statements passed.
• Adoption of consolidated financial statements passed.
• Re-appointment of Mr. N. R. Panicker as Director passed.
• Appointment of statutory auditors passed; remuneration fixed.

Accel Ltd trading window closed from 24 September 2026 until 48 hours after the unaudited results for quarter ended 30 September 2026

Key details

• Target Company: Accel Limited.
• Disclosing Party: N R Panicker, promoter of Accel Limited.
• Transaction Type: Acquisition of 10,658 equity shares via open market.
• Pre-Transaction Holding: 2,33,88,958 shares (40.63%).
• Transaction Details: 10,658 equity shares acquired, 0.01%, open market, 04.09.2026–16.09.2026.
• Post-Transaction Holding: 2,33,99,616 shares (40.64%).
• Date(s) of Transaction: 04.09.2026 to 16.09.2026.
• Share Capital Context - Before: 5,75,72,401 equity shares.
• Share Capital Context - After: 5,75,72,401 equity shares; diluted: 5,75,72,401.

Key disclosures

• Target Company: Accel Limited.
• Disclosing Party: Mr. N R Panicker, Promoter of Accel Limited.
• Transaction Type: Acquisition of 14,000 equity shares via open market.
• Date of Transaction: 10 September 2026.

Book closure and AGM

• Book closure: 22 Sep 2026 to 29 Sep 2026 (inclusive).
• Record date: 22 Sep 2026 to determine voting entitlement.
• Purpose: for 40th Annual General Meeting.
• Security: Equity shares (Scrip code 517494).

AGM Details

• AGM scheduled for 29 September 2026 at 3:00 PM IST via VC/OAVM
• Mode: Video Conference / audio-visual; deemed venue at registered office
• Voting entitlement cut-off date: 22 September 2026
• Remote e-voting facility provided; NSDL platform used
• Proxy attendance not available due to VC/OAVM mode
• Notice and annual report hosted on company website

Key Resolutions

• Adopt standalone and consolidated financial statements with reports
• Re-appoint NR Panicker as Director by rotation
• Appoint Statutory Auditors for five-year term; remuneration to be mutually agreed

Voting Results

• Voting outcomes and ballot results not reported in this filing

Dividend

• Dividend for the financial year 2025-26 not proposed

Director Changes

• Rajesh Kumar Nandi ceased CFO role on 31 Oct 2025; Senthil R appointed CFO on 12 Nov 2025
• S. V. Rao ceased Whole-Time Director role on 26 Apr 2026; appointed Additional Director on 27 Apr 2026; resigned 24 Jul 2026
• NR Panicker to be re-appointed as Director at the 40th AGM

Auditor Appointments

• KS Aiyar & Co. are current statutory auditors; Menon & Pai proposed as statutory auditors for 2026–31

Material Related Party Transactions

• RPTs with Secureinteli Technologies (associate) and Cetronics Technologies (subsidiary) disclosed; inter-corporate loans and service arrangements noted

Other Material Approvals

• Scheme of Amalgamation: Accel Media Ventures Limited merged with Accel Limited; NCLT order dated 10 March 2026
• AMVL shareholders issued equity; 4 May 2026 allotment completed; listing of new shares under process

Financial snapshot

• Standalone revenue from operations: 16,432.88 Lakhs.
• Standalone net profit after tax: 543.66 Lakhs.
• Consolidated total income: 16,816.70 Lakhs.
• Consolidated net profit after tax: 533.23 Lakhs.
• Standalone EPS: 0.94; Consolidated EPS: 0.93.
• Dividend: No dividend recommended for 2025-26; prior year dividend Rs 0.30 per share.

Merger & corporate actions

• NCLT sanctioned AMVL merger with Accel on 10 Mar 2026.
• AMVL amalgamated with effect from 1 Apr 2024; accounts restated.
• Share-swap: 1 Accel share for every 2 AMVL shares; issued 4 May 2026.
• Listing of Scheme shares: BSE listing under process.
• Statutory auditors proposed: Menon & Pai; current is K.S. Aiyar & Co.

Capital structure & shareholding

• Paid-up equity capital: Rs 11.514 Crore; 5,75,72,401 equity shares.
• Shares pending allotment post-merger: 6,06,250 shares (₹12.13 Lakh).
• Promoters' holdings: NR Panicker 40.60%; Shruthi Panicker 11.30%; Harikrishna R Panicker 11.63%.
• Dematerialisation rate: 99.74% of equity shares.
• Authorized capital: Rs 33.75 Crore; 16,87,50,000 equity; 77,50,000 preference shares.

Debt & liquidity

• Consolidated borrowings: Rs 59.04 Crore; current Rs 27.90 Cr; non-current Rs 31.14 Cr.
• Net debt to equity: 0.82x; Net debt: Rs 55.88 Cr; Equity: Rs 68.44 Cr.
• Cash & cash equivalents: Rs 3.16 Cr; bank balances: Rs 0.54 Cr.
• India revenue: Rs 157.60 Cr; Outside India: Rs 0.67 Cr.

Governance & audits

• Board comprises six directors; chair is N.R. Panicker; three independent directors.
• Audit Committee: three independent directors; four meetings in year.
• Statutory auditors: K.S. Aiyar & Co; Menon & Pai proposed as new auditors.
• Secretarial audit: JM & Associates; five-year term; Annexure-V.
• Compliance: Reg 23(9) related party disclosures flagged; addressed.

Business performance & segmentation

• Segment IT Services revenue: 15,642.59 Lakhs; Realty: 790.29 Lakhs.
• Segment results: IT Services 695.60; Realty 441.42; total 1,137.02.
• Geography: India revenue 15,760.53 Lakhs; Outside India 672.35 Lakhs.
• Outlook: shift toward cloud, managed services, cybersecurity; growth expected.

CSR & ESG

• CSR applicability not required for 2025-26; CSR committee existed.
• CSR spend for the year: Nil; CSR activities disclosed per policy.

AGM Details

• 40th AGM scheduled for 29 September 2026 at 03:00 PM via VC/OAVM.