Acceleratebs India Ltd

Secretarial Auditor Resignation

• Resignation of Secretarial Auditor Mr. Vikas Raju Varma, Practising Company Secretary, Mumbai.
• Resignation attributed to professional commitments and realignment of engagements.
• Date of resignation: August 05, 2026.
• Audit Committee and Board to consider appointment of new Secretarial Auditor.
• Intimation disclosed under Regulation 30 and SEBI guidelines; details in Annexure A.
• Replacement to be intimated in due course.
• Disclosure also available on company website.

AGM Details

• Date and mode: July 28, 2026, 2:00 PM IST, VC/OAVM.
• Record date: July 20, 2026; 305 shareholders on record.
• Attendance via VC/OAVM: 4 Promoter Group and 2 Public attendees.

Resolutions & Voting

• Resolution 1 (Ordinary): Adoption of audited Standalone and Consolidated Financial Statements; Passed 100%.
• Resolution 2 (Ordinary): Re-appointment of Ishani Kunal Shah as Director; Passed 100%.
• Resolution 3 (Ordinary): Declaration of Final Dividend of Rs 0.10 per share; Passed 100%.

Dividend Details

• Final dividend: Rs 0.10 per equity share for FY ended March 31, 2026.

Director Changes & Governance

• Director changes: Ishani Kunal Shah re-appointed as Director, retiring by rotation.

Auditors

• Auditors: No new statutory/secretarial/cost auditor appointment disclosed.

AGM Details

• AGM date/time: July 28, 2026, 2:00–2:33 p.m. IST.
• Mode: through two-way VC/OAVM.
• Quorum: 6 Members joined.

Key Resolutions

• Ordinary resolution: Adoption of audited standalone and consolidated financial statements.
• Ordinary resolution: Re-appointment of Ms Ishani Kunal Shah, retiring by rotation.
• Ordinary resolution: Declaration of final dividend of INR 0.10 per share.

Voting Results

• Outcome not disclosed; subject to requisite majority.

Director Changes

• Ms Ishani Kunal Shah appointed as Director; retires by rotation.

Auditor Appointments

• No changes disclosed in statutory/secretarial/internal auditors.

Material Related Party Transactions

• No material RPTs disclosed.

Other Material Approvals

• No other material approvals disclosed.

Financial highlights

• Revenue for Apr–Jun 2026: ₹3.9 crore, ~50% of FY26 revenue.

Strategic & operational developments

• Acquired Beanstalk Web Solutions LLC in March 2026; integration of teams and services underway.
• Expanded service portfolio to Hosting, Programmatic Marketing, Marketing Automation, SEO, and other digital services.

Product and technology

• Beanstalk Governance Studio and Getivity in final development; Getivity launch anticipated.

Outlook

• FY27 outlook remains positive; strong FYQ1 start provides foundation for growth in remaining quarters.

Dematerialisation status

• Regulation 74(5) not applicable; all shares in demat form.
• No dematerialisation requests were received during the period.

Record date and dividend

• Record Date fixed as Monday, July 20, 2026 for final dividend eligibility.
• Dividend, if declared at AGM on July 28, 2026, paid within 30 days of declaration.

Financials

• Standalone total income ₹668.04 Lakhs; prior year ₹682.15 Lakhs.
• Revenue from operations ₹643.75 Lakhs, prior year ₹677.10 Lakhs.
• Consolidated total income ₹715.72 Lakhs.
• Standalone net profit ₹85.76 Lakhs; prior year ₹73.30 Lakhs.
• Consolidated net profit ₹64.58 Lakhs.
• Standalone EPS ₹2.49; Consolidated EPS ₹1.88.
• Standalone net worth ₹508.51 Lakhs; Consolidated ₹400.41 Lakhs.
• Cash and cash equivalents ₹138.21 Lakhs; prior year ₹330.39 Lakhs.
• Total debt: long-term borrowings ₹883.78 Lakhs; current borrowings nil.
• Net debt impacted by cross-border acquisitions; working capital strengthened.
• Employee strength 47; 5 board meetings held; attendance strong.

Capital & Liquidity

• Share capital ₹3.43808 Cr; no change in year.
• Authorized share capital ₹20,00,00,000; 2,00,00,000 shares.
• Long-term borrowings ₹883.78 Lakhs; bank and NBFC loans comprise.
• Overdraft facility with Axis Bank; Kotak facility closed; fixed deposits pledged as security.
• Fixed deposits ₹60 Lakhs lien against overdraft; OD up to ₹4 Crore.
• Current liabilities ₹319.93 Lakhs; trade payables ₹27.46 Lakhs; other liabilities ₹259.69 Lakhs.
• Net working capital Standalone ₹222.55 Lakhs; Consolidated ₹369.44 Lakhs.
• Current ratio Standalone 1.70; Consolidated 2.11.
• Non-cash working capital management aided by cross-border subsidiaries.

Strategic Developments

• Acquired Accelerate Next Inc, USA; wholly owned subsidiary since Sept 17, 2025.
• Beanstalk Web Solutions LLC acquired; Beanstalk becomes step-down subsidiary.
• US onshore sales engine to cross-sell DXPs and AI solutions.
• US alignment positions as front-to-back digital agency with GCC in India.
• Governance Studio and Getivity to drive recurring software revenue.
• Pro-forma group revenue run-rate ₹22–25 Crore post Beanstalk acquisition.

Governance & Compliance

• Board of 7 directors; 3 Independent; no director appointments/cessations during year.
• Ishani Kunal Shah to retire by rotation; re-appointment proposed.
• Nomination and Remuneration Policy adopted; CSR not applicable.
• Whistle Blower policy adopted; ISMS aligned.
• Secretarial audit noted one delayed ROC form; minor impact.
• Auditors KS Sanghvi & Co. issued unqualified Standalone & Consolidated opinions.
• Remuneration to Directors exceeded limits by ₹73.50 Lakhs; approved via Special Resolution.
• 5 board meetings; 3 Audit Committee meetings; 1 NRC meeting.

Related Parties

• Related-party contracts disclosed; rent agreements with promoters approved 27 Dec 2023.
• Loans from promoters: ₹75 Lakhs each; repayments made during year.
• Director remuneration approx ₹30.77 Lakhs per director; KMP remuneration ₹18.77 Lakhs.
• Service income from Beanstalk Web Solutions LLC: ₹28.39 Lakhs.
• Loans to Accelerate Next Inc: ₹54.94 Lakhs; outstanding ₹212.61 Lakhs.

Dividend & AGM

• Final dividend proposed: ₹0.10 per equity share.
• AGM date: 28 July 2026; VC/OAVM; record date 20 July 2026.
• Dividend tax: TDS as per Income Tax Act; resident/non-resident guidelines.
• Annual Report available electronically; hard copies on request.

MD&A & Outlook

• Industry trends favor full-service digital agencies; DXPs and AI-driven delivery.
• Opportunities: cross-sell to 250+ US clients; deploy Governance Studio and Getivity.
• Risks: talent synchronization, macro shifts, regulatory and IP concerns; ISMS mitigates.
• Outlook: onshore-offshore flywheel; recurring SaaS revenues enhance stability.
• Management emphasises disciplined investments and scalable, premium service delivery.

Audits & Controls

• Independent Auditor’s Report on Standalone and Consolidated FS: unqualified.
• Internal Financial Controls: adequate and operating effectively; no material fraud.
• Secretarial Audit: ROC filing diligence to be strengthened; no material governance impact.
• Management commentary: robust controls and governance policies in place.

AGM Details

• AGM scheduled for July 28, 2026 at 2:00 p.m.
• Held via VC/OAVM; deemed at Registered Office.
• Record date for dividend: July 20, 2026.

Key Resolutions

• Adopt Audited standalone and consolidated financial statements for FY2025-26.
• Re-appoint Ms. Ishani Kunal Shah, retiring by rotation.
• Declare final dividend of INR 0.10 per share.

Dividend

• Dividend amount: INR 0.10 per share.
• Dividend payable within 30 days of declaration.

Director Changes

• Director Ishani Kunal Shah to be reappointed; she retires by rotation.
• Remuneration last drawn: INR 18.77 Lakhs.
• Remuneration proposed per existing terms; Postal Ballot approved on June 28, 2026.
• Shareholding: 1,600 equity shares.

Board resolutions

• Board meeting held July 2, 2026.
• Approved Notice of the 4th AGM for FY2025-26 to be held July 28, 2026 via video conferencing.