Accel Allots 6.06 Lakh Shares for Merger, Appoints New Director

Accel Ltd's Board of Directors, at its meeting on April 30, 2026, approved the appointment of Mr. S.V. Rao as an Additional Director, effective April 27, 2026. The Board also fixed May 1, 2026, as the Record Date for allotting equity shares to eligible shareholders of Accel Media Ventures Limited (Transferor Company) as per the sanctioned Scheme of Merger. Consequently, 6,06,250 fully paid-up equity shares of ₹2/- each were allotted in a 2:1 ratio. Post-allotment, the company's paid-up equity share capital increased to ₹11,63,57,302, divided into 5,81,78,651 equity shares.