Accel Ltd Announces Record Date for Amalgamation with Accel Media Ventures
Accel Ltd has announced a Record Date for its Scheme of Amalgamation involving Accel Media Ventures Limited. The amalgamation details confirm the transition of Accel Media Ventures Limited (Transferor Company) into Accel Ltd (Transferee Company).The Scheme of Amalgamation was previously sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Division Bench -II, Chennai, via an Order dated 10th March, 2026. This continuation of the process involved the Company and the Transferor Company filing necessary e-Form INC-28 with the Registrar of Companies, Chennai, on 31st March, 2026, making the Scheme effective from that date. The approved Scheme's Appointed Date was 1st April, 2024.
Amalgamation Details and Record Date
To determine the eligible equity shareholders of the Transferor Company entitled to receive equity shares of Accel Ltd, the Record Date has been set for Friday, 1st May, 2026.The exchange ratio for the amalgamation is structured as follows:
| Company/Security | Shares to Accel Ltd | Value Per Share | Total Shares Accepted |
|---|---|---|---|
| Accel Ltd (Accruing) | 1 | ₹2/ - fully paid-up | For every 2 shares of the Transferor |
| Accel Media Ventures Ltd (Transferring) | N/A | N/A | 2 |
This ratio mandates that one equity share of ₹2 per fully paid-up of Accel Ltd will be issued for every two equity shares of ₹10 per fully paid-up of Accel Media Ventures Limited held by the shareholders as of the Record Date.
The equity shares will be issued and allotted to the eligible shareholders whose names appear in the Register of Members as on the Record Date, or to their respective legal heirs, executors, administrators, or successors. Upon allotment, Accel Ltd will proceed to list the new equity shares on BSE Limited in accordance with applicable regulations.
Stock Price Movement
As of 14:32, Accel Ltd shares are edging higher, currently sitting at ₹13.25, marking a strong 2.79% climb for the day. The stock has traded within a visible intraday range, hitting a low of ₹12.60 while peaking at ₹13.49.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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