Accent Microcell Approves Dividend, Key Director Appointments, and Releases Financial Results for FY26

Accent Microcell Approves Dividend, Key Director Appointments, and Releases Financial Results for FY26​

Accent Microcell Limited, in a board meeting held on May 12, 2026, approved its audited financial results for the half-year and full year ended March 31, 2026. The board also recommended a Final Dividend and ratified the re-appointment of key directors, establishing a three-year term for the key roles.

The company confirmed the approval of its audited standalone financial statements and results for the half-year and full year ending March 31, 2026. The board also approved the corresponding statements of deviations/variations for both the Initial Public Offer (IPO) and the Right Issue Offer.

Financial Performance Highlights​

The audited financial statements provide a comprehensive view of the company's performance and capital structure.

Balance Sheet Summary (Equity and Liabilities):


Statement of Cash Flow (Operating Activities):

Governance and Corporate Actions​

During the board meeting, the directors also considered and approved the following governance actions:

• Dividend Recommendation: The board recommended a Final Dividend of Rs. 1.00 per equity share. This represents 10% of the financial year ended March 31, 2026, and is subject to approval by the shareholders at the ensuing 14th Annual General Meeting.
• Committee Approvals: The board approved the audited standalone financial results for the half-year and year ended March 31, 2026, as recommended by the Audit Committee.
• Initial Public Offer (IPO) and Right Issue: The board considered and approved statements detailing deviations and variations for both the IPO and the Right Issue Offer.

Director Reappointments​

The board reviewed and approved the re-appointments of several key personnel for a further term of three consecutive years, subject to shareholder approval at the ensuing general meeting.

The appointments include:

• Mr. Vasant Vadilal Patel: Re-appointment as Executive Chairman & Whole-time Director.
• Mr. Ghanshyam Arjanbhai Patel: Re-appointment as Managing Director and CFO.
• Mr. Nitin Jasavantbhai Patel: Re-appointment as Whole-time Director.
• Mr. Vinodbhai Manibhai Patel: Re-appointment as Whole-time Director.

Proceeds Utilization Details​

The company provided details on the utilization of funds raised through both public offerings.

IPO Funds Utilization (Total Amount Raised: 7840.00 lakhs):
The total amount utilized was 8344.88 lakhs. The statement indicated that 542.6 lacs of Fixed Deposit interest were utilized for the plant setup, and 52.62 lakhs excess funds were utilized against issue expenditure. A total of 42.72 lakhs remains unutilized as of March 31, 2026.

Right Issue Funds Utilization (Total Amount Raised: 3977.127 Lakhs):
The total amount utilized was 2983.64 lakhs. Funds allocated for manufacturing Microcrystalline Cellulose received 61.37 lacs in Fixed Deposit interest, and 8.90 lakhs excess funds were utilized against issue expenditure. A total of 1054.86 lakhs remains unutilized as of March 31, 2026.

Dividend and Capital Structure Data:
The company's issued equity share capital increased from 2104.30 lakhs to 2398.90 lakhs following the rights issue. Furthermore, the board noted that the financial results for the half-year and full year are calculated based on the difference between audited full-year figures and unaudited year-to-date figures up to September 30, 2025.

ACCENTMIC Stock Price Movement​

Shares of Accent Microcell Limited are edging higher to ₹477 as of 10:01 AM today, gaining ₹0.90 (0.19%) in live trading. The stock's current momentum is backed by 11,500 shares traded, following a recent surge that saw the equity hit its 52-week high at ₹481.