Sunkari Venkateswara Rao Resigns as Additional Director of Accel Ltd
Accel Ltd has announced the cessation of Mr. Sunkari Venkateswara Rao, who stepped down from the role of Additional Director. The resignation follows an initial appointment made on April 27, 2026, which was contingent upon ratification by the company’s Members within a specified timeframe.Mr. Rao was appointed as an Additional Director of Accel Ltd on April 27, 2026. As per the terms of his appointment, his position required ratifying approval from the company's members within three months. Due to the non-ratification of this initial appointment by the Members, Mr. Sunkari Venkateswara Rao tendered his resignation.
The cessation of Mr. Rao as an Additional Director is effective from the close of business hours on July 24, 2026.
The key details regarding the change in directorship are summarized below:
| Event Detail | Information |
|---|---|
| Director Name | Mr. Sunkari Venkateswara Rao (DIN: 06600739) |
| Initial Appointment Date | April 27, 2026 |
| Date of Cessation | July 24, 2026 |
| Reason for Change | Resignation following non-ratification of appointment by Members within three months. |
Mr. Rao expressed gratitude to the Board of Directors and the management team for their support during his tenure with Accel Ltd. The company has taken necessary steps regarding this transition in its directorship structure.
Stock Price Movement
Accel Ltd shares settled at ₹12.33 at the close of trade today, edging higher by 0.65%. The stock experienced intraday movement, trading between a low of ₹12.02 and a high of ₹12.74.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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