Accel Limited has announced the allotment of equity shares pursuant to the approved Scheme of Amalgamation involving Accel Media Ventures Limited and Accel Limited.

The company disclosed the development through a filing submitted to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The allotment follows the approval and sanction of the merger scheme by the National Company Law Tribunal (NCLT), Chennai Bench.

NCLT Approved the Amalgamation Scheme

The merger scheme involving:

• Accel Media Ventures Limited as the transferor company
• Accel Limited as the transferee company

was approved by the Hon’ble NCLT Division Bench-II, Chennai, through its order dated March 10, 2026.

The scheme relates to the merger by absorption of Accel Media Ventures Limited into Accel Limited along with their respective shareholders.

Following the effectiveness of the scheme, the company proceeded with the share allotment process.

Share Allotment Approved by Committee

Accel Limited informed that the Share Allotment Committee of the Board of Directors, at its meeting held on May 4, 2026, approved the allotment of:

6,06,250 equity shares

Each share carries a:

• Face value of ₹2
• Fully paid-up status

The shares were allotted to eligible shareholders of Accel Media Ventures Limited.

Share Exchange Ratio

Under the approved scheme, shareholders received shares based on the following swap ratio:

1 equity share of Accel Limited

for every

2 equity shares held in Accel Media Ventures Limited

The allotment was made to shareholders holding shares in the transferor company as on the:

Record Date – May 1, 2026

This exchange ratio formed part of the merger arrangement approved by the tribunal.

Increase in Paid-Up Share Capital

Following the allotment, Accel Limited’s paid-up equity share capital has increased to:

₹11,63,57,302

The capital now consists of:

5,81,78,651 fully paid-up equity shares

with face value of ₹2 each.

The newly allotted shares will rank:

pari passu

with the company’s existing equity shares.

This means the new shares will carry the same rights and benefits as the existing shareholders’ equity shares.

Shares Proposed for Listing on BSE

The company also confirmed that the newly allotted shares are proposed to be:

• Listed on BSE Limited
• Made available for trading

This will allow shareholders who received shares under the merger scheme to trade them on the stock exchange once listing approvals are completed.

Significance of the Merger

Amalgamation transactions are generally undertaken to:

• Consolidate operations
• Improve business efficiency
• Streamline group structures
• Achieve operational synergies
• Enhance shareholder value

The merger of Accel Media Ventures with Accel Limited may help simplify the corporate structure and integrate business operations under a single listed entity.

Regulatory Compliance Completed

The disclosure was made under applicable SEBI regulations and follows:

• NCLT approval
• Record date finalization
• Share allotment process

The company has now completed a key procedural step in implementing the approved merger scheme.

Investors will now monitor further developments related to:

• Listing approval of new shares
• Integration process
• Business performance post amalgamation

About Accel Limited

Accel Limited is listed on the BSE Limited under:

Scrip Code: 517494

The company continues to undertake strategic corporate actions aimed at restructuring and strengthening its business operations.

The latest share allotment marks the formal implementation of the approved amalgamation scheme with Accel Media Ventures Limited.

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