Accel Limited Reports Mixed Quarterly Results and Leadership Change

Accel Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported standalone revenue from operations of Rs 3,865.69 lakhs for the quarter compared to Rs 4,326.00 lakhs in the previous quarter. Net profit for the quarter stood at Rs 121.32 lakhs versus Rs 89.55 lakhs in the prior quarter. For the half year, revenue reached Rs 7,845.62 lakhs with net profit of Rs 210.87 lakhs. The company operates through three segments: Realty, IT Services, and Media Services. In a significant leadership change, Rajesh K Nandhi resigned as Chief Financial Officer effective October 31, 2025, citing personal reasons. The Board appointed Senthil R, General Manager-Finance, as the new CFO with immediate effect. Senthil R is a qualified FCA with over 15 years of experience in finance, accounts, and compliance across various verticals. The company also disclosed ongoing merger proceedings with subsidiary Accel Media Ventures Limited, with final hearing scheduled for December 10, 2025. Auditors have raised qualifications regarding loan recoverability from subsidiaries amounting to Rs 680.02 lakhs and investment valuation concerns.

Accel Limited CFO Rajesh K Nandhi Resigns Due to Personal Reasons

Accel Limited announced that Chief Financial Officer Rajesh K Nandhi has resigned from his position due to personal reasons, effective from the closing hours of October 31, 2025. The company is currently in the process of identifying a suitable replacement for the CFO position. Nandhi submitted his resignation letter to the Board of Directors, requesting relief from his responsibilities as Chief Financial Officer and Key Managerial Personnel.

Accel Limited Approves Quarterly Results and Appoints J.M. Associates as Secretarial Auditors

Accel Limited's Board of Directors approved standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. The board also approved the appointment of J.M. Associates as Secretarial Auditors for a five-year term from FY 2025-2026 to FY 2029-2030, subject to shareholder approval at the upcoming Annual General Meeting. J.M. Associates is a Chennai-based practicing company secretaries firm registered with ICSI that provides advisory services under Companies Act 2013, SEBI regulations, FEMA, and other corporate laws. The board meeting was held on August 13, 2025.