Accel Ltd - RESPONSE TO THE CLARIFICATION ON PRICE MOVEMENT

With reference to your email dated 24th December 2021, we would like to inform that the company has duly communicated to the Stock Exchange, all the material events, information, etc., as and when occurred according to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has no specific reason to substantiate the significant movement of share price of the company in past few days. The company is happy to state that the growth of the business in the normal course during the last two quarters and the visibility going forward due to better economic environment could be the reason for the improved sentiment and upward trend in the share price of the company.