Accel Ltd - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Accel Limited, BSE listed Chennai headquartered, IT services companyhas announced that the company is acquiring a substantial minority stake in BizCarta Technologies India Private Limited , a leading cyber security consulting and services company based in Bangalore, India with operations and customers in USA, Singapore, Australia. The board meeting held today approved the transaction and authorized the managing director to sign necessary agreements and conclude the deal within 30 days. This initiative is in line with the company's objective of expanding its IT security services portfolio. The company will be setting up a Security Operations Centre in Chennai to offer managed security services