Accel Limited announced the company has come to know from the website of the Securities and Exchange Board of India that an order has been passed on September 21, 2023 against Mr. N. R. Panicker, Executive Chairman of the Company, restraining him from occupying any position in the Board of any listed Company for a period of one year from the date of order coming in to force. Accordingly, Mr. N. R. Panicker has submitted his resignation as a Director of the Company on September 21, 2023 and the same has been accepted by the Board. Mr. N. R. Panicker has informed the Board that he intends to file an appeal against the order before the Securities Appellate Tribunal.