Accel Limited announced that Kerala State Industrial Development Corporation Limited [KSIDC] has withdrawn the nomination of Mr. B. G. Biju, Deputy General Manager as KSIDC's Nominee Director on the Board of Directors of the Company vide their letter dated 24th February, 2023 consequent to full satisfaction of loan. Consequently, Mr. B. G. Biju ceases to be a member of the Board of Directors of the Company.